1. Chapter 2 Social and Ethical Environment of Business
©2008 Thomson/South-Western

2. Lesson 2.1 Human Resource Issues
Goals
Describe the changing nature of the U.S. population and how this impacts businesses.
Explain the issues that businesses face with the U.S. labor force.
Chapter 2 Social and Ethical Environment of Business

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HUMAN RESOURCE ISSUES
Population
Growing population
2010 Census
pop clock
Chapter 2 Social and Ethical Environment of Business

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HUMAN RESOURCE ISSUES
Changing population
Baby boom
Baby bust
Moving population
Frost Belt
Sun Belt
Rust Belt 4
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5. Chapter 2 Social and Ethical Environment of Business
HUMAN RESOURCE ISSUES
Frost Belt
Colder northern ½ of the country
– Alaska, Vermont, New Hampshire
Sun Belt
Warmer, Southern ½ of the country.
- Florida, Georgia, Mississippi, Alabama New Mexico Arizona
Rust Belt
-Northern Central and Northeastern.
Michigan, Pennsylvania, Minnesota, Buffalo, NY
Chapter 2 Social and Ethical Environment of Business

6. Population of the United States
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7. Chapter 2 Social and Ethical Environment of Business
HUMAN RESOURCE ISSUES
Labor force
Labor participation rate % employed or looking for work % women worked outside the home
% women worked outside the home
Poverty
FACT 12-15% of the US lives in poverty
Richest 20% earn more BUT lowest 1/5 has remained the same What does that create?
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HUMAN RESOURCE ISSUES
Labor force
Equal employment
Glass ceiling — invisible barrier to job advancement
Sticky floor syndrome — inability of workers to move up from low-paying, entry-level jobs
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HUMAN RESOURCE ISSUES
Comparable worth — “equal pay for comparable work”
Parade magazine 2009 issue
Chapter 2 Social and Ethical Environment of Business

10. Trends in the Labor Force – Labor Participation rate
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Salary difference gap
Four Key Areas:
1 - Face-time
Whether it's beers after a long night in the lab, or hoops on Wednesday night, a lot of decisions get made in those casual settings.
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Salary difference gap
Four Key Areas:
2 - Risk Outsiders tend to feel more visible when they make mistakes, yet scientific creativity depends on risk-taking
Chapter 2 Social and Ethical Environment of Business

13. Chapter 2 Social and Ethical Environment of Business
Salary difference gap
Four Key Areas:
3 - Recommendations, The language used in these all-important documents is crucial and often unconsciously biased. A woman might have "assisted" with a project, whereas a man "was instrumental" in carrying it out.
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Salary difference gap
Four Key Areas:
4 - National Visibility - Without experience in their field or careful mentoring, it's hard for a young scientist to know how to plug into national scientific societies, but these organizations can provide a needed measure of external validation and credibility.
Chapter 2 Social and Ethical Environment of Business

15. Lesson 2.2 Societal Values
Goals
Discuss how the values of Americans have changed.
Explain how businesses have adapted to changing values.
Describe the dilemma posed by the need for business to grow and the need to protect the natural environment.
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Societal Values
Changing American values
Generation X not a lot of workers
Net Generation not loyal workers
Issues
Changing population
Unemployment
Poverty
Unequal employment
Unequal pay
Societal values.
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Societal Values
Employer responses
Redesigning jobs
Make jobs less boring
Workers make more decisions
Rotate Jobs; jobs done in teams
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Societal Values
Employer responses
Improve health and safety
Incentives for physical fitness
Counseling services
Safer working conditions
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Societal Values
Employer responses
Adapt to family needs
Unpaid leave time
Flexible schedules
Telecommuting
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20. Chapter 2 Social and Ethical Environment of Business
Societal Values
Natural resource issues MORE PEOPLE
Managing the environment MORE STUFF
Recycling — reusing products and packaging whenever possible
Controlling environmental pollution
CERES PRINCIPLE - VOLUNTARY
Chapter 2 Social and Ethical Environment of Business

21. Natural Resources Disaster Video
Exxon-Valdez-Oil-Spill
BP Oil Spill
Clean Up
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Lesson 2.3 Ethical Issues
Goals
Describe how ethics relates to business practice.
Suggest ways in which business can be socially responsible.
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Ethics
Ethics — standards of moral conduct that individuals and groups set for themselves, defining what behavior they value as right or wrong
Business ethics — collection of principles and rules that define right and wrong conduct for an organization
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Ethics
Code of ethics -formal, published collection of values and rules that reflect a firm’s philosophy and goals
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Ethics
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Ethical Issues
Social responsibility — the duty of a business to contribute to the well-being of society
Stakeholders — any individuals or groups affected by a firm’s actions, such as owners, customers, suppliers, employees, creditors, government, and the public
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Ethical Issues
NGO - are watch dogs for the conduct of business. i.e. ACLU, Sierra Club 27
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28. Chapter 2 Social and Ethical Environment of Business
Futures
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29. Chapter 2 Social and Ethical Environment of Business
Quick Quiz
Power point #29
Write 1-13
find the correct definition
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30. Chapter 2 Social and Ethical Environment of Business
Review
Labor Force
2. Baby Boom
3. Baby Bust
High birth Rate period 1945 – 1965
Low birth rate period that followed the boomer period
Group that includes most people 16 or over who are available for work, whether employed of unemployed
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Review
4. Labor Participation Rate
Sticky Floor Syndrome
Glass Ceiling
Comparable worth
Percentage of the labor force that is either employed or actively seeking employment
Paying workers equally for jobs with similar but not identical job requirements
Invisible barrier to job advancement
Inability of workers to move up from low-level jobs.
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Review 2-2 & 2-3
To work from home or one the road, staying in contact with employer electronically
Duty of a business to contribute to the well-being of society.
Standards of moral conduct that individuals and groups set for themselves, defining what behavior they value as right or wrong
8. Social responsibility
9. Code of ethics
10. Telecommute
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33. Chapter 2 Social and Ethical Environment of Business
Review
Independent “Watch dog” organizations.
Individuals or groups affected by a firms’ actions, such as owners, customers, suppliers, employees, creditors, government, and the public.
Collection of principles and rules that define right and wrong conduct for an organization.
11. Stakeholders
12. Business ethics
NGO’s
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34. Chapter 2 Social and Ethical Environment of Business
Answers to Review
Baby Boom
Baby Bust
Labor Force
Labor Participation Rate
Comparable worth
Glass Ceiling
Sticky Floor Syndrome
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35. Chapter 2 Social and Ethical Environment of Business
Answers to Review
Telecommute
Social Responsibility
10. Ethics
Chapter 2 Social and Ethical Environment of Business

36. Chapter 2 Social and Ethical Environment of Business
Answers to Review
NGO
Stakeholders
Business Ethics
Chapter 2 Social and Ethical Environment of Business