Ethical and Legal Problems & Employee Benefits Assignment

Ethical and Legal Problems & Employee Benefits - Assignment Example Thus, protocol ethics are closely associated with equity-based recognition. In addition, employees have to make key decisions either as an employee or as a shareholder. Each of these levels requires different reasoning and responsibilities. Ethics related to loyalty towards the company comes into consideration. For instance, an employee may have knowledge of some sensitive information about the company. However, he is not expected to release such information to ordinary shareholders. Equity-based recognition plan also attract a number of legal issues. Worker, who upgrades their status into shareholders of the company, requires a new set of legislation to protect their interests. For instance, legal issues related to bankruptcy of the company are applicable in the recognition plan. Workers need to know their accountability to the company’s liabilities. Leaders should be aware of possible abuse of employee’s that might result from equity-based recognition. In order to prevent any form of abuse, leaders should ensure that company employees understand their responsibilities and rights both as company employees and as a shareholder. In addition, leaders should ensure that legislation and ethics associated with the plan are clearly stipulated in workers contracts. Retirement benefit authority is a scheme managed by the government to provide financial support to the elderly population. Although the government and other social welfare encourage organization to enroll their employees for retirement benefits, most of them do not provide the benefit. Retirement benefit scheme divide industries into two categories. The first category is for industries that provide the service to their employees while the second category consist industries that do not provide the service. There is also a significant inclination of certain