Page 157 - DMGT517_PERFORMANCE_MANAGEMENT_SYSTEM

Performance Management System Amit Kumar Sharma, Lovely Professional University

Notes Unit 13: Ethics in Performance Management

CONTENTS

Objectives
Introduction
13.1 Meaning and Concept of Ethics
13.2 Principles of Ethical Performance Management
13.3 Ethical Issues and Dilemmas

13.4 Developing Code of Ethics
13.5 Performance Management in MNC
13.6 Summary
13.7 Keywords

13.8 Self Assessment
13.9 Review Questions
13.10 Further Readings

Objectives

After studying this unit, you will be able to:
Explain the principles of ethics in performance management

Discuss ethical issues and dilemmas
State developing code of ethics and performance management in MNCs
Introduction

The major concern of performance management is performance improvement in order to achieve
organizational, team & individual effectiveness. A good performance management system is
also concerned with employee development as continuous development of competencies and
capabilities leads to improved performance. It also deals with satisfying the requirements and
expectations of stakeholders at every level be it management, staff, customers, general public
etc.
A performance management system should work on principles of ethical considerations leading
to transparency and respect for all. Employees affected by decisions made on their performance
should have a right to know the ‘how’ & ‘why’ of the decision thereby leading to transparency.
Procedures should be implemented fairly to avoid bias on any basis and there should be mutual
respect for each others needs as well as for every individual of the staff and management side.

13.1 Meaning and Concept of Ethics

Ethics is a system or code of moral standards of a particular person, group or profession. Ethics

may be defined as the actions an individual take on himself to ensure his continued survival
across the dynamics. In essence, it deals with whether to perform certain kinds of action or not in
line with what is acceptable to the society as a whole. Therefore, ethics is the process of deciding
as to what is good for human beings.

152 LOVELY PROFESSIONAL UNIVERSITY