How to Reward Employees for Following Ethical Standards
Every company needs a code of ethics for employees to follow. The code allows employees to know the rules and regulations they need to follow in order to be aligned with the values of the organization. It is important for each employee to behave in an ethically appropriate manner. When an employee does not follow ethical standards, it reflects badly on the organization as a whole and can cost the company a great deal of money to resolve the situation.
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Instructions
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Create an incentive program for employees that follows the company's ethical guidelines. Build a set of checks and balances of company ethical standards that employees must follow when completing their work.
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Incorporate following these standards into each employee's total compensation package. This way, employees that follow ethical standards are rewarded financially for their behavior. Those that do not follow the standards are punished.
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Give the employees a bonus at the end of the year from the money the company saved by not having to deal with ethical issues. This money could be divided between all of the employees at the company as a reward for following the ethical standards of the company.
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Publicly acknowledge employees when they report an ethics violation. Praising her in front of her peers will make her feel special and will encourage other employees to follow her lead, so that they can receive public praise also.
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