Lesson 3B

• Ethical Challenges in Doing Business

  • Bribery
  • Conflict of Interest and Loyalty
  • Harassment
  • Forced Overtime
• Paying bribes is unfortunately quite common and usually takes the form of grease money.
• Bribes are intended to expedite required services or to secure contracts.
• Conflict of interests occurs when an individual must choose between promoting personal interest and avoiding such actions.
• Example of Conflict of Interest is using company information for personal gain or purchasing goods from relatives.
• Quid Pro Quo is the first type of harassment involving an employer who asks an employee or applicant for a favor (commonly sexual) in return for employment or job benefit or promotion.
• Quid Pro Quo is a Latin term for "something for something“.
• In Forced Overtime, generally, no one should be compelled to work overtime in excess of the mandatory eight hours on any given day against his/her will.
• The Philippine Labor Code states that overtime work is required in some cases.
• When there is urgent work to be performed on machines, installations, or equipment.
• When the work is necessary to prevent loss or damage to perishable goods.
• Where the completion or continuation of the work which has been started before the eight hour is necessary to prevent serious obstruction or prejudice to the business operations of the employer.