Tuesday, January 12, 2016

Unethical Actions of Employees Added to a Database?

To improve the reputation of financial firms in light of recent scandals, bankers are discussing the creation of a database to keep track of ethical lapses that violate business codes ("Wall Street Mulls Naughty List for Ethically Challenged Bankers," Bloomberg Business, December 22, 2015). This list would be available only to banking-related companies that are regulated by federal agencies such as the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve System (Fed) in their quest to screen job applicants. A few issues about this new plan have yet to be decided, but this system is supposed to provide employees with the right to challenge false information in their profile.

Discussion Questions:
  1. Do you think an unethical employee database is a good idea that other companies beyond banking should develop? Why or why not?
  2. Would you be less likely to engage in unethical behavior that's not necessarily illegal, if you knew your name and misdeed may be added to a database that can be searched by prospective employers? Why or why not?
  3. This plan mentions that employees could dispute errors in the database but doesn't say how erroneous information would be removed from the database. Do you think it would be commonplace for employers with a grudge against an employee to add misinformation to a worker's profile? Why or why not?

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