Ethical Issues in Employment

Flashcards covering key concepts related to ethical issues in employment, including unfair compensation, breach of confidentiality, misrepresentation of financial data, and conflict of interest.

Unfair Compensation

When an employee is dismissed in a manner that is harsh, unjust, or unreasonable.

Fair Work Commission

A commission that considers the length of service, earnings, and circumstances of dismissal for compensation claims.

Breach of Confidentiality

Disclosing private or confidential information to a third party without the owner’s consent.

Financial Loss

A potential consequence of breaching confidentiality, leading to monetary damages.

Reputational Damage

Harm to one's reputation that can occur from unauthorized sharing of confidential information.

Misrepresentation of Financial Data

Intentional distortion of financial information to deceive stakeholders.

Falsifying Financial Statements

A form of financial misrepresentation involving the false representation of financial information.

Conflict of Interest

When an individual's multiple interests serve against each other, resulting in an unfair advantage.