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creating and maintaining ethical working conditions.
On the strength of the careful assessment provided above one can see
that the payoffs for an HRM strategy that is ethically responsive to all of
the organization's stakeholders can be substantial. An HRM strategy that
holds contemplated organizational policy decisions in abeyance until the
reasonably foreseeable outcomes among all constituents is carefully
considered may protect the firm from exposure to significant legal,
economic, and social costs. Perhaps the most salient feature of an HRM
strategy that is ethically balanced is that it may provide an important
competitive advantage to the organization in recruiting and retaining its
most vital resource -- labor.
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Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: Corporate Misconduct:The Legal, Societal, and Management Issues.
Contributors: Margaret P. Spencer - Editor, Ronald R. Sims - Editor.
Publisher: Quorum Books.
Place of publication: Westport, CT.
Publication year: 1995.
Page number: 207.
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