LP101: Ethical Standards in the Workplace

Loss prevention professionals must meet high ethical standards in the workplace.

ethical standards in the workplace

Maintaining high ethical standards in the workplace are at the heart of any reputable business and certainly any successful loss prevention program. We tend to do business with those we trust and respect, and we tend to receive business from those who trust and respect our company. Those standards are at the root of our business relationships and ultimately establish and maintain consumer confidence. Ethical standards in the workplace drive both our current performance and our future growth and demand our highest regard and attention.

On a personal level, our standards of conduct also provide the foundation for the types of individuals that we are, the type of business that we represent, and the types of leaders that we will become. Reflecting high ethical standards in the workplace demonstrates to all of those around us the values and principles that define respect, confidence, integrity, trust and moral character.

Want an awesome LP career? Download this FREE Special Report, How to Find the Best Loss Prevention Jobs and Build a Successful Loss Prevention Career.

The concept of ethics can be difficult to define in absolute terms because it deals with intangibles that include our principles, values and beliefs. Simply stated, however, ethics is the science of human duty. It personifies our application and analysis of attitudes and behaviors as we make personal judgments on concepts such as good or bad, honest or dishonest, right or wrong, honorable or shameful, righteous or unjust. People can be unfair, untrustworthy or even dishonest without necessarily breaking the law. Ethics is the body of rules that govern the way that we behave and the moral standards that we live by. Our ethical standards guide our lives personally, professionally, intellectually and spiritually.

Meeting High Ethical Standards in the Workplace

As a science and philosophy, the subject of ethics can reach as far as the mind’s eye can see. Our interpretations of issues such as good/bad or right/wrong can be deeply personal and complex. While the bounds of this subject matter may reach well beyond the scope of this particular format, certain subjects require our specific attention. In the retail loss prevention world, we are faced with a wide array of ethical issues on a day-to-day basis. Some issues are relatively easy to decide, while others can be much more difficult due to their complexity or surrounding circumstances.

Just being a good person with high ethical standards may not always be enough to make the tough choices that can arise in the workplace, especially when matters are clouded by mixed or conflicting ethical dilemmas. However, the very nature of a position in the loss prevention field relies on our ability to make the right ethical decisions at the right times, and earn the respect of our fellow employees.

As a loss prevention professional, you possess a tremendous amount of responsibility and authority. Above and beyond your obligations to protect company assets, reduce shortage and enhance profits, you are expected to set an ethical example for others to follow. Your attitudes and conduct must be above board and beyond reproach in the eyes of all of those that you work with. While it is important to understand that business standards are established by people, ethical standards in the workplace are not only established guidelines, but also personal perceptions. Our conduct is not only a reflection of ourselves, but is a reflection of our department and our company as well.

Loss prevention is generally the arm of the company that polices ethical standards in the workplace. Often viewed as the “conscience” of the company, our own integrity must be beyond reproach, as others will look at our conduct as a mirror image of the company standard as well as an indication of how our company reads, responds and reacts to ethical challenges.

Retail companies recognize the importance of properly communicating their standards of excellence in every aspect of the business. Most people associate good conduct and business integrity with company success, and clear core values are seen as essential to the performance of the organization. In such a competitive business, where the reputation of a company can be so important, conduct is often viewed as a direct reflection of the values, attitudes, belief systems, decision making, commitment to its customers and the leadership of the organization.

Facilitating the highest possible standard for ethical behavior serves to help safeguard our company’s reputation, conveying a commitment to responsible practice and enhancing the overall success of the business.

***

Building a successful career in loss prevention has always been predicated on the commitment to professional development. Working in a business as dynamic as retail, it is essential that we remain flexible in our methods and progressive in our approach to a global retail market. As the business moves forward change comes quickly, and our skills and abilities must evolve to meet the needs and expectations of a new professional standard.

But true growth must be built on a solid foundation. Especially when we consider the pace of change, we find that success is largely based on the refinement of the fundamental principles that anchor our skills and our decision making. By expanding on our foundation of knowledge, we give ourselves a stronger and more stable base to build upon. By capitalizing on opportunities to enhance our knowledge and education, we are making an investment in our own future.

LPF LogoTo learn more about investing in your career and the certification process, visit losspreventionfoundation.org.

Comments

Leave a Reply

Enter Your Log In Credentials
×

Discover the future of credit card fraud now.

Don’t let the bad guys get ahead of you. Download our FREE, comprehensive LP Magazine Special Report, Credit Card Fraud Detection and Prevention: Lessons on Credit Card Skimming, e-Commerce Scams, and Theft Investigations.

We understand your email address is private. We promise to never sell, rent or disclose your email address to any third parties.

x

Send this to friend