What benefits do employees receive from a well developed and implemented code of ethics?

According to the Josephson Institute (2010), there are many benefits from having a well developed and implemented code of ethics. They can be used as guidelines in situations where the ethical option is not obvious. Additionally, a code of ethics helps reiterate its values and core beliefs with current employees while serving as an introduction to new employees. A code of ethics also assists in minimizing inconsistent management standards. A code explicitly outlines the rights and responsibilities of staff members and helps guard against capricious and preferential treatment of employees (Josephson Institute, 2010). Josephson Institute. (2010). Ten benefits of having an ethics code. Retrieved from http://josephsoninstitute.org/business/blog/2010/11/ten-benefits-of-having-an-ethics-code/.