Code ofEthics in a PayPal Company

Code of Ethics in a PayPal Company
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A code of ethics refers to principles that govern the behaviour and decision of a company. They give a company an idea of the acceptable acts and choices. They provide an overview of how the employees should behave when tackling issues such as conflicts of interests, harassment and safety. The paper outlines an example of a code of ethics that applies to the PayPal Company. It also explores the effects of the system of ethics on daily operations of the PayPal Company. More so, it explains some costs of compliance and non-compliance with the code of ethics. Finally, the paper illustrates the benefits a company achieves by promoting its values or ethics.
NAR’s Code of Ethics for a PayPal Company
The code as adopted in 1913 ensures that the PayPal Company serves the interests of the clients appropriately. NAR’s Code of Ethics is entirely different from non-member licensees in that they exhibit a voluntary subscription to a strict code of ethics.
Impact of the Code of Ethics on Day-To-Day Operations
The law of ethics leads PayPal’s employees into a right path towards making the correct decision. Most importantly, since all workers and clients come from different cultures, the code of ethics issues a consistent ethical compass that aims at guiding the behaviours of the PayPal employees. Furthermore, the system of ethics provides PayPal employees with essential resources needed to encounter situations especially when they require further guidance.

Code of ethics improves the entire organisation as a workplace. For example, it creates overall respect among all the company’s employees. Besides, it gives each PayPal workers a degree of accountability. Therefore, the firm increases its reputation and also sets a higher state for high profits and rapid growth. Individuals work in a manner that they trust each other expecting that they will adhere. Code of ethics enhances the entire public trust and improves PayPal reputations. It also increases the morale of PayPal business workers such that they feel motivated while performing their duties.
Costs of Compliance
The compliance costs include all costs that are associated with administration, planning and obeying the law. The PayPal Company experiences some extra costs such as value-added tax. For instance, the company encounters an additional burden of keeping detailed records that include all input and output tax to enhance its completion of VAT returns. Therefore, to address the above challenge, PayPal Company will have to employ a skilled person in such field, which in fact will be cost- compliance for the company.
Costs of Non-Compliance
Some of the non compliance costs include monetary fines and penalties. Continuous fines and penalties in a PayPal company have significantly affected its share prices. Non-compliance with the code of ethics results in increased costs of recruiting and maintaining better qualities of agreements resources of which they are quite expensive. More so, the PayPal Company experiences a prospective claw-back of bonuses. For instance, the regulators have placed measures to prevent PayPal Company from being rewarded for taking the undue or excessive risks.
Intangible Benefits the PayPal Company Might Gain By Promoting Their Ethics
Some of the intangible benefits that PayPal Company would experience by promoting its ethics include the following. Firstly, the company will be able to maintain a standard moral course in unstable times. There is likelihood that ethics will support the growth and meaning of the PayPal employees. For example, attention to ethics enables the employees to face reality in all circumstances, whether in good or bad times (McNamara, 2018). Most importantly, promotion of ethics will allow PayPal Company to establish a strong public image. In addition, by promoting ethics, PayPal will minimise its acts of criminal which can finally lower penalties and fines.
References
McNamara, C. (2018). 10 Benefits of Managing Ethics in the Workplace – Business Ethics, Culture and Performance. Business Ethics, Culture and Performance. Retrieved 8 April 2018, from https://managementhelp.org/blogs/business-ethics/2010/10/23/10-benefits-of-managing-ethics-in-the-workplace/