Ethics and Human Resource Management Practices: Insights from Indian Unicorn Startups

Abstract

In the dynamic landscape of the corporate world, ethical dimensions of human resource management (HRM) practices have emerged as a critical focus of interest. As the unicorn startups in India continue to flourish, the ethical considerations within HRM practices have gained significant relevance. Ethical HRM practices have become an integral part of their identity as they set new benchmarks for innovation and corporate culture. This research seeks to understand the interaction between ethics and HRM practices prevalent in the Indian unicorn startups. It investigates the ethical frameworks comprising recruitment, decision-making, retention, and corporate culture within these startups. This research aims to act as a reference and guide unicorn startups toward a future where ethics are not just a part of their HRM practices but an integral part of their existence and success. The study highlights the impact of ethical HRM on organizational performance, employee engagement, and job satisfaction. This research contributes significantly to the ongoing discussion on ethics in HRM in the context of Indian Unicorn startups and the broader business community. It establishes that ethical HRM practices foster sustainable growth, and help to retain talent. In essence, this study sheds light on the ethical dimension of the HRM landscape within Indian Unicorn startups. Its findings not only provide actionable insights for these startups but also serve as a foundation for future research. The ethical dimensions explored here will certainly shape the future of HRM practices.