A good employer should treat employees with respect,respecting their work,as well as respecting their effort.More importantly,they should understand that everyone could make a mistake,so they should be able to give employees second chance to make up their mistakes.
A good employee should consider the company as part of his or her family,and they need to work hard in order to help the company get better and better.
(again...I do not know what you need exactly,how many words do you want?PLZ,next time,state clearly what do you need in order for us to help you better...)