Don't retaliate, do reward, do investigate... Thanks for reading! Okay so we'll expand on that a little bit more. We came across an article that referenced a group of researchers that set out to isolate actionable factors that contributed to an ethical organization. It's a pretty broad spectrum to classify. Many would think an ethical organization is made from ethical leadership, how they serve the environment, or what their mission and vision is. But this research team came up with three measurable factors that any organization an use to improve their ethics.
A culture of 'win no matter what' breeds distrust among employees and a lack of faith in management... Guest post by Emma Brown Often times there is an inherent distrust of ethics hotlines in businesses for a myriad of reasons. Too many times workers have been subject to harassment, retaliation or even job termination after choosing to report an unethical or illegal action. An article by Ryan C Hubbs for FRAUD Magazine outlines the 10 most obvious reasons employees distrust the hotline systems in their workplace. We chose a couple of what we believe are the more common and important reasons that need to be fixed to ensure a successful hotline and a happy employee culture.
Why take the risk? Whistleblower hotlines take the bite out of unethical workplace behaviour As any employee knows that the work environment is subject to many of the same ethical challenges that are faced in society. With different types of people, and many different cultures and personalities, unethical behaviour can arise from time to time. Learning how to address issues capably, and deal with them promptly, can keep ensure a company maintains a much more pleasant and comfortable environment in which to work. Business owners have a legal obligation to provide a system to manage issues. Among the most common inappropriate business behaviours of employees, are making long-distance calls on business lines, duplicating software for use at home, falsifying the number of hours worked, or much more serious and illegal practices, such as embezzling money from the business, harassing fellow employees, or falsifying business records.
Industry and public should be able to report concerns anonymously and safely The past 15 or so years have seen British Columbia's real estate prices soar to dramatic proportions. And with increase in housing prices, and the prospect of earning a bigger buck or two on sales of ever increasing home prices, some individuals will seek to exploit opportunities to gain unfair advantage. It's not an unheard of activity - exploiting opportunities to gain unfair advantage. It happens in any industry. But what's happening in BC seems to have global attention. And the general public, and those conducting themselves ethically in the industry, want it to stop.
Growing your business depends on detecting and preventing fraud Guest post by Emma Brown Starting up your own business? You can expect to put large amounts of time, capital and frustration into the project whether it's a labour of love or a money making machine. But no matter what, preventing unethical or illegal incidents that could potentially harm your new enterprise is an important (but often forgotten) step in the process of growing your business. Greiner's '5 Stages of Business Growth Model' suggests the most susceptible time for fraud is during the Stage 3 (Growth Through Delegation) where employee growth takes place.
NPO's are tempting targets for fraud With insufficient to no internal controls in place, NPOs become tempting targets for fraud. Communities rely on the hard work produced by not-for-profit organizations. Unfortunately, not-for-profits are susceptible to fraud. According to the ACFE's Report to the Nations, non-profits see a median financial loss of just over $100,000. This takes away from providing needed programs to communities. Coupled with the immediate financial loss, other long-term costs of fraud include negative publicity and damage to the organization's reputation. This results in a loss of trust among donors and disrupts the NPO’s business operations and ability to perform its mission. The following are 5 warning signs that are worth investigating that could indicate fraud in a not-for-profit organization: