Whistleblowers actually have a lot of power. They just aren't aware of it. In a recent survey by the Ethics & Compliance Initiative, nearly a third of participants who were surveyed, who did witness misconduct, chose not to report it.
Today is National Whistleblower Day. There are so many whistleblowers in history who who stood up about misconduct and spoke up to tell their story. They did this because they knew it was the right thing to do. But it wasn't easy.
Why are some companies so reluctant to change from one vendor to another? Especially when the existing vendor makes a company feel nothing but frustration? The biggest culprit is likely fear. Fear of the unknown. Fear of the work involved in moving from one vendor to another. Fear of 'what if we made the wrong decision'? But in the back of your mind, and in the interest of the company, you are coming to the conclusion that your organization needs to start looking for a better alternative to manage your ethics hotline. But that ol' fear kicks in!
Employee fraud is expensive. Whistleblower hotlines are not. You might think that when it comes to fighting fraud in the workplace, that the best methods are too expensive, too high-tech, or too complicated. Turns out, the best way to fight fraud actually starts with a tip.
Considering implementing a whistleblower hotline? Effective compliance programs should have an ethics reporting hotline. It's an effective means of communication between employees and management, allowing employees to bring forward ethical concerns to the company rather than reporting externally to media, or other agencies. A recent article explains that confidence in using a reporting hotline is a result of both the employee and company not being known to each other.
Many companies have already implemented an ethics reporting program. Others might be thinking about one for some time in the future. And still others may not have even considered it. A common belief is that organizations think these programs are too expensive, or that they just don’t need one. With what seems to be a continued onslaught of corporate scandals in the media, ensuring that existing compliance programs are working correctly, or that newly implemented programs get off to a stellar start, to not have an ethics reporting program in place could be detrimental.