Sunstone HR (HR Consulting)

By Rod Lacey, MySilentWhistle / Sunstone HR Are you considering implementing a whistleblower hotline? Believe it or not, a whistleblower hotline is actually quite an easy and economical tool to incorporate into your corporate governance. Fraud, waste and abuse can all be detected early by incorporating a system for reporting ethical shortcomings. Additionally, if employees are able to report on wrongdoing anonymously, the organization will learn of the challenges earlier than they would have otherwise. Public companies are required to have a whistleblower program in place to satisfy SOX. However, even if your company isn't public, a hotline can still benefit any organization. In fact, smaller companies suffer more fraud and other wrongdoing than their larger public counterparts, so having a whistleblower program in place makes good business sense. Here are some of the key benefits an organization and employees will experience after implementing a ethics hotline: Learn of...

By Rod Lacey, MySilentWhistle / Sunstone HR According to multiple fraud studies conducted by the ACFE, the most effective method for reducing workplace fraud is the application of an ethics hotline . Hotlines allow and encourage employees, customers and others to report corruption and wrongdoing. Tips received through hotlines are the most common way fraud is uncovered, and the promise of anonymity is an important ingredient in opening the doors for information flow as wide as they should be. So, it definitely makes sense to have a third-party compliance hotline. If you don't have one, you should get one. (If you're wondering where to start, check-out MySilentWhistle ) Rolling out a whistleblower program should be presented in the right way, however, if the organization hopes to get the most out of the new tool. Whistleblowing has had a historical reputation of being a "snitch" behavior, but recent publicity has significantly opened these doors and these ...