Why Do We Need a Robust Whistleblowing Management Tool?
The reporting of wrongdoings in a competitive workplace could be a daunting task. The role of reporting the wrongdoings is to highlight the matters of fraud and corruption preventing issues leading to catastrophe. A well- defined whistleblowingmanagement tool is a system of the emerging technologies aimed at safeguarding the whistleblowers who risk their safety in order to raise the alarm.
Whistleblowing is here again!!! Better work ethics and encouraging work environments are guiding employees to justify their personal beliefs alongside the company’s. This further has evolved a transparent working culture where interests are nurtured and protected. However, such fruitful ground of performance sometimes became the core of disagreements and dissatisfaction as employees discover or feel the instances of malicious or unproven allegations that could pose a serious threat to company's goodwill. Also, if unnoticed such events could put the company at the risk of confidential business information loss to competitors, regulators or the media.
Evidently, revealing wrongdoing is equally a serious concern for employees as they have to weigh the consequences of public disclosure as retaliation can lead to job loss and humiliation and there is little one could attain from blowing the whistle.
The concerns of individual safety and protection have forced governments and organizations around the world to recognize the sufferings and challenges of whistleblowers. Resultant, a number of laws and provisions have been passed for assisting employees to voice their issues without any fear. These legal remedies even help in strengthening an entity's structure and management against corruption crimes. Interestingly, these laws and provisions vary globally as different jurisdictions have different approaches and difficult to match the expectation everywhere. In many countries, companies have embraced the advanced system of whisteblowing management process by allowing companies to implement cutting-edge whistleblowing software that allows a better scope and outcome for both, the company and the whistleblower.
The Need for a Robust Whistleblowing management process and Whistleblowing management tool:
As a watchdog system, it helps in deterring malpractice and wrongdoings for better productivity and performance.
A whistle blowing system is a catalyst to protect employees and other relevant parties.
It serves as a necessary medium to meet the regulators’ expectations, as applicable.
Whisleblowing system is an effective medium to check the internal control and balance. Also, it effectively avoids any chance of potential external disclosure.
Having a great system at work ensures employees that wrongdoings and malpractices will not be tolerated and thus, employees can get a sense of justice and transparency.
It acts as a public relation strategy and enhances the employer’s goodwill.
Whistle First is India’s leading whistleblowing management system provider, using world class whistleblowing management tool. We offer a simple, accessible and progressive approach to companies as well as whisteblowers. Driven by a passionate of individuals, we offer a wide range of agile services and solutions for our esteemed customers. Our working mantra is to provide 24 X 7 complaint reporting platforms and means of communication.