Importance
of whistleblowing Policy of an Organization
Ø What is Whistleblowing Policy and its definition?
Whistleblowing is very essential tool in an organization as
all organizations are expecting honesty from its employees.
Whistleblowing in Business is when an employee voices their concern or raise voice
against any wrong doing, illegal act or practice that is happening which may
harm the company business or reputation defined as whistleblowing.
The person or employee who raises his voice is defined as whistleblower.
The wrongdoing can be in the form of any misconduct, fraud, misrepresentation of data, any kind of discrimination etc. The whistle-blowing is done to protect an institution’s or a company's reputation. The Companies now motivate their employees to blow the whistle in case of any illegal activity or wrongdoing which may risk the prestige of the company or put the organization in trouble. Whistleblowing sometime becomes a problem issue as well for the employee therefore most of them avoids coming in front or get noticed.
Ø
Difference between a complaint and Whistleblowing
Ø
Why employee hesitate to blowing a whistle
There are certain reasons because of them, employee hesitate
to blow the whistle, the reasons are
• Life threat
• Loss of job or Transfer
• Revenge
• No increment given
• Fear of Losing Friendly relations
Ø Types of whistleblowing
Internal Whistleblowing:
An employee raises concern over any
wrong doing within the organization. The reasons can wary and can be
indiscipline, disobedience, improper of mis conduct etc.
External Whistleblowing:
When any illegal or wrong doing
against the company or against the management of the company is raised outside
the organization it is known as external whistle blowing
Ø
Benefits of whistleblowing:
• Increased security of
organization: By implementing whistle blowing process and procedure in
an organization where employees fear of being caught and punished hence
preventing any wrong doings in an organization.
• Increases the image of the organization: Company’s commitment towards following the ethics and code of conduct increases the image and reputation of the organization outside.
• Advance the management: The whistle blowing policy ensures that the Management which adheres to moral standards will be successful always.
As discussed, whistleblowing is very important in preventing frauds and potential threats in an organisation. It also helps to minimize risks and costs. When frauds are detected early, it will prevent additional costs of resolving them. Good article Asela.
ReplyDeleteBy implementing a whistleblowing process and procedure in an organization where employees fear being caught and punished hence preventing any wrongdoings in an organization. Good Luck
ReplyDeleteThe purpose of the whistleblowing policy is to encourage employees to work in good faith toward the company's goals and objectives. In order to prevent any type of wrongdoing within the organization, it is essential to have a whistleblowing policy in place.
ReplyDeleteGood job Asela..
The whistleblower policy's goal is to motivate employees to work honestly toward the company's goals and objectives. It is critical to have a whistleblowing policy in place to prevent any form of misconduct within the organization.
ReplyDeleteThis essay discussed a debatable topic which is promotes a culture in which misbehavior may be handled early, perhaps before regulatory action or reputation harm; a whistle blowing policy can also remind employees of their obligation of secrecy to their company and clients. It is proposed to have a better whistle blowing policy for every organization.
ReplyDeleteWhistleblowing is particularly significant in preventing frauds and potential threats in a business since it allows employees to disclose or tell management the facts and put a stop to all unethical, immoral, or illegal work. It also aids in the reduction of risks and expenditures. Well written blog..
ReplyDeleteAs said, whistleblowing is critical in preventing organized fraud and possible dangers.
ReplyDeleteIt also aids in the reduction of risks and expenditures.
When frauds are caught early, additional expenses of addressing them are avoided.
A whistle blowing policy can also remind employees of their commitment of secrecy to their firm and clients. You have discussed a controversial topic that encourages a culture in which misconduct can be dealt early, perhaps before regulatory action or reputation harm; Every firm should have a better whistleblowing policy. I agree with you
ReplyDeleteAs mentioned, good whistleblowing policy encourages a culture where wrongdoing can be addressed quickly and potentially before any regulatory action or damage to reputation. Good blog
ReplyDeleteThe purpose of the whistleblowing policy is to encourage employees to work in good faith toward the company's goals and objectives. In order to prevent any type of wrongdoing within the organization, it is essential to have a whistleblowing policy in place.
ReplyDeleteGood article Asela
Purpose of the whistleblowing policy is to encourage employees to work in good faith toward the company's goals and objectives. Accordingly informing a misconduct to a relevant authorities with providing confidentiality of the employee will enable the organization reduce related cost and risk. You have nicely differentiate the concepts of complaints and whistleblowing. The process to be implemented with utmost faith and transparency in order to reap it’ s real benefits. Nicely written article. All the best.
ReplyDelete