With so many Business scandals, there is always a draping question- was there an opportunity to prevent these scandals?
Organizations, Governments and Agencies have pondered on this question and came up with a solution- Whistle-blower policy. Moreover, the employees can timely inform the stakeholders if they found any misdeeds within a company.
What is Whistle – blower policy?
Law translates “Whistle blowing “as making disclosure in public interest. It is actually a moral duty for employees to disclose any misdeed but the policy is been framed as to protect the disclosure (whistle-blower) and prevent unfair treatment to them.
What is in purview of Whistle-blower policy?
- Criminal activity by any employee
- Company is breaking any law
- Someone is covering up any wrongdoing
- Health and safety breach
Why do you need a Whistle – blower policy?
- Employees need to feel safe raising any concerns without risk of dismissal and victimisation.
- In addition, an organization known to be free from corrupt practices and have such policies in place attract better candidates.
- It prevents both financial as well as reputation losses to company.
What other things to take care?
- Guarantee the whistle blower’s anonymity
- Promptly and thoroughly investigate the concern. Also, incorporate a timescale to address and solve it.
- Encourage employees to raise concern and educate them regarding the policy.
- Also incorporate an arbitration policy, to check whether the whistle-blower has any grounds for the claim and thus prevent misuse of the policy.
While we hope that organizations never need to use whistle-blower policy, they are beneficial to have in place.