Hotline Reporting is a simple and inexpensive, yet highly effective way to educate and empower your employees with the tools to detect and report unethical behavior. This program protects the assets, employees and reputations of your organization, while dramatically reducing the costly consequences of unethical activity in the workplace.
"It won't happen at my organization."
It is easy to think unethical behavior will not occur at our organization or that this type of loss will not happen to us. You may be surprised to learn that, according to a CFO Magazine survey of 800 senior executives, 88% reported their companies were victim to some form of corporate fraud over the past 12 months.
Studies show unethical behavior is much more likely to be detected by tips than by any other method. In addition to preventing financial losses, hotlines can help organizations avoid the emotional strain and reputation damage caused by fraud and other types of workplace related unethical behavior. This type of “loss” is much more difficult to quantify.
Protect. Detect. Deter.
Hotlines help you and your organization identify the following types of activities:
- Unethical Financial Activities:
- False billing
- Misuse of corporate credit cards or petty cash
- Accounting irregularities
- Other types of financial fraud activities
- Unethical Workplace Related Activities:
- Safety concerns
- Substance abuse
- False insurance claims
- Other (Resident/patient safety, quality of care, etc)
Why Implement a Reporting Hotline?
- Employee Satisfaction
Increased employee satisfaction through positive messaging and a safe work environment.
Promote ethical behavior and, with the right tone at the top, ensure integrity in the workplace.
- Identify Trends
Allow management to be proactive versus reactive through identified trends.
- Control Costs and Increase Profitability
Profitability increases due to controlled insurance and avoided workers’ compensation fines and losses.
- Deter and Defend
By keeping record of hotline reported claims, you can deter and defend malicious lawsuits and false claims.
- Prevention or Early Detection of Theft
Hotlines serve as a prevention tool by allowing employees to speak out anonymously without fear of retaliation.
Reputations are protected when problems are addressed before they evolve in to a larger issue.
To learn more, download our information sheet or contact Adam J. Herman, CPA/ABV/CFF, CVA, ASA, CFE