A whistleblowing hotline (system) allows your employees to report instances of wrongdoing or to offer improvements without fear or retribution, making them feel protected, safe and valued.
Having an anonymous reporting channel such as a hotline can save companies thousands in money lost to fraud, employee turnover costs and reputational damage/legal fees. Ethics hotlines are usually provided by a 3rd party and take the form of:
- a telephone line,
- an online reporting form,
- a physical or virtual trust box,
- or any kind of anonymous reporting channel.