The freedom to raise concerns is a critical component of an open, supportive and ethical business culture. Employees should feel confident they will be encouraged to do the right thing.
According to the Institute of Business Ethics (IBE), ‘speak up’ arrangements are an essential element of good governance and can act as an early warning system for potential risks. Yet more than 40% of European workers fail to report misconduct that they are affected by or witness to.
The most common reason that people cite for not raising concerns about misconduct is that they do not believe appropriate action will be taken by their organization. The second biggest concern is that they fear repercussions that might impact their job. Finally, legacy tools, such as anonymous hotlines are broken and perpetuate a ‘say nothing’ culture.
Vault is a next-generation platform for recording, reporting and resolving misconduct at work.
It empowers employees to feel confident and in control of the process and streamlines the investigation for employers, reducing the workload to reach a meaningful resolution faster.
Vault doesn’t just mitigate financial and reputational risk, it also creates a healthier work environment and it’s one of the most proactive steps any company can take to act meaningfully on Diversity & Inclusion.
For further information please visit: www.vaultplatform.com