Federal regulations and compliance frameworks, such as the Sarbanes-Oxley Act and SOC2, continue to evolve and require certain companies to have a whistleblower platform that can be used by internal personnel and external users. Although requiring companies to implement a whistleblower hotline will hold more companies accountable, these regulations and compliance frameworks don’t provide guidelines on how exactly to choose a vendor.
There are quite a few options to choose from in the market, but picking the right whistleblower hotline vendor is crucial. Most whistleblower hotlines will satisfy the federal regulations and compliance frameworks, but the right whistleblower platform will help generate additional reports and help surface underlying issues.
Before we get into how to choose a whistleblower hotline vendor, let’s talk about why a whistleblower hotline is essential.
There are constantly new articles coming out about underlying issues at well known companies, such as discrimination at Pinterest and Google employees demanding their employer to stop protecting bullies. Industry experts estimate that 63 percent of a company’s market value is attributed to its overall reputation, and by having these underlying issues surface publicly, the company’s value inevitably drops. Most notably, WeWork’s valuation dropped by $39 billion following the controversy with its founder, Adam Neumann.
If company valuation is tied to public perception, then it is in every company’s best interest to focus on addressing underlying issues before they publicly surface. Human resources and people operations aren’t necessarily thought of as revenue generating departments, but by building a psychological safe workplace with a culture of proactively receiving and addressing feedback, these departments can improve the public perception and the value of their companies.
There are quite a few considerations when picking the right vendor. Let’s go through each:
Choosing the right whistleblower vendor is a big decision. The right vendor will help uncover underlying issues before they become public fiascos, which will ultimately protect your company’s brand value. While vetting whistleblower hotline vendors, make sure to take a look at their features, integrations, partnership services, and usage & trust.
Look no further though as AllVoices excels in all of these categories!
The AllVoices platform is hotline compliant yet more modern, mobile, and user-friendly than a typical whistleblower hotline. It is a simple, cost-effective solution to ensure that your company is up to date with hotline requirements and values of a modern workplace. We put trust, compliance, and customization first, in a way that allows your people teams to ensure that your company’s feedback culture and public perception remains strong.
We’d love to give you a demo of our product and showcase how our product will address your whistleblower hotline needs.
Federal regulations and compliance frameworks, such as the Sarbanes-Oxley Act and SOC2, continue to evolve and require certain companies to have a whistleblower platform that can be used by internal personnel and external users. Although requiring companies to implement a whistleblower hotline will hold more companies accountable, these regulations and compliance frameworks don’t provide guidelines on how exactly to choose a vendor.
There are quite a few options to choose from in the market, but picking the right whistleblower hotline vendor is crucial. Most whistleblower hotlines will satisfy the federal regulations and compliance frameworks, but the right whistleblower platform will help generate additional reports and help surface underlying issues.
Before we get into how to choose a whistleblower hotline vendor, let’s talk about why a whistleblower hotline is essential.
There are constantly new articles coming out about underlying issues at well known companies, such as discrimination at Pinterest and Google employees demanding their employer to stop protecting bullies. Industry experts estimate that 63 percent of a company’s market value is attributed to its overall reputation, and by having these underlying issues surface publicly, the company’s value inevitably drops. Most notably, WeWork’s valuation dropped by $39 billion following the controversy with its founder, Adam Neumann.
If company valuation is tied to public perception, then it is in every company’s best interest to focus on addressing underlying issues before they publicly surface. Human resources and people operations aren’t necessarily thought of as revenue generating departments, but by building a psychological safe workplace with a culture of proactively receiving and addressing feedback, these departments can improve the public perception and the value of their companies.
There are quite a few considerations when picking the right vendor. Let’s go through each:
Choosing the right whistleblower vendor is a big decision. The right vendor will help uncover underlying issues before they become public fiascos, which will ultimately protect your company’s brand value. While vetting whistleblower hotline vendors, make sure to take a look at their features, integrations, partnership services, and usage & trust.
Look no further though as AllVoices excels in all of these categories!
The AllVoices platform is hotline compliant yet more modern, mobile, and user-friendly than a typical whistleblower hotline. It is a simple, cost-effective solution to ensure that your company is up to date with hotline requirements and values of a modern workplace. We put trust, compliance, and customization first, in a way that allows your people teams to ensure that your company’s feedback culture and public perception remains strong.
We’d love to give you a demo of our product and showcase how our product will address your whistleblower hotline needs.