Employees are more likely to report wrongdoings in the workplace, such as fraud, rather than external watchdogs, new research suggests.
Researchers in the US found that workers are on the whole prepared to blow the whistle on dubious practices and criminal activity, particularly if there is a monetary reward involved.
After employees, media sources were highlighted as the next most active fraud detectors, followed by non-financial market regulators and analysts respectively. This is despite the fact that employees generally have the most to lose by unearthing wrongdoings.
Fraud tends to be revealed by people who find out about it in their normal course of business and who do not have any strong disincentive," stated the report, according to Management Issues.
Nonetheless, earlier research conducted by Ernst & Young concluded that employees are by and large wary of the consequences of taking action in this way, suggesting a discrepancy in the general employee attitude in such matters.
Ernst & Young reports that 88 per cent of workers believe that companies should have a code of conduct related to fraud, corruption and bribery.
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