The 2024 Whistleblowing & Incident Management Benchmark Report by NAVEX provides an in-depth analysis of global workplace reporting trends, drawing from 1.86 million reports across organizations with over 50 million employees. Carrie Penman, NAVEX Chief Risk and Compliance Officer, underscores the report's focus on third-party reporting insights, advocating for comprehensive reporting mechanisms to enhance organizational integrity and accountability.
Key findings reveal a record high in report volume and substantiation rates, with 1.57 reports per 100 employees and a 45% substantiation rate, marking the highest in 11 years. Notably, third parties were more inclined to report on business integrity and financial misconduct, accounting for 50% of their reports, compared to 17% from employees. This disparity underscores the varied perspectives and concerns between internal and external stakeholders.
Accounting-related reports, though fewer in number, demand attention due to their potential regulatory implications and association with whistleblower reward programs. These reports are characterized by longer intervals between observation and reporting, lower anonymity rates, and extended investigation durations, highlighting the complexities involved in addressing such concerns.
The report also sheds light on the impact of workplace behaviors, with a noticeable increase in reports related to workplace civility, discrimination, harassment, and retaliation as employees transition back to office environments. This trend emphasizes the critical need for cultivating respectful and inclusive work cultures.
For more details on the report, visit https://www.navex.com. The findings advocate for the adoption of robust reporting systems and cultures that encourage transparency and accountability, essential for navigating the evolving challenges of modern workplaces.
