By Tyson Mickelsen, Marketing —
An Ethics Compliance Officer, or simply an “Ethics Officer”, is a growing trend among organizations. Their role is to oversee the rules, regulations, and policies within a company. The goal is to ultimately improve the ethical behavior of employees.
The recent scandal with Wells Fargo shows how unethical behavior can be quickly self-justified. According to Fortune, Wells Fargo returned $2.6 million and had to pay $186 million in fines. As such, fraud is a serious cost to business. Would an Ethics Compliance Officer have helped Wells Fargo avoid creating fake accounts?
Ethics Compliance Officer Tools
Currently, Ethic Compliance Officers have a few tools at their disposal:
- Investigative Interviews – Just like the title sounds, an investigative interview is an interview to analyze a claim. For instance, imagine a case where an employee claims to be sexually harassed by another employee. Investigative interviews are then performed among both individuals involved in the claim and with other witnesses (if there are any). Ethics Compliance Officers must rely on non-verbal cues like looking away or covering the mouth. Clearly, the interviews can quickly become a “he-said, she-said” nightmare. How would you rate your ability to tell if someone is lying? Probably not that high.
- Integrity Tests – These tests examine a person’s tendency to be honest and ethical. Integrity Tests have come a long way in the past 5 years, but are still short of detecting the truth with high levels of accuracy.
- Polygraph – Under some circumstances, lie detectors can be used in investigations at private companies in the U.S. Not only do polygraphs have major legal implications, the tests are slow and extremely expensive. Just one polygraph can last 1-2 hours and cost up to $2,000. Obviously, a polygraph test is not an option for most organizations.
A New Tool for Ethics Compliance Officers
Even though Ethic Compliance Officers are more common in organizations, their tools to maintain a culture of ethics is only at the beginning stages of development.
However, EyeDetect is a new tool for Ethic Compliance Officers. EyeDetect is a next-generation lie detector that measures subtle changes in eye behavior. Some of the benefits of EyeDetect include:
- 86% accuracy
- 30-minute tests with results in 5 minutes
- Low cost
- Scalable: quickly test multiple candidates
- Easy to use: candidates answer true/false questions
- Analytic Dashboard: see all the results in one place
With EyeDetect, Ethic Compliance Officers can quickly screen individuals involved in a claim or routinely examine employees with policy compliance. Learn more about what EyeDetect can do.