Equity Practices as a Tool Against Internal Frauds: Insights from Bengaluru MNCs

Abstract

Fair treatment for everybody is referred to as equity. Understanding the wants and needs of every individual at least to the maximum possible level is well appreciated in the corporate world. This ensures the employees that they feel valued in the organization and become ready to contribute to the organization in the long run. The company must find out the systemic barriers that are existing between employers and employees and employees themselves. There might be inequities at every level of work in terms of pay, promotion, recognition, equitable opportunities, inclusiveness, work-life balance, coordination, unwanted competition among employees etc. All these issues if left unsettled might first lead to lack of motivation in the short run and convert into unethical behaviour of an employee. As the corporates are witnessing many fraudulent activities and internal frauds are mounting despite so many actions to fight fraud is being taken. Lack of motivation and support from the management might lead to these behavioural red flags in the employees, which is very dangerous. Hence in this aspect, our research focuses on establishing the variables of Equity like Pay, Career advancement and health & well-being in preventing the frauds. The research has established correlation between the variables, conducted regression test and chi-square test to find out the possibility of employees help in identifying the red flags and turning to be a whistle blower to prevent frauds. The results show positive association between the variables, hence companies can focus on ensuring equity in the workplace to reduce internal frauds.