The unfortunate repercussion many organizations’ struggle with is keeping their compliance programs up-to-date, fingers are often pointed at individuals deemed responsible for managing specific initiatives. This method of management sets everyone up for failure. To be successful, a compliance program should not be owned by one person; it should be owned by the executive team […]
Month: May 2015
Compliance management is more than simply implementing initiatives to meet regulatory requirements. For organizations to be strategic and implement effective compliance management, they must not only monitor and manage risk, but also drive business growth and create a culture of compliance for the workforce.
The Consumer Financial Protection Bureau (CFPB) and the rules and regulations they enforce for a compliance management system, commonly referred to as a CMS, are intricate and multifaceted to understand. This leaves many organizations asking questions about what they need to do to be and remain compliant. The CFPB is actively working to make all […]
Today’s workforce is becoming more diverse by generations and cultures. Employees are working from scattered locations and in different settings. The options for how we deliver and consume information are more varied than ever; email, text, social media, and some of us still use the good old telephone call. As new generations are joining the […]
Modern technology, especially data and analytics, is revolutionizing the way organizations are reviewing and monitoring employee compliance. And technology is great. But, to protect your business from fraud and improve workforce efficiency, you’ll need to strike the right balance between data, technology, human relationships and intuition.
It’s been said that organizations don’t naturally cooperate—it takes real effort on the part of the leadership, namely the CEO, and the senior leadership to achieve true teamwork and remove departmental silos. While difficult to achieve, cooperation is vital, not only in terms of performance, but also for overall workforce compliance and effectiveness. One […]
Today compliance obligation definitions are broadening and are most likely impacting multiple areas within your organization. These evolving requirements create more initiatives and compliance tracking for organizations to manage. It is also increasingly difficult to define who owns your culture of compliance and who is responsible for tracking these initiatives. One common struggle for many […]