This week’s quick Q&A: Is it better to have all policies combined into one master plan, or have different plans for each policy?
Monthly Archives: January 2016
We can all agree that a compliance management system (CMS) is an absolute necessity. With continual growth of regulations, rule expansion, and federal and state laws — not to mention increased regulatory oversight — workforce compliance is becoming more complex every day.
Here’s this week’s compliance question: How can an automated CMS take into account all the regulations we deal with both nationally and state to state?
Big Benefit 5: Workforce compliance automation reduces the compliance burden on managers Auto dealerships don’t typically have huge HR departments. They tend to run with a lean staﬀ, particularly if the dealership has grown rapidly. In most cases internal processes aren’t built to support the HR team’s need for eﬃciency.
We’re starting out 2016 with a new weekly feature, the Compliance Quick Q&A. Each week we’ll take questions from our readers and get you answers from our panel of authors who have deep knowledge in the field. Here’s our inaugural question: My company is managed by highly ethical people. Why do I need a formal […]
Two case studies of CFPB violations that everyone can learn from What happened? American Express fined $27.5 million and ordered to pay $75 million in restitution to consumers. Citibank is given a $35 million penalty and $700 million restitution.
Big Benefit 4: Workforce compliance automation helps auto dealers reduce, even eliminate, workplace lawsuits Workplace accidents and issues happen, but most can be avoided when employees are informed about auto dealership compliance policies and standards.
We’re starting out 2016 with a new weekly feature, the Compliance Quick Q&A. Each week we’ll take questions from our readers and pose them to our collection of really smart people. Let’s start of with this great question:
Big Benefit 3: Workforce compliance automation increases auto dealer compliance rates For auto dealer compliance, manual methods just ask for trouble: inconsistent, incomplete, and unsigned forms. When managers are forced to monitor and chase down employees who have not completed compliance activities, completion rates suﬀer and consequences of non-compliance begin to rise. Those consequences can […]