Quick Q&A: What’s better, a master policy plan or separate ones?
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?
Month: January 2016
Workforce Compliance Automation in the Real World: Is it critical for your CMS?
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.
Quick Q&A: How does an automated CMS deal with National and Regional Regulations?
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?
Ethics Case Study Discussion: DraftKings
Backgrounder DraftKings is an online fantasy sports provider that allows players to enter daily and weekly contests. Players earn money by competing against other teams on the site.
How to keep your head above water AND your dealership compliant
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.
Quick Q&A – We’re ethical already. Why put it on paper?
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 […]
How to Avoid Disastrous Million-Dollar CFPB Penalties
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.
How to keep disciplinary procedures from becoming thorny claims for your dealership
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.
Quick Q&A: Does an automated CMS help lenders with in-house collection services?
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:
Are you asking for trouble? Poor dealership compliance rates can hurt.
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 […]
