5 Hidden Easter Eggs in a
Well-Executed Compliance Program
A well-executed corporate compliance program: that’s the goal for many compliance professionals. And there are a number of tangible benefits that most people can see once you put one in place. Your regulatory risk goes down. The threat of litigation dries up. Your workforce is safer and better educated on the correct things to do and the right times to do them. Easy to spot, right? But I bet you didn’t realize these delightful Easter Eggs are hiding in your finely-tuned program as well.
People make eye contact with you in the hall
People are more likely to chat with you when you don’t sound like a broken record. Your automated corporate compliance program sends reminders about activities, due dates and what’s next. The responsibility for nagging falls on the system, not on you. You can have refreshing conversations about where to grab lunch, instead of the online trainings that haven’t been completed or which forms still need to be filled out.
No more dark circles under your eyes
Those people finally making eye contact with you in the halls will notice how refreshed and well rested you look. This is because you’ve stopped spending half the night worrying about potential exposure and liability. You’ve mapped out a compliance playbook that’s now automated – ensuring nothing falls through the cracks.
You have a seat at the table
When you’re relieved of manual busywork, it’s amazing how much time you have to devote to strategic projects. Spend time keeping abreast of trends instead of tracking down missing attestations. Your Board of Directors needs both a run-down of the organization’s compliance status as well as strategic guidance on where to focus their efforts. The easier it is to pull the reports your board needs, the more time you can dedicate to providing that strategic guidance.
Your compliance program no longer disrupts your life
We all aspire to achieve work/life balance. When your compliance program is available on-demand and “in the cloud” you’re no longer chained to your desk. Pull reports at a moment’s notice. Watch (or develop) a compliance video from a coffee shop. You’re free to access your program when it’s most convenient for you, not when you happen to be sitting in your office. Bonus Easter Egg – this applies to your workforce as well!
Know that you’re working with the best and brightest
A well-executed compliance program goes hand in hand with a healthy corporate culture. And a healthy culture brings scores of benefits. Employee engagement is a big one. So are productivity gains. Not to mention the financial impact to your company’s bottom line. Organizations with healthy corporate cultures tend to attract and retain the best and brightest employees.