Do You Know the Cost of Workforce Non-Compliance?
In today’s whirlwind regulatory environment, organizations of all kinds are under pressure to balance workforce compliance and growth. Whatever percentage of your company’s budget is dedicated to workforce compliance, you may need to continually make the case for why meeting ethical and legal obligations is worth the investment. It can be wearying to justify and explain the matter to leadership in terms of the bottom line—it’s one of the ways in which compliance can be a real bummer sometimes.
So, if you’re someone in charge of compliance and you’re experiencing buy-in fatigue, let’s approach the issue from a new angle. Rather than thinking about the cost of compliance, why not consider the cost of workforce non-compliance?
Take the Short OCEG Survey
If you have 10–15 minutes available today, I encourage you to participate in a brief survey administered by the Open Compliance & Ethics Group. Through a series of 20 questions, you’ll be asked about your company’s approach toward compliance implementation, reporting, investigations and resolutions, as well as where you feel your strategic initiatives succeed and where they could stand to be improved.
Following the survey, you’ll receive a free report that will allow you to compare workforce compliance costs against your peers, see how much organizations with smart compliance programs are saving and evaluate how you can automate your compliance initiatives.
Each participant’s results depend on the number of people contributing their information to survey, so help others as you help yourself. Be sure to take the survey at your earliest convenience, and please help us spread the word by sharing the link with your friends and colleagues.
Stay Tuned for the Results in November
Your free report is just the start of this examination into the costs of workforce non-compliance. Join us on November 16th for a webinar in which we’ll share the preliminary findings of the survey.
We’ll go over data points such as…
- How many companies feel confident that their workforce compliance programs are cost-effective?
- What is the average time it takes to prepare and provide information for a typical internal investigation?
- How many instances of suspected workforce non-compliance were investigated in 2015?
We’d like to thank our partners at OCEG for running this survey and sending it out. If you’ve missed OCEG’s other recent content, make sure to check out the “Balance Your Compliance Program” Infographic and the accompanying roundtable interview in GRC Illustrated. And don’t forget to take the survey and determine the cost of workforce non-compliance at your organization. Your CFO will thank you!