Compliance Management System
Compliance Management System (CMS) Topics: The latest corporate compliance news, tools and insights to keep you cool, calm and compliant.
Without compliance, a compliance management system is, well, a “management system”—which means nothing but overhead. Certainly, a CMS should encompass more than just workforce processes, training modules, and activities, but make no mistake: these elements are fundamental, and shouldn’t be treated as an afterthought.
As humans, we tend to assign greater significance to our negative experiences than to our positive experiences. That’s right—it’s not just you. Social psychologists such as Roy Baumeister, as well as human resources educators such as Robert Sutton, have produced research and articles that confirm this phenomenon. Simply put: bad memories outweigh good ones.
Compliance ain’t easy. But it’s not impossible, either. HR and compliance personnel have a lot to do. Aside from the myriad and constantly changing laws and regulatory bodies, there are technology challenges; consumer complaints; staffing concerns, such as high rates of turnover; the constant possibility of legal disputes with customers and employees alike; and, you […]
The new year is here, and with any luck you’re already eating better, supporting local causes and spending more time with the people you love. But if you work for a finance institution or operate an automotive dealership—and especially if you’re involved in the finance and insurance department—I’d like to suggest another resolution for 2017:
Balanced. Integrated. Automated. Although we endeavor to put workforce compliance topics into language that’s easy to understand, sometimes there’s no escaping terminology. Automated workforce compliance can seem like an altogether theoretical concept unless you’ve experienced it firsthand. We’ve written countless times on this blog about the characteristics of an effective workforce compliance system and which […]
Workforce compliance isn’t what most people (present company excluded, of course) would call a “fun” topic. But on a recent episode of the Masters of Disaster podcast, Our trusty CEO, Rob Warmack shows how it can get pretty darn close. The key, says Rob, is understanding employees’ attention spans and time constraints:
Here’s this week’s compliance question: We’re a third party vendor (a DBO escrow company). Are we responsible for CMS compliance?
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?