Auto Dealers: You’re Wasting Time & Money Using a “Good Enough” Compliance Program
Take a close look at your dealership’s compliance program. Is it on autopilot? Is your company just checking the box and hoping you’re safe? Is it just good enough?
Your “Good Enough” Compliance Program is
Damaging Your Business
Your People
That’s what an average auto dealer will spend each year in replacement costs from employee turnover.
You’ll have to sell 1,200 more cars to cover this.
Across Your Organization
You’ll lose 25 people each year.
Focusing Just on Your Sales Team
You’ll lose 9 people each year.
That’s what an average auto dealer will spend each year in replacement costs from employee turnover from your sales team alone.
Source: NADA Data
Society for Human Resource Management, Retaining Talent
You’ll need 473 more cars to cover this one.
Take Action
Focus on three areas to cut down this exorbitant cost:
Onboard employees well so they understand both what’s expected of them and that they’re an important part of the team.
Keep open conversation going to redirect employees that may have started down the wrong path. Reinforce company goals, values & expectations often.
Provide ongoing training for an opportunity to grow.
Calculate Turnover Costs
at Your Dealership
U
se this handy calculator to see just how much turnover’s costing your dealership.
Calculate Costs
Your Systems
Organizations who use paper based methods for their compliance related activities spent
than organizations that had transitioned to automation.
Take Action
Automate your compliance system to streamline your operations.
Your “Good Enough” Compliance Program is
Damaging Your Bottom Line
Litigation
Take Action
Develop a first line of defense by automating your compliance system. This keeps legal and disciplinary procedures from turning into thorny claims.
Penalties
Gramm-Leach-Bliley Act
Penalties for non-compliance
per violation for officers and directors personally liable.
Telemarketing Sales Rule
Penalties for non-compliance
Or…
Take Action
Develop dashboards by location or supervisory team. These will give you insights and actionable data that help identify gaps before someone identifies them for you.
“Good Enough” Doesn’t Cut It
It Costs Too Much
The status quo hurts. Don’t settle for good enough. Your organization could spend their time and energy building the business and nurturing employees instead of hiring and rehiring or fending off lawsuits and regulators. Or chasing paperwork.
Automate your workforce compliance system so you can spend less time on compliance and more time on cars. Compli can show you how.
Calculate Turnover Costs
at Your Dealership
Use this handy calculator to see just how much turnover’s costing your dealership.
Calculate Costs
