How Are You Managing Compliance and Risk?

Posted by Mathew French

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18 November 2021

How easy is it to manage compliance in your organisation? Even if your organisation walks the compliance talk, if it doesn't have the right system in place to identify, manage and mitigate risks it can suffer serious organisational damage, regardless of how compliant it may be. In this week's HR Blog we explore the essential HR art of compliance management.

Managing Compliance is a Full Time Job

People & Culture Managers carry a significant percentage of the compliance management responsibility within any organisation. It is necessary to ensure that both individuals and the organisation as a whole are able to conduct duties in alignment with relevant legislation at all times, and no matter which location employees are working from. This can involve anything from ensuring adherence to awards, using the right contracts, communicating and managing policy compliance, contributing to internal strategies, and even embedding ethical values and mission statements into the day-to-day operation of the business. Add to that the changing nature of work with employees working remotely and there are many possible points of failure that can occur if the right systems and processes aren't in place to manage compliance.

Managing Risk is Harder if Compliance isn't Managed Properly

Risk management is a broader strategy (or coordinated set of strategies) that enable businesses to combat problematic risks (or if at all possible, avoid them entirely). The aim of the exercise is to implement strategies that help the organisation as a whole mitigate a variety of risk factors – which range from commercial and financial, to talent, IT, security and other technological risks.

To manage risk well, you need to manage compliance well. If your compliance systems and processes are aren't digital, auditable, centralised and easy for all employees to engage with, your risk profile increase exponentially. Subscribe-HR's HR Software Platform has a broad range of features and functionality that makes it quick and easy to manage compliance related tasks and processes. From creating and communicating company policies or customising your employment contracts to suit the unique needs of your organisation, to managing the entire employee lifecycle digitally and having an audit trail of every touch point from hire to retire, compliance management is now built in to the way you manage your employees.

To improve our compliance management features even more, we've just release a Compliance Management Widget and three new Wizards, so that you can manage Certificates & Licences, Background Checks and Education & Qualifications quickly, easily and all in once place.

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If your organisation needs a more efficient and effective way to manage and track compliance (and thus minimise risk), then watch the video below, it could transform the way you work!

 

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Want to try it out? Get started right away using our 7-day FREE trial, which gives you no obligation access to the full functionality of the Subscribe-HR platform. 

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Topics: hr software, HR risk, Managing compliance risk, Codeless cloud HR software, Video snapshots, Discovery sessions, HR Software interface, Compliance Management, Education & Qualifications, Certificates & Licences, Background Checks

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