Why Compliance is Important

Corporate compliance programs are a formal system of procedures, guidelines and rules that ensure employees are staying on the correct side of the laws, rules and regulations governing your organization. Such programs protect the company from potentially harmful press, liability and hefty fines but they can also help the organization reduce waste, identify fraud, prevent discrimination and a host of other practices that can put the business at risk.

“Handling compliance properly in the “On and Off boarding” process is critical at CSS and unique to each of our clients. Because we understand the industry you’re in and the details of the job description, we can share what other companies have prioritized as compliance. At the end of the day, our clients should have consistency with their workforce, both direct and contingent labor!” says Sharon Tsao, CMO, Contemporary Staffing Solutions.

However, compliance isn’t just about following the rules and navigating red tape in order to save the company money.  A culture of compliance can actually help your employees do their jobs well, keeps customers happy and allows the organization to hit its strategic goals.

Compliance As A Vehicle for Strategic Success

Because compliance is synonymous will following rules, it is often associated with red tape. Employees may complain that following compliant procedures takes too long, requires too many steps and generally wastes time. However, compliance can actually contribute to the performance of the organization in several ways.

First, compliance can help improve operations. Typically, technology is a facilitator of compliance. The most updated tools are aligned with current regulations and best practices. Those tools also tend to be much more efficient and allow employees to do much more with their time. The right technology can actually cut out redundant procedures related to compliance while improving accuracy, giving people more time to focus on strategic tasks.

Compliance can also make an organization more competitive when leveraged as a strategic differentiator. Increasingly, compliance is an important decision factor for customers and organizations looking to build strategic partnerships. Companies that promote a culture of compliance and can assure clients that the company can be trusted to help keep them on the right side of regulations will attract more business.

Finally, compliance ultimately saves the company money. Fines for noncompliance can range from thousands to tens of millions of dollars. The more egregious the issue, the more likely the company will receive negative PR, which could also cost the organization customers. Keeping every i dotted and every t crossed ensures the company won’t experience unforeseen costs.

Are You Ready To Build a Culture of Compliance?

Compliance can often feel like a hindrance to business, but when compliance programs are through and thoughtfully introduced, the company only stands to benefit. Costs, efficiencies and customer relations will improve, positively impacting the bottom line.

If you are looking to build a culture of compliance and you are looking for talent, partner with Contemporary Staffing Solutions. Our team are nationally-recognized experts in staffing and recruiting. Contact us today to learn how CSS can help you achieve your goals.

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Contemporary Staffing connects job seekers to hiring managers nationally in the following professions: Accounting & FinanceCall Center & OfficeHuman ResourcesITSalesforce, and Sales & Marketing.