Business owners and leaders will find it difficult to maintain compliance, but with proper knowledge, approaches, and compliance training for employees, you can improve your compliance while gaining new insights and boosting performance.
One thing you must learn about when it comes to compliance isn’t just the compliance training courses to conduct, but the issues compliance comes with. Read on to learn more about the issues companies can come across when it comes to compliance.
- The Post-COVID Workplace
Because of the pandemic, numerous businesses have experienced disrupted operating models, to the point things can never be the same again. Employee expectations have forever changed, with many employees preferring the remote work setup.
What does that fact mean for staff compliance? It means you’ll need to review compliance risks on a long-term basis. Because employees are physically and psychologically distant, it’s crucial to instill the proper culture and manage conduct risk in remote workers. There are many and varied issues here, with solutions and considerations to follow such as:
- Reinforcing ethical principles
- Re-evaluating talent retention
- How to measure productivity
- Strategizing COVID-19 safety for employees going back to the office
- Setting up hybrid working strategies
- How to onboard new staff
- Company Culture
Companies must be aware of the key culture and governance-related factors, which are diversity and inclusion. While there are many societal pressures for companies to become transparent with such subjects, there is an even higher regulatory pressure. Here are ways to strengthen the company culture and emphasize diversity and inclusion:
- Review your existing diversity and inclusion policies
- Collect and analyze data
- Track your outcomes to monitor career pathways and progression
- Employee Wellbeing
The COVID-19 pandemic has been a challenging time for employees. Many struggles with the higher cost of living, overwork, uncertainty, and other challenging situations at home. Many end up experiencing exhaustion and burnout.
This is why companies must consider moving away from the traditional well-being model focusing on injury and accident prevention. Rather, they must strike a balance between physical and mental well-being, providing a holistic approach incorporating mental well-being to prevent burnout, stress, and any conflicts. Here are things you can do:
Reconfigure the workplace, allowing people to reconnect and rebuild rapport.
Make appropriate adjustments for employees affected by the COVID-19 pandemic by having breakout areas, rest facilities, and even short working days.
Consider offering bereavement policies.
- Compliance Resilience
The issue here is on lockdowns, staff quarantines, and hybrid work models. This pandemic tested company resilience to the greatest extent, though there is more to do to demonstrate resilience.
Companies must identify the critical services operated and demonstrate how they remain operational during tough times. Moreover, companies will identify impact tolerances, which can help prevent system failures and outages. It’s expected for companies to produce and implement communication plans to accompany internal and external disrupted services, as well as how such plans operate in practice.
Wrapping It Up
Now that you know what the major compliance issues are, it’s time to prevent and solve them!