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How Does Compliance Management reduce the strain on HR?
Non-Compliance Can Result In Surprise Penalties and Fees, Dominoing into an Increased Strain on HR
One of the more difficult aspects associated with running a business is the constant threat of non-compliance.
Generally, these rules are made to ensure the safety and success of a business and their staff, but with changes so often implemented to legislation, it is not uncommon for businesses to be fined for not complying with a regulation they weren’t even aware of.
In fact, the term ‘HR’ in itself can encompass anything under the umbrella of administration and anyone who works in this area will know there is more to it than paperwork.
But, what if the different components of HR aren’t communicating with one another?
Payroll, Recruitment, Company policy, etc.
If these aren’t connected in some manner, mismanagement can exacerbate lost time and money.
Software that helps coordinate all of these areas is the ideal solution.
Not a new concept, but certainly an improvement on past systems, compliance software is becoming ever more essential for a strong HR system.
4 Reasons to Add Software Compliance to HR
Adapts to Your Specific Needs
What may be an off-putting aspect to new software for many is customisation. However, with new compliance software, it has been made simple to adapt to the unique requirements of the company.
Instead of doing this through any form of programming, easy tailoring is available to make sure you remain compliant in areas relevant to your administration.
Fitting in with data protection and security checks, these software packages can accommodate all budgets and all levels of management and business size.
Simplicity Through Automation
In order to make the software viable in the long-run, they are commonly made simple with easy-to-use interfaces.
This ensures that complicated tasks can be simplified, enabling updates to be made in-house without a fuss.
Scheduling and reminder tools can help staff remain organised as well as compliant and the improved usability allows for minimal management, with a great return on managing data securely and clearly.
Saves Time, and Therefore Money
What may have taken staff hours or days to achieve, software can speed up, reducing administration time, and helping to spread resources more effectively.
This can be done through automated tasks and scheduled updates reducing the risk of human error and allowing for a quicker turnaround when it comes to documenting management and reporting.
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Tracking Goals and Staff
Set yourself goals and you will be handed reminders.
You can also categorise documentation within these goals to track progress and monitor employee’s personal objectives.
Not only is this a great way in which to track an employee’s entire history with the company for the likes of references or promotion purposes, but it can also enhance staffing policies and procedures.
If certain tasks aren’t met by their deadline, are there changes that could be implemented to alter this?
It’s a way of reflecting upon management.
Manage Risk More Effectively
In terms of recruitment, compliance software can ensure that employees have the right to work.
In fact, it can ensure background checking is undertaken, and can also ensure that new staff are fully trained.
This could be through documentation of what training they have already undertaken and when they should update their skills.
This can really maximise compliance administration and help recruit to the best of your company’s potential.
For a listing of possible compliance software solutions for your company, see SelectHub’s Headerboard on Risk Management & Compliance
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- 4 Ways Compliance Software Can Reduce the Strain on HR
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A product of the 80's, Ben still owns a 1984 Apple Macintosh testifying to his claim to being an original Geeky Kid. His academic background is in business strategy focused around Open Source and software development methodologies.
Ben spent 10 years in purchasing and supply chain management (including as a director of Media Tools PLC) and lists his "Likes" as tech, entrepreneurship and innovation, writing, positive 'can-do' people and anything that goes fast, bang or risks life and limb (among other things, he has been an enthusiastic skydiver).
You can reach Ben via email, social media, or by leaving a comment below...
Latest posts by Ben Stoneham (see all)
- 4 Ways Compliance Software Can Reduce the Strain on HR - Fri, 21-Apr-2017