3 Free Tips for Regulatory Compliance
If the best things in life are free, compliance should be one of them.
It may cost your company some time and effort to comply with workplace regulations, but it's nothing like government fines and litigation. Being out of compliance can be dollars-and-cents costly.
So to help control those costs, Forbes offered some strategies to ensure regulatory compliance. Here are three free tips from their experts:
1. Utilize Free Resources
"Subscribe to trusted law firm blogs and attend conferences to help you stay up to date with federal and state policies," they say.
FindLaw, of course, offers legal blogs. But it also rolls substantial resources into free newsletters in targeted practice areas.
2. Focus on Continuous Learning
Lucy-Rivas-Enriquez, a contributor to the Forbes Human Resources Council, says any organization must be committed to continuous learning to be compliant.
She says state, federal, local and industry-specific laws overlap and sometimes contradict each other. You can use Google News to notify you of changes in your industry -- for free.
3. Share Compliance Responsibility Across Teams
Entire teams should share responsibility across organizations, says Diane Strohfus of Betterworks.com.
"Assign various types of compliance areas to different employees, which allows each employee to have a sense of ownership and pride in developing expertise in a specific area," she wrote for the Forbes group.
For compliance, sharing information and responsibility is the best kind of free.
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