31 Days to a More Effective Compliance Program

One Month to a More Effective Compliance Program: Day 21 - Ten Compliance Questions To Pose To HR

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As we end this month on the intersection of HR and compliance, I have developed a series of goals and objectives which you might want to use as a starting point for operationalizing your compliance initiatives through your corporate HR function.

  1. How are compliance goals cascaded down to individual workers?
  2. Does anyone complain that your compliance targets are too complex?
  3. How do you deal with repeated compliance failures in a specific business segment or compliance program area?
  4. How does your company show that attracting and developing talent who will engage in ethical business conduct is a top priority?
  5. How long is compliance underperforming tolerated?
  6. What makes it distinctive to work at your company?
  7. How do compliance programs that are not working typically get exposed and remediated?
  8. What key compliance indicators do you use for compliance tracking?
  9. For a given compliance problem, how do you identify the root cause?
  10. What are you doing to retain your top employees from the compliance perspective?

    11. Compliance practitioners continually face the challenge of keeping up with the ever-evolving compliance best practices with little or no budget increase. By asking yourself and of your compliance program these questions you may create a road map to more fully operationalize your compliance regime.

    Three key takeaways:

    1. What are the unique compliance targets you have set and how interconnected are they to your business unit goals?
    2. Use a root cause analysis to determine why compliance initiatives are not successful.
    3. Retraining employees in compliance is an under-utilized tool.

      4. For more information, check out The Compliance Handbook, 4th edition, here.

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      31 Days to a More Effective Compliance ProgramBy Thomas Fox
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