Is your health and well-being, or that of your employees, being affected by the prolonged effects of high compliance stress? In this article, I outline how to identify the symptoms of high compliance stress and more importantly, how to treat the causes without affecting compliance performance. What is compliance stress? Ever since the GFC in 2007 organisations worldwide have…
Skyrocketing compliance risks and costs are exposing many businesses to crippling regulatory penalties, reputation damage and lost revenue opportunities. Little wonder many managers view compliance as a millstone about their necks rather than something that adds value. But what if we could turn this negative mindset around? What if we could transform business compliance into a competitive advantage? The first…
In recent years, compliance benchmarking has become very popular in heavily regulated industries such as banking, health and aged-care. But how useful are these schemes, really? The truth is most organisations, particularly those in the service-sector, achieve compliance in totally different ways, so setting benchmarks based on industry-best-practice makes little sense. Furthermore, compliance benchmarking is subject to a number…
Leading aged-care professional Andrea Waring warns that residential aged-care providers must not let down their defences in response to the current low-levels of COVID-19 infection in Australia. Andrea stresses that aged-care residents will continue to remain at the highest end of the COVID-19 risk spectrum until the virus is completely eliminated or brought under control, which is still some…
In today’s highly regulated business environment boards and executives are desperately seeking help from their spiralling compliance risks and costs. Have you got what it takes to come to their rescue in 2021? Have you got what it takes to become a compliance superhero? Superhero Qualities and Traits To become a compliance superhero in 2021 you will need to exhibit…
Over the past two decades, enterprises worldwide have experienced significant increases in their regulatory oversight and reporting obligations. At the same time penalties for non-compliance have increased to the point where they can seriously affect an enterprise’s reputation and viability. In 2014 many of the maximum penalties under the Protection of the Environment Operations Act, 1997 (NSW) were increased…
13th October, 2020 – Melbourne-based technology companies Compliance Master and Sentrient have announced a new partnership that provides customers a complete end-to-end compliance solution. Under the new partnership arrangement Compliance Master customers will be able to seamlessly link their compliance assessment results to supporting compliance evidence located on Sentrient’s HR management and on-line training platform, including; Policy documentation Work…
Premier Daniel Andrews believes Victoria’s second wave of COVID-19 outbreaks are linked to a workforce that is becoming more casualised or what he calls “the structural weakness in our economy … insecure work”. So why would the Premier say this and more importantly if its true what can governments and employers do to mitigate this risk going forward? To…
Here are 4 tips I’ve put together to help board-members and executives reduce the high stress levels being experienced by their compliance personnel. Over the past two decades enterprises large and small have experienced a significant increase significant increase in government laws and regulations, regulatory oversight, higher penalties and fines for non-compliance and more stringent reporting requirements. Little wonder…
Is your health and well-being, or that…
Skyrocketing compliance risks and costs are exposing…