What is Compliance?
In general, compliance means conforming to a rule, such as a specification, policy, standard or law.
Most industries require that this is apart of your day to day tasks – some moreso than others.
Are you compliant?
When you are managing a business, your mind is probably more focused on the customers, the level of service, and the margin of profit. Ensuring compliance with government-mandated regulations may be the furthest thing from your mind.
But being compliant means that you have done the following:
1. Reduce legal problems
2. Improve operational efficiency and safety
3. Enhance Public Relations
4. Foster Customer Trusts
5. Better Employee Engagement and Retention
6. Help to realize the company’s mission
Every business owner should want those and more.