Delivering on Risk Management and Continuous Compliance in a HR Environment
HR compliance is essential for every organization, but achieving and maintaining compliance is often an elusive goal. There are numerous laws and regulations governing the employment relationship that HR professionals must understand and navigate in order to help ensure their organizations avoid costly fines and other penalties, including the potential harm to the organization’s reputation.
Today, we are seeing more businesses are moving towards a more dynamic approach to identifying, assessing and managing risk, in order to help their businesses become more risk resilient. The use of technology is often at the core of this approach. SAP SuccessFactors Learning Management System (LMS) is one such technology that can help you improve regulatory compliance and lower your legal risk.
Learning Management Systems may be deployed for a variety of reasons including career development, sales training, operational training, safety training, partner/supplier training, and compliance risk.
Compliance requirements for organizations often differ based on the industry sector, regulatory environment and location, hence the importance of being able to keep track of the progress of individual employees, departments and your organization as a whole.
In this blog post, we looked at how SuccessFactors Learning Management System can enable compliance and mitigate against risk As outlined, it is a powerful tool that has all the features and functionality to help you deliver on your compliance training needs, whilst also making training easier for your employees.
Gavdi provides solutions that help companies to streamline and automate risk management across their HR processes. If you would like to find out more, reach out to us at www.gavdi.com to speak with one of our specialists.
Deepak Pardeshi is a senior SAP HR SuccessFactors consultant and has been working in the HR world for over 10 years across multiple industries and sectors. He is a Content Development Specialist & an expert in SuccessFactors, specializing in Learning Management System and Succession Management.