Compliance Management & Risk Mitigation
Ensure your business operates within the law. Avoid costly fines and penalties with a robust HRIS system
We understand that operating within the law can be complex, which is why we’ve developed a robust HRIS system to help you ensure compliance and mitigate risks.
Our HRIS system is designed to help you stay up-to-date with the latest regulations and policies, ensuring that your business operates within the law. With our system, you can easily track and manage compliance requirements such as employee training, background checks, and workplace safety regulations. This helps to reduce the risk of non-compliance, which can result in costly fines and penalties.
Our HRIS system also provides valuable insights into your compliance status, allowing you to identify potential risks and take action to mitigate them. This helps to minimize the impact of compliance issues on your business and protect your reputation.
At HRSimplified, we understand that compliance management can be time-consuming and costly. That’s why our HRIS system is designed to streamline the compliance process, reducing the burden on your HR department and freeing up valuable resources. With our system, you can easily track compliance requirements, automate reminders, and generate reports to ensure that your business stays compliant.
Our HRIS system is also customizable to fit your specific compliance needs. Whether you’re in healthcare, finance, or any other regulated industry, we can tailor our system to meet your unique requirements.
Don’t let compliance issues put your business at risk. Get started with HRSimplified today and experience the benefits of a robust HRIS system for compliance management and risk mitigation. Contact us today to learn more.
1. Compliance fines: The cost of non-compliance with employment laws and regulations can be high. According to a study by HR Dive, the average cost of an employment-related fine was $125,000 in 2020.
2. Lawsuits: The risk of lawsuits for non-compliance with employment laws is also significant. In 2020, the Equal Employment Opportunity Commission (EEOC) received over 67,000 charges of workplace discrimination, resulting in $439.2 million in settlements and judgments.
3. Time savings: Implementing an HRIS system that automates compliance management processes can save HR staff time. According to a study by SHRM, HR professionals spend an average of 14 hours per week on compliance-related tasks.
4. Accuracy: Manual compliance management processes can be prone to errors. Automating these processes with an HRIS system can help ensure accuracy and reduce the risk of non-compliance.
5. Employee engagement: A survey by Kronos found that 73% of employees believe their employer should do more to ensure they comply with labor laws and regulations. Implementing an HRIS system that manages compliance and mitigates risk can demonstrate an organization’s commitment to compliance and improve employee engagement.