The Role of Compensation and Benefits in Regulatory Compliance Programs
Introduction Regulatory compliance programs are essential for any organization that wants to maintain its reputation, avoid fines, and ensure a safe working environment. One crucial aspect of these programs is compensation and benefits. In this blog post, we will explore the role of compensation and benefits in regulatory compliance programs and highlight their significance in ensuring that organizations adhere to the rules and regulations that govern their industry. According to a report by the Society for Human Resource Management (SHRM), 71% of organizations consider compliance with regulations a critical factor when designing their compensation and benefits packages. This statistic emphasizes the importance of regulatory compliance programs in compensation and benefits. ...