Establishing a People Compliance Program offers several key benefits:
Risk Mitigation: By systematically verifying employee credentials and backgrounds, organizations can reduce the likelihood of fraud, misconduct, or other issues that could harm the company.
Regulatory Compliance: Many industries have specific legal requirements regarding employee qualifications and background checks. A structured program helps ensure adherence to these regulations.
Operational Efficiency: Streamlining the compliance process through a formal program can save time and resources, allowing HR and compliance teams to focus on other critical tasks.
🛠️ Key Components of a People Compliance Program
A comprehensive People Compliance Program typically includes:
Background Screening: Conducting checks on criminal history, employment verification, education credentials, and more.
Identity Verification: Confirming that individuals are who they claim to be, often through government-issued IDs or biometric data.
Rescreening or Continuous Monitoring: Regular review of criminal history to catch any changes that may affect their compliance status
Policy Development: Creating clear guidelines and procedures for compliance-related activities, ensuring consistency and fairness across the organization.
Implementing a People Compliance Program is a proactive step toward building a trustworthy and legally compliant workforce. For a more detailed exploration, you can read the full article here: People Compliance Program: Definition, Guidance, and Examples