Last week we asked you, our Asia-Pacific readers, how your organisation manages policies to ensure compliance with complex legal regulations.
The results revealed an alarming 62% of organisations do not have an effective policy management system and do not track how many employees read and understand their policies.
Of those, almost 50% are organisations employing over 1000 staff leaving them severely exposed to non-compliance risks and hefty fines.
Here are three quick facts your organisation must take into consideration:
- Organisations without an effective policy management system will be penalised in the case of an audit.
- Policy management consumes time and resources. When it becomes the last priority, compliance and reporting is almost impossible.
- All policies should be managed and tracked from one platform to ensure compliance and reporting accuracy.
Check out more results in our infograph below or click here to download a pdf version.
View a video demo of our policy management system, PolicyHub below.