Neglecting business compliance is a massive mistake. Your company reputation and profitability is at risk if your company is in hot waters for non-compliance. Regardless of the size of your business, nearly all businesses have compliance laws and regulations in place.
- Not staying up-to-date
One of the most common mistakes businesses make is not keeping up to date with rules and regulations. Over the years, the number of laws has significantly increased and many existing ones have been updated.
Here’s a list of the most common policies:
- GDPR
- Health and safety
- Stop and search
- Driver handbook
- Medical fitness declaration
- Not handling paperwork correctly
It sounds like we’re stating the obvious, but when recruiting new employees many businesses fail to check the correct right-to-work documents, fail to record their documentation – failure to store records correctly and securely can cause you legal issues.
- Failing to stay complaint during rapid growth
When a business experiences rapid growth it can turn into a compliance nightmare if you fail to properly keep up. As an organisation evolves, it becomes imperative to proactively manage and adapt compliance processes.
Be confident with compliance with Wise
At Wise both our platform and our team is here to help protect your business.
Our compliance team is on hand to offer guidance on best practices surrounding contracts – they have already saved clients thousands of pounds by assisting in winning status arguments. Whilst the Wise Platform can provide you with:
- SLA re-sign reminders – Every 10 months users are prompted to re-sign their Service Level Agreement discouraging claims to employment rights
- Document storage – Ability to store every document you need with unlimited storage at no additional cost
- Audit packs – All documentation that has been collected can be downloaded into an audit pack for quick access.
- Expiry Hub – one central place to manage expiring documents and collect updated documents ensuring continued compliance!
Need help with compliance? Speak to a member of our team here.
