Businesses need to stay on top of what the biggest issues are in compliance in order to ensure that they are in fact running a tight ship. There are a lot of new problems for society and businesses to face in 2022, having just taken their foot off the gas from Covid lockdowns too. Take a look at the compliance priorities that are at the top of the list in 2022.
Post-Covid workplace
With so many people reassessing how they work and who they work for in their careers during lockdown, we saw a lot of consequences. Managers either had to deal with people asking to work from home for longer or outright walking out of their role on a mass scale.
Since the lifting of lockdown, business owners have been in negotiations with staff who stayed on, allowing them either entirely remote working or hybrid working opportunities, and it’s allowing staff a lot better lifestyle. Finding a compliance solution to employees rights in this matter is very important to keeping your staff content in their role.
Money laundering and terrorism funding
A lot of industries dealing heavy in money, particularly fintech and gambling, have issues with money laundering and terrorism funding. Criminals use the technology of today to move their money around, funding either criminal empires or terrorist organisations. Therefore, it is important that every business complies to anti-money laundering and anti-terrorism funding regulations as set by the government to ensure that as little as possible occurs.
Cybersecurity
Tying into all these issues is the problem of cybersecurity. Staff members working from home is causing a lot more hackers to get into systems, which means your business and your customers’ data is at risk. Sometimes hackers are looking to grab money and run and sometimes they’re simply holding data for ransom from the company.
The best way to get around these issues is to create a solid security system throughout your business operations. This starts with training or retraining your staff members on the importance and practices of keeping data safe, like strong passwords, avoiding public Wi-Fi, avoiding phishing scams, etc. You can also switch to storing your data in the Cloud, which offers a lot of benefits beyond security, and invest in triple authentication methods to keep data safe.
Company culture
Company culture takes a lot of work to cultivate and manage. It’s a lot of small things and big things that dictate the culture of the company. It takes small things like outlining what it expected from employees in terms of time off, attire, daily operations, and etiquette, etc. and expands into cultivating safe spaces and having a strong plan of action for bigger issues like harassment, disputes, etc.
Even at the very top this is an issue. You couldn’t open a newspaper at the start of this year without seeing the word “sleaze” as it pertains to the government, due to accusations (turned charges) of partying during the Covid lockdowns. Other examples are Blizzard Activision, which ended up being bought out by Microsoft after it came out that its HQ was essentially a frat house full of harassment on the sexual, physical, and mental nature.
Climate change
Climate change is a growing concern that the people and the government are finally starting to take notice of. And as much as the rest of us can recycle and lower energy usage, it’s businesses that are creating the most waste and using the most energy. Therefore, more and more regulation is coming out about preventing and undoing the damage of climate change, mainly concerning recycling material, proper disposal of waste, and lowering energy usage.
