Regulatorycompliance
Regulatory compliance is defined as organisation's adherence to laws, regulations, guidelines and specifications relevant to its human capital. Violations of regulatory compliance regulations often result in legal punishment, including fines. Organisations operating in difference sectors and geographical regions may need to adhere (and measure their adherence) to different regulatory frameworks.
Common measures
Health and safety measures: this is typically a measure of the number of incidents required to be reported under statute, for instance Reporting of Injuries, Diseases and Dangerous Occurrences Regulations 2013
A measure might be the number (N) of serious incidents in 2015
Competence compliance: this is a measure of professional competence required to practice, for example professions such as law or medicine requiring a licence to operate.
Measures of critical people risk: In high stress environments measures regarding behavioural risks can help to monitor behaviour of individuals against predefined values (included as part of the broader culture category)
Resources description
Healthy and safety and data protection form a significant part of much regulatory compliance reporting. For more information about undertaking a health and safety risk assessment or data protection compliance, download the CMI checklists.
Health and Safety: undertaking a risk assessment.
Complying with the data protection act
Resources
Case study
Tim Cowen is Strategic HR Business Partner at First Group. As a transport operator First Group collect a huge amount of information about their people. For Tim, health and safety, workforce planning and engagement are key strategic priorities. Listen to our podcast to find out how Tim’s team go about collecting and analysing their data.
Listen here: First Group case study