Workplace compliance takes a strategic balance of mitigating risks and maintaining a pulse on evolving regulations, legislative updates, and industry best practices.
Instead of taking a daring risk by continuing to do what you do, be proactive in reducing, preventing, and recovering from common workplace compliance violations and fines. Review the latest 2023 compliance trends to see if there are any modifications you need to make for your 2023 organizational risk management strategies.
On top of already-existing mental health issues, such as work-related stress, anxiety, and depression, employee burnout is top of mind as the cost of living and the Great Resignation have amplified it.
As a result of depression and anxiety, nearly $1 trillion is lost globally each year in productivity loss.
The World Health Organization (WHO) has created new guidelines for companies to focus on in 2023, which include:
Businesses, especially leaders, play an integral role in promoting and modeling a healthy work-life balance. Establishing a supportive workplace environment can boost employees feeling respected and valued.
Equality and discrimination have come to the forefront of workplace culture hot topics. Many employment updates are coming for 2023 aimed to support current equality laws and combat discrimination, including:
Additionally, employers must consider employee behavioral issues, such as employee misconduct and compliance violations, which can severely damage business reputation and lead to regulatory fines. You should revisit existing policies and procedures to ensure they align with any coming changes to regulations, as well as adapt to any employee behavioral issues that might arise.
Though third parties already pose high compliance risks, such as bribery, forced labor, security, data protection, competition, and conduct, additional risks are arising. Harassment and employer liability regulations may be changing in 2023.
Employers need to remain diligent in protecting their employees and preventing third-party risks through:
Part of what makes compliance so difficult is staying up to date with all the local, state, and federal regulations. Stay ahead of compliance by exploring the compliance resources you need for 2023.
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