Quick Answer: What Does Legal Compliance Mean?

What are some examples of compliance?

Have you ever done something you didn’t really want to do simply because someone else asked you to.

Buying something after being persuaded by a pushy salesperson or trying a particular brand of soda after seeing a commercial endorsement featuring your favorite celebrity are two examples of what is known as compliance..

Statutory compliance in HR refers to the legal framework within which organizations must operate while dealing with their employees. … Therefore, dealing with statutory compliance requires for companies to be well-versed with the various labor regulations in their country of operation.

What is a compliance process?

Process compliance ensures that the company’s policies and procedures are designed to comply with internal and external policies.

What is the meaning of compliance?

adhering to a ruleGenerally, compliance means adhering to a rule, such as a policy, standard, specification, or law. … In business, compliance is linked to corporate governance, which is the framework of rules, regulations, and practices under which a company operates.

What is employee compliance?

Employee compliance training is training to ensure that a company’s employees meet federal law requirements to prevent lawsuits, audits, and fines, such as sexual harassment training, safety training, and ethics training.

What is compliance in simple terms?

The Cambridge Dictionary defines compliance as follows: ‘the act of obeying an order, rule, or request’. Wikipedia states that ‘In general, compliance means conforming to a rule, such as a specification, policy, standard or law.

How do you use the word compliance?

Compliance sentence examplesIf you are in compliance with the law, you must prove it! … The company was in compliance with the various safety regulations. … Compliance audits were held throughout the company. … The procedures were rewritten to be in compliance with legislation. … The new rules were becoming a compliance burden.More items…

What comes under compliance?

Compliance means adherence. Thus, Statutory Compliance means adhering to rules and regulations. Statutory Compliance in HR refers to the legal framework that an organization should adhere to in dealing with its employees.

What is the role of HR compliance?

HR Compliance is the commitment of the business to follow the working standards set out by employment law. Further, this affects the systems, policies as well as documentation. Also, it implies that the employees must receive all entitlements in their employment contract.

Clearly, regulatory compliance is important to protect consumers and society from harm. This may seem like an abstract concept to many, and far removed from their everyday experiences. It is a sobering experience to realise that the consequences of regulatory breaches are not just financial, but career-limiting.

5 Steps to Ensure ComplianceStay on track with changing laws and regulations. Compliant is not something your organization just is. … Involve specialists. Especially small and growing organizations may unintentionally break laws. … Ensure employees follow procedures. … Schedule regular internal audits. … Use the right software.

What is an example of compliance risk?

Some compliance risks are specific to an industry or organization—for example, worker safety regulations for manufacturers or rules governing the behavior of sales representatives in the pharmaceutical industry.

Compliance with legal requirements is the adherence by the organization to the laws, standards or specifications of the sector in which it operates. … By itself, no software or information system can make the organization comply with records management compliance or any other legal requirement.

What is the purpose of compliance?

Enforcing compliance helps your company prevent and detect violations of rules, which protects your organization from fines and lawsuits. The compliance process should be ongoing. Many organizations establish a program to consistently and accurately govern their compliance policies over time.

What are the benefits of compliance?

Here are some of the benefits of compliance management for your business, particularly if you operate in the healthcare industry:Reduces Legal Problems. … Improves operational efficiency and safety. … Enhances Public Relations. … Fosters Customers Trust. … Better Employee Engagement and Retention.More items…•