SumTotal Blog

Tag Archives: Risk Management

3 Reasons HR Needs a Compliance Solution

Organizations take risk management seriously, but budgets are tight. The competing demands for limited resources mean some things make into the budget and others don’t – maybe next year. Compliance solutions often fall into the “maybe next year” bucket because things have been working OK so far, right? […]

Organizations take risk management seriously, but budgets are tight. The competing demands for limited resources mean some things make into the budget and others don’t – maybe next year. Compliance solutions often fall into the “maybe next year” bucket because things have been working OK so far, right?

Not to scare you – ok, maybe a little – but consider these interesting nuggets:

  • 400% – Amount that employment related lawsuits have increased in the last 14 years.
  • $500,000 – The average compensatory award for federal employment cases is quickly approaching this amount.
  • $9M – The average cost of non-compliance for an organization – per year (more…)