According to a survey conducted by Deloitte, one in three Americans has been exposed to a data compromise, while 47% feel they do not have enough control over their data.
With regulations being constantly amended and updated, companies face tons of challenges in maintaining compliance. Some incur financial penalties for failing to implement regulations ― or worse, they even face criminal litigation.
Here's the good news: Learning how to use big data and AI technology effectively can help you overcome the difficulties of staying compliant.
When small institutions think of compliance programs, the first thing that comes to mind is huge technology investments. Compared to larger corporations, small companies may not be able to budget as much for new technologies, hence the hesitation to implement them in compliance efforts due to expenditures that accompany these changes.
Across industries today, different government regulations help ensure that businesses operate legally and ethically to protect employees and consumers. To adhere to these government and legal standards, companies work tirelessly to establish policies and procedures (P&P).
But carefully outlining P&Ps is only one side of the coin. Someone has to steward team members in following P&Ps and guarantee that the business is always compliant. In most companies, this responsibility lies mainly in the Compliance Manager.
The August jobs report has officially been released, revealing insightful and beneficial information for employers and candidates alike. Some highlights include overall increases in hiring and decreases in unemployment.
The July jobs report has officially been released and reveals insights that both economists and employers found positive.
Setting the stage for the final half of the year, the report showed an increase of 164,000 jobs in the last month. The unemployment rate continued to stay low, remaining at 3.7%. Additionally, the average hourly wage went up by 8 cents, bringing the total to $27.98.
Economic expansion remained strong, the technology sector continued to see growth, and manufacturing has begun to slow down after its 2018 growth spike. Increases in workforce participation in the job search market and wage growth round out the top headlines from the last month.