When an organization's compliance function is effective, its success is often measured by what didn't happen. These include lawsuits, damage to reputation, lost business, legal sanctions, and so on. The absence of any compliance-related incident often makes management complacent about compliance. As a result, companies sometimes reallocate the function's budget to fund activities that seemingly have a better impact on shareholder value and earnings. But decreasing focus from workplace safety policies carries significant risks. In this white paper you will learn how proper contractor management can increase efficiency and decrease spending. Also, how regulatory compliance penalties continue to change.
Learn how proper contractor management can enhance efficiency and reduce spending. Understand the evolving landscape of regulatory compliance penalties and the costs associated with non-compliance.
Avetta offers a low-cost and secure contractor qualification and monitoring solution that allows you to gather, verify, store and easily manage all of the documents you require from your contractors, vendors, and suppliers. With real-time reporting and a holistic view of your supply chain, we save you time, reduce your contractor management costs, and minimize your risk exposure when hiring third-party vendors. Learn more at Avetta.com