Skip to content
Fairwords LogoFairwords Logo
  • Product
    • Guide – Prevention & Training
    • Keep – Archiving & Retention
    • Review – Risk Scoring & Supervision
  • About
    • Our Team
    • News
    • Careers
    • Contact Us
  • Resources
    • Learning Center
    • Help Center
Request a demo
Back to Resources

Fairwords Weekly: Measuring the Value of Your Compliance Program

September 8, 2022

“The ROI of Compliance is demonstrating the value of compliance by leveraging metrics, adding efficiencies, searching for better processes, and building tangible programs to mitigate risk to give back to the organization.”

— Lynn Haaland, Senior Vice President, PepsiCo Deputy General Counsel, Global Chief Compliance and Ethics Officer, and Chief Counsel, Cybersecurity at PepsiCo

Organizations must design compliance programs to do more than ensure regulations only ‘check the box.’ Instead, compliance and ethics programs should be strategic and add value to your organization with a positive ROI. Proving the value of your compliance program requires tracking and measurement. But what should you track, and how can it be done? This week, we explore the importance and considerations of measuring the value of your compliance program. 

How To Show The ROI Of Compliance At Your Firm

Compliance officers must proactively demonstrate value to their organization, protect their company’s reputation, and comply with various rules and regulations. After all, no one wants to be seen as a cost center that isn’t adding to the organization’s profit. But is there an ROI of Compliance? Lynn Haaland thinks so. In this interview, Haaland discusses how to achieve a culture of compliance, how organizations should train their employees to make ethical decisions, how to show the ROI of compliance, and more.

​​Tracking Ethics and Compliance Program Performance – Part 1 (Click here for Part 2)

To show the ROI of your compliance program, you must determine what to track and what data to present on a compliance dashboard. The purpose of a dashboard is to assemble a relevant list of measurements, assign a frequency for collection and review, and establish a basis for compliance trends. Explore a recommended list of compliance topics and suggested measures that you should include in a dashboard.

How to Make the Business Case for Compliance and Ethics Program Investments

Looking at employee attrition as one metric, toxic culture cost U.S. employers an estimated $50 billion annually before the Great Resignation. If you’re an HR or compliance leader, you understand the widespread risks of toxicity and the upside of great company cultures. But to build a successful program, you need buy-in from the business, a strong business case, and the ability to prove these investments will have a positive ROI. Explore the real cost of toxic workplace culture and comprehensively covers how to make the business case for compliance and ethics program investments. 

Measuring the Strategic Value of a Compliance Program

In many companies, executive management views compliance as a cost center, disconnected from growth instead of intimately aligned with achieving the organization’s long-term interests. So how can compliance be made more strategic? Considering compliance as a competitive advantage, getting proactive with predictive insights, and ensuring the compliance officer sits on the executive team are a few ways to get strategic. In this article, several compliance leaders weigh in on how to measure the strategic value of a compliance program.

Share Resources

Related Projects

  • Fairwords Weekly: Managing Communications Compliance, Program Effectiveness, and Compliance in the Metaverse
    Fairwords Weekly: Managing Communications Compliance, Program Effectiveness, and Compliance in the Metaverse

    Fairwords Weekly: Managing Communications Compliance, Program Effectiveness, and Compliance in the Metaverse

    4:45 pm
  • 3 Considerations for Managing Communications Compliance
    3 Considerations for Managing Communications Compliance

    3 Considerations for Managing Communications Compliance

    5:21 pm
  • Fairwords Weekly: Investigation Cooperation Strategies, Compliance Person of the Year, Self-Reporting Wrongdoing, and the Trust Officer
    Fairwords Weekly: Investigation Cooperation Strategies, Compliance Person of the Year, Self-Reporting Wrongdoing, and the Trust Officer

    Fairwords Weekly: Investigation Cooperation Strategies, Compliance Person of the Year, Self-Reporting Wrongdoing, and the Trust Officer

    1:00 am
Product
  • Guide
  • Keep
  • Review
About
  • Resources
  • Our Team
  • News
  • Careers
  • Contact Us
Help
  • Help Center

Hear from Fairwords

We promise we won’t send you inbox clutter. We’ve got blog posts, podcasts, and other content to help you with communications protection.

Copyright @2022 · Fairwords · Privacy Policy

Page load link

Hear from Fairwords

Sign up to receive content that will help you elevate your company culture through improving the quality of your written communications.

  • This field is for validation purposes and should be left unchanged.
Go to Top