The ROI of Streamlined Contractor Qualification and Management
When an organization’s compliance function is effective, its success is often measured by what didn’t happen. That includes 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 reducing focus on workplace safety policies carries significant risks. This white paper will share how proper contractor management can increase efficiency and decrease overall spending.