Africa HR Solutions highlights the importance of Compliance across Africa

Although administrative barriers and legislative complexities may result in excessive costs, it is important to appropriately address these factors. Although administrative barriers and legislative complexities may result in excessive costs, it is important to appropriately address these factors. Cost of compliance African governments demand absolute compliance from organisations, which comes at a significant cost when implementing frameworks across multiple jurisdictions. While it...

Although administrative barriers and legislative complexities may result in excessive costs, it is important to appropriately address these factors.

Cost of compliance

African governments demand absolute compliance from organisations, which comes at a significant cost when implementing frameworks across multiple jurisdictions.

While it may be tempting to 'skip a few steps', the cost of non-compliance in African countries far outweighs those of compliance.

In 2017, Ponemon Institute and Globalscape studied 53 multinational organisations to determine compliance costs for privacy and data protection regulations. Compliance averaged $5.47 million, while non-compliance reached $14.82 million – almost triple the value. Non-compliance costs extend beyond financial losses and can also include:

Capitalising on compliance 

Investors should embrace compliance as the foundation for business success in Africa. To generate sustainable growth, organisations should design appropriate compliance strategies for their people, often regarded as the most important resource, including the following:

How can Africa HR Solutions help?

"Organisations operating in Africa are continuously faced with the challenge of adapting to compliant best practice in-country in relation to payroll taxes and social security contributions," explains Mark du Preez, Head of Legal & Compliance at Africa HR Solutions.

"Increasingly, we see new legislation across the African continent that requires more from organisations and their employees to remain compliant. At Africa HR Solutions, we have the in-depth knowledge and expertise to guide our clients through this process and ensure unwavering compliance."

Over the past 13 years, AHR has been a trusted service provider and advisor to 400+ organisations operating across 20 different industries in Africa. We provide employer of record and payroll outsourcing services in 46 African countries to listed multinationals, PE & VC-backed start-ups, global NGOs, international non-profits and leading universities.

Media contact: Grant Geraghty, Head of Client Relationships, [email protected], +2304653100

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