Industria
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.
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:
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:
"Organisations explains Mark du Preez, Head of Legal & Compliance at Africa HR Solutions.
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, info@africa-hr.com, +2304653100
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