{"id":4140,"date":"2022-01-07T13:12:08","date_gmt":"2022-01-07T13:12:08","guid":{"rendered":"http:\/\/43.204.200.242\/hr-glossary\/compliance\/"},"modified":"2023-05-05T11:15:27","modified_gmt":"2023-05-05T05:45:27","slug":"compliance","status":"publish","type":"hr-glossary","link":"https:\/\/akriviahcm.com\/resources\/hr-glossary\/compliance","title":{"rendered":"Compliance"},"content":{"rendered":"

Compliance refers to rules, regulations, laws, policies, and standards governing an industry or organization. It involves ensuring that individuals and organizations act under the requirements set forth by governing bodies and conduct their business activities ethically and responsibly.<\/span><\/p>\n

Compliance can encompass activities, including financial reporting, data privacy and security, anti-money laundering, anti-bribery and corruption, environmental regulations, and more. Organizations may have compliance programs to help them manage and monitor their compliance obligations and to identify and mitigate potential risks and violations.<\/span><\/p>\n

Compliance is crucial to a business’s success because it can help mitigate risk and potential liabilities, enhance transparency, build reputation, and build trust with customers, employees, and stakeholders. Non-compliance can result in consequences, such as legal fines, loss of business, and reputational damage.<\/span><\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-4140","hr-glossary","type-hr-glossary","status-publish","hentry"],"acf":[],"yoast_head":"\nWhat is Compliance? | Meaning & Definition | Akrivia HCM<\/title>\n<meta name=\"description\" content=\"Compliance refers to the practices, procedures, and policies implemented to adhere to and self-regulate an organization's activities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/compliance\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compliance\" \/>\n<meta property=\"og:description\" content=\"Compliance refers to the practices, procedures, and policies implemented to adhere to and self-regulate an organization's activities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/akriviahcm.com\/resources\/hr-glossary\/compliance\" \/>\n<meta property=\"og:site_name\" content=\"Akrivia HCM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AkriviaHCM\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-05T05:45:27+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AkriviaHCM\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/compliance\",\"url\":\"https:\\\/\\\/akriviahcm.com\\\/resources\\\/hr-glossary\\\/compliance\",\"name\":\"What is Compliance? 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