Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Ensuring Compliance

By Vantage Agora Subscribe to RSS | June 6th 2012 | Views:

For a long time I have wondered how to effectively manage organizations. I was disgruntled as a manager. While I put on a brave face, I know I was not happy with the way my team and company operated. One problem always escaped me. The problem was simple. We have been told to Manage By Objective(MBO) (Refer to Kaplan’s Balance Score Card, a must read, wonderful book for all managers. The gist of the book is simple. Set out a clear and simple set of objectives at a company level and make sure that every employee in the organization is measured on some of these objectives). Makes perfect sense. But in reality life is not so orderly. While we set out clear objectives how do we ensure that employees are evolving at the changing needs of the organization?

In many regulated industries like insurance Outsourcing, financial, healthcare, & defense there is another major problem of being audited for compliance. These organizations have to prove how they are in compliance with their Company Policies (CPs). Companies spend millions of dollars in trying to provide auditable proof every year. To understand this better, please read “Are you ready to deal with the new federal regulations and take on external auditors?”

Back to my own story… I would get irritated with management gurus when they preached about making sure that people are trained for their jobs as the prime driver for success. I would ask “But HOW????” I would say “Jim, out here in the real world things are different. I have to make my numbers for today and take care of my customers tomorrow”.

Sound familiar?

My frustration continued till one day one of my partners came into my office and said “I got it!”. I looked up mildly interested and asked “Got what”? He excitedly replied in one long sentence that lasted for 23 minutesJ! The gist of his monolog is that we needed a tool that would measure not just learning commitment at an employee level but provide a snapshot/forecast at a company level. This tool would recalculate the company compliance requirements at a click of button for every changing requirement from the market. This was brilliant! This would improve the PQR (P=productivity, Q=Quality, R=Revenue) of the entire organization and avoid the frustration of people are not performing because they are not trained right. It would also completely eliminate breaking into a cold sweat when your customer said the word “audit”!

We all got so excited about the idea that we did what we knew best. Built a tool and started using it. For the first time we had a simple tool that enabled us to measure and manage employee and company compliance. We started training and assessing our employees on ‘VA Comply’. Once we started using the tool at an organizational level, we could take care of our compliance problems by simply drilling down each department in a proactive manner. This has helped us save hours of effort and has created a more productive organization.

By tying an employee performance to their compliance scores, we realized that there is a strong correlation between employee skill compliance and employee performance. This was positively fantastic! This was exactly what the pundits talked about but we now had a tool to actually implement their strategies to success!

As we went along we realized the far reaching effect this product can have in industries like the retail telecom where the difference between a good and the average retail sales person is nearly 500 times Manage By Objective(MBO) (Reference to book: CRM at the speed of light).

In an down market like we are currently in, we realized that our customers and prospects can further gain from a product like VA Comply to ensure that their employees are optimally trained for the job that they are doing. This compliance mindset has been immensely beneficial to every organization that we have worked with. When we showed VA Comply to one of our partners he told us “This is the product that we have always been looking for”! We quietly smiled in agreement. A smile that comes from realizing that someone perceives value from the work we have done.

Let us look at what this product has helped us achieve:

1. Helped make sure that employees are trained and qualified for the job that they are doing

2. External audits are now a breeze when compared to the alternative

3. Helped us ensure that employees are in-line with the company growth

4. Converted our organization from being reactive to proactive

If you want to learn more about VA Comply, Click on the link below to see a demo of VA Comply (NOTE: Please use Internet Explorer). Further, we can arrange for a 1 on 1 demonstration of how the product can be used to solve your specific problem.

Contact VantageAgora For Insurance Outsourcing, P&C Insurance, Backoffice, Insurance Backoffice

Vantage Agora - About Author:
Harsha Chaturvedi (COO and Founder, Vantage Agora)

As a founder of Vantage Agora, Harsha has been instrumental in the growth of the company since its inception.Harsha has over 20+ years of experience in consulting, running and helping companies and their supply chains worldwide. His work with many companies, has made him a "turnaround expert". Harsha has four worldwide patents in the area of supply chain management.

He holds an MBA from Southern Methodist University (SMD), Dallas, a masters in Computer Science from Louisiana State University (LSU) Baton Rogue, and a bachelors in Engineering from Bangalore University.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Business Articles Subscribe to RSS

Address Sheet Labels are Best Solution for Small Business
Published by Andy on February 18th 2012 | Business
There is no denying every business needs revenues to fulfill the gap of its investment done already....
Social Security Disability Benefits are a Must for the Disabled
Published by Safinajones on December 30th 2011 | Business
If you are a physically disabled person, you can avail the disability benefits that are specifically...
Importance of document legalization for smooth business transaction abroad
Published by Petesampras on November 25th 2011 | Business
Document legalization is mandatory for a range of documents like power of attorney, articles of inco...
Water Heating System: Its Primary Components and Functions
Published by Jasmin Shakespeare on February 6th 2012 | Business
Heat, a form on energy used for several applications, is produced from various sources and is distri...
Many Aspects of Florida Eviction Procedure
Published by Julia Roger on January 24th 2012 | Business
Just like any particular process has many sides, similar is the case with Florida eviction. This is ...
Explore the Different Management Training Courses Available
Published by Julia Roger on August 24th 2012 | Business
Production management deals with implantation of necessary steps required for smooth & efficient ope...
Become a beneficiary with Zadroga Lawyer
Published by Jennifer Weinstein on December 19th 2011 | Business
An experienced Zadroga Lawyer would help the victim win the case, thereby getting appropriate amount...
Understanding the Purpose and Problems of Medical Billing Services
Published by Activemds on February 28th 2012 | Business
The immense paperwork associated with providing healthcare, leaves many professionals complaining ab...
Website Development | SKT Network Technologies
Published by Buildmann on July 11th 2012 | Business
Sukritha Buildmann property Development Company is one of the well furnished companies in Bangalore ...
Car Dealers and the Significance of Customer Service Excellence
Published by Leisa Dreps on March 28th 2012 | Business
In selling, customer satisfaction always comes first...
Pool Repair: DIY Tips
Published by James Blee on June 13th 2012 | Business
Swimming in a pool during hot weather is definitely relaxing and refreshing. Many of us own swimming...
Choose the right Accounting Software for your Small Business
Published by Angie Turner on June 1st 2012 | Business
While choosing accounting software for small business, one must make a list of the tasks one wants t...
How to bring Benefit from Production Scheduling Software
Published by Julia Roger on July 3rd 2012 | Business
Business houses are always facing tough competitive situation in the global market. But to stay ahea...
Buying a Used Car for all your Money's Worth
Published by Stelle Courney on May 25th 2012 | Business
Shopping for a used car can be like walking on a minefield. Everything looks harmless at first glanc...
Get Trauma and other Medical Insurance Policies from Trusted Agencies
Published by Julia Roger on April 23rd 2012 | Business
As a result, you will find that most of the people have some sort of medical insurance policy lying ...
Discovering and Also Looking for on Rotors and Brake Pads
Published by Darrell Fore on June 15th 2012 | Business
Researching concerning the rotors and brake pads of the car as well as on the overall specifics of y...
E-commerce Fulfilment – Efficiently Helps the Business Growth
Published by Diego Hall on December 2nd 2011 | Business
E-commerce Fulfilment is a most outstanding technique by which postponements in delivery of commodit...
Six Sigma Training and Courses, an Overview
Published by Tournaments on January 3rd 2012 | Business
While the effectiveness of Six Sigma rely strictly on the skill of its user, and is not a genie in a...
Are You a Student Looking for Accommodation in Edinburgh? Consider How Much You Can Afford and Get Started
Published by LauraCampbell on February 10th 2012 | Business
Besides this there will be other utility bills. You must always talk to your landlord or letting age...
Options of Home Ownership in the City of Edinburgh
Published by LauraCampbell on January 25th 2012 | Business
There are different options available to buyers for purchasing a property in Edinburgh. Purchasers c...
Peru Amazon Tours in Tambo Blanquillo and Regions to Experience Near By
Published by Tracy Narvaez on August 25th 2012 | Business
On the way to the lodge from Cusco there is a cloud forest, various rainforest habitats and a small ...
Gardening and Outdoor Living Retailing in Emerging Markets: Market Guide to 2016
Published by Bharatbook on August 25th 2012 | Business introduces a report Gardening and Outdoor Living Retailing in Emerging Markets: Mar...
Time to get the latest university news
Published by Gene Crayton on August 25th 2012 | Business
Education is a never-ending process. Each day you get to learn something new which may or may not be...
Voice over Agencies- Helping Hand for All Your Voice over Requirements
Published by Julia Roger on August 25th 2012 | Business
It is important that you choose a voice over agency that is reputed and is in the business for a con...
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...