Regulatory compliance requirements are increasing across a broad range of industries. Between new regulations and changes to existing regulations, organizations are struggling just to keep up with the scope and depth of compliance. What was once a yearly review and assessment has become a daily effort to ensure that all processes and strategies meet the latest regulatory requirements.
At least one positive thing has emerged from the COVID-19 pandemic: It has dispelled many longstanding doubts about the feasibility of remote work. In many cases, work-from-home models have increased productivity while reducing overhead costs and enhancing employee satisfaction. In a recent PwC survey, 83 percent of employers say the shift to remote work has been successful.
