When was the last time your office did a compliance audit of your documentation forms and procedures? Why is it a critical practice that should be done regularly? This article will share why compliance monitoring is important and share some helpful tips to either get you started or fine-tune your process.

Compliance Monitoring - Fair Housing Implications

Let's start by defining what compliance monitoring is. Compliance monitoring is basically just what it sounds like. It is a checks and balances procedure that should be done regularly to see if every staff member is following your predetermined policies and procedures, especially when there could be fair housing implications.

Some larger companies have an entire department dedicated to overseeing compliance. But for smaller companies, this may mean that the responsibility will fall on a specific manager or person in a leadership role.

Either way, compliance monitoring helps a company identify any potential problems and correct them before they snowball or, even worse, are discovered during a fair housing investigation.

A Common Breakdown Point - Documentation

Consider this scenario; a rather irate resident calls to complain that they received a rent increase when their neighbor did not. You immediately check both residents' files to see if there is supporting documentation as to why this happened but find nothing. Now what? More than likely, this is just an oversight, but unfortunately, you now have no way to prove why one resident received a rent increase when another did not, and it could be construed as discrimination.

In this scenario, we have not one but two failures. Firstly, there was the failure to document the reason for the difference in rent. And secondly, the failure could have been caught before a resident became involved if there had been a regular check or compliance monitoring procedure in place.

The first and most important step in compliance monitoring is training! As a supervisor or manager, you should never assume that everyone knows what they need to be documenting or what your company's policies and procedures are. Every staff member, regardless if they are new or a seasoned veteran, should receive training as to your policies and procedures. Also, training should not be a one-and-done thing but a continual process instead.

Once you have established a regular training regime, you need to think about how you are going to check in to ensure that it's working. As we mentioned earlier, some larger companies have an entire department dedicated to this, but if you are a smaller company, you need to clearly identify who will be responsible and how often they will be performing a spot-check or audit.

If a compliance issue is identified, the next step to take is to take a deep breath and use this as a teachable moment for all involved. Share where the breakdown happened and discuss better practices to avoid it in the future, and be sure to follow up that they are.