Self-assessments require that an individual gives an honest response to a series of questions concerning their own personal performance, how well they perform specific duties for which they are responsible, or how well they believe certain business processes are being performed in a company.
The assessment process is a vital component of an overall training strategy. Too often, companies spend large amounts of money on delivering training, but do not bother to measure whether the investment in the education of employees is actually providing a return on investment.
Used in the right way, regular self-assessments provide an audit of current understanding and knowledge application. They can be designed in such a way that particularly negative responses can route an individual to remedial or self-help material, or notify someone to take further action.
Measuring complianceA sound compliance strategy requires the establishment of a comprehensive programme to measure, manage and control risk. Too often, companies roll out a compliance programme to teach employees about compliance issues, but never bother to assess on a regular basis the current understanding and application of the compliance knowledge delivered.
Therefore, regular assessments are essential, particularly when defending your compliance strategy in cases of breach of local or international laws.