Business NZ -KPMG released their annual compliance cost survey earlier this month http://www.businessnz.org.nz/surveys/504 . For the micro business i.e. 0-5 full-time equivalents, compliance cost total $2400-$3600 per FTE!!!
I am going to keep a record of time, $$$ and frustration spent on compliance/box ticking and keep you updated but let me give you an idea of todays effort.
We run a small agricultural business & a small media/writing/event management business.
For the Ag business we have to comply with something called GlobalGap (Global Good Agricultural Practice) Today I had to print out a 67 page document that highlighted the difference between last years rules and this years. I haven’t even started compliling the two folders full of protocols, policy statements and palaver that are required to pass this audit.
Don’t get me wrong I am all for Good Agricultural Practice – first to put my hand up when things come along but it is starting to get out of hand.
Filed under: Compliance Costs
