Chapter 1
WHY EVERY ORGANIZATION NEEDS A SOCIAL MEDIA POLICY AND COMPLIANCE MANAGEMENT PROGRAM
From Twitter and Facebook to YouTube, blogs, smartphones, and tablet PCs, employeesâ access to the webâand employersâ exposure to potentially costly and protracted risksâis greater today than ever before. Whether responding to customer inquiries via Twitter, posting coupons on Facebook, building brand awareness on blogs, or conducting product demonstrations on YouTube, the business communityâs ever-growing social media use dramatically increases organizationsâ exposure to potential lawsuits, regulatory violations, security breaches, mismanaged business records, productivity drains, netiquette nightmares, public relations disasters, and other electronic risks.
When employed strategically, thereâs no denying that business blogs, corporate Facebook pages, instructional YouTube videos, private enterprise-grade social networking platforms, and other social media and web 2.0 tools can facilitate speedy and successful two-way communication with customers, as well as creative and constructive collaboration with colleagues.
Workplace use of social networking sites and web 2.0 technologies increased dramatically between 2007 and 2010, growing from just 11 percent to over 66 percent in a three-year span. Over 90 percent of organizations believe web 2.0 technologies are effective at increasing brand awareness, and another 89 percent consider these communication and collaboration tools essential when it comes to generating new business or supporting customer service. Thatâs according to Clearswiftâs 2010 report, Web 2.0 in the Workplace Today.1
Similarly, when managed properly, employeesâ personal use of social media (via company accounts and systems as well as usersâ own personal sites and devices) can enhance workersâ overall satisfaction with and commitment to their jobs. In fact, one-fifth of the group that the Clearswift report labels âGeneration Standbyâ workers (younger employees who never fully switch off from the Internet at work or home) say that they would turn down employment if the boss did not allow them to access social networking sites or personal email during working hours.2
In the age of social media, employers must perform a balancing act. On the one hand, you want to provide enough social web access to keep your business thriving and maintain consideration for some level of personal usage. On the other hand, you are obligated to manage social media use effectively in order to protect your organizationâs assets, reputation, and future.
The most effective way to accomplish both goals is to implement social media policies, also known as acceptable use policies (AUPs), supported by comprehensive employee training, and enforced by best-in-class technology tools.
TEST YOUR SOCIAL MEDIA COMPLIANCE MANAGEMENT KNOW-HOW
When it comes to communicating and collaborating with internal and external audiences, employees today enjoy a broad range of electronic options. From tweeting and blogging to surfing, Skyping, texting, and talking via mobile devices, twenty-first-century communication tools and technologies facilitate speedy interactions between organizations and their important audiences, including customers, prospects, investors, the media, decision makers, and the public.
Given the comprehensive mix of electronic business communication tools now available to companies and users, compliance managementâmore than everâis a critical business skill. Take this brief quiz to determine your social media compliance management know-how.
- 1. As of 2011, social networking had surpassed email as the electronic communication tool of choice for most business users.
- 2. Because computers have been workplace staples for so long, most employers today are fully aware ofâand adept at managingâelectronic risks including potentially costly litigation, regulatory fines, security breaches, productivity drains, and public relations nightmares.
- 3. In the United States, federal and state laws governing the use, content, records, privacy, and security of electronic information have changed very little since the year 1995.
- 4. Government and industry regulations governing the use, content, records, privacy, and security of email and other forms of electronic business communication basically are the same today as they were in 2001.
- 5. The Federal Rules of Civil Procedure, which govern e-discovery, are mirrored by the rules of civil procedures in all 50 states.
- 6. Text messaging is completely different from email. Consequently, email risks and rules do not apply to text messaging.
- 7. In accordance with best practices, Acceptable Use Policies (AUPs) governing social media, blogs, email, mobile devices, and other electronic business communication tools and technologies should be reviewed and updated once every decade.
THE NEED FOR STRATEGIC COMPLIANCE MANAGEMENT HAS NEVER BEEN GREATER
If you answered âtrueâ to any of these seven statements, then itâs time to brush up on your knowledge of social media compliance managementâand electronic compliance management in general.
Effective compliance management is a priority for any organizationâlarge or small, public or private, regulated or unregulatedâthat is eager to adhere to legal, regulatory, and organizational rules, while mitigating potentially costly risks. Effective compliance management, of course, begins with formal rules and written policies.
Social networking is risky business
By now, most people are familiar with the type of high-profile, well-publicized email gaffes and Internet disasters that tarnish corporate reputations, savage stock valuations, launch million-dollar lawsuits, derail careers, and trigger media feeding frenzies. Thanks to social mediaâand the widespread use of mobile devices to access social networking sites day and nightâemployersâ exposure to electronic risks is greater t...