Rules, regulations, and laws follow the rhythm of our times. Changes occur often and restrictions are multiplying. You need to tackle the fear and the burden that compliance can lay on your employees’ shoulders. And do this within limits of an affordable cost, since this is something that probably will be featured on your budget on a regular basis.
So here it comes. What you will find included in Turning Compliance Into Competitive Advantage Using Your Learning Management System is a brief analysis of the benefits coming together with compliance online training and aligning performance with corporate strategy. To make it easier, Lambda solutions have made up a guide to turn compliance to a competitive advantage in 5 steps.
Going through the contents, you might be tempted in reading Turning Compliance Into Competitive Advantage Using Your Learning Management System back to front. For many, compliance training sounds like trouble, so one would justifiably jump to the chapter titled “From Compliance To Competitive Advantage: Next Steps”. Take my word though, this here is an insightful read in its entirety, totally worth your attention.
Here are the contents of the eBook:
There is no getting away with compliance. The notion of it being a necessary evil hangs above the head of employees and L&D executives. Many organizations out there do the least about it, in an effort to decrease the cost of it as well, and cross their fingers. But do you really want to be one of them, letting luck be a factor in a crucial matter as this?
Taking into consideration that compliance environments get increasingly complex, there are decisions to be made that need to be zero-risk. Specifically in industries highly regulated. This is why you’ll find the statistics presented here of great use. They will construct a picture of the part that fines, lawsuits, and penalties take in unexpected expenses, and the percentage of confidence firms have in compliance.
Focusing on online training for compliance also produces helpful conclusions that you would care to read. Explaining how online learning combined with talent management reduce risk and producing reports through an LMS can be of great use for the accrediting body of an organization are two main arguments. Plus, it always leads to cost reduction as Turning Compliance Into Competitive Advantage Using Your Learning Management System depicts.
Further down the road of deploying compliance training with an LMS, I find tracking performance to be a valuable asset. Knowing your employees' performance standards allow you to align your corporate strategy accordingly, and take the right decisions in role definition and the career path to be charted for each individual. And as you will see, the right LMS gives you numerous metrics to do all these.
Finally, reaching the next steps, as Lambda Solutions describe it, to turn compliance to competitive advantage, what you’ll find is a set of clear and valuable advice. How well you answer questions regarding goal setting for your compliance training and talent management programs, and assessing your organization’s ability to manage technology, will mark how close you are in enjoying this competitive advantage
If you want to get greatly sought after insight about compliance training, it’s deployment online and the benefits an LMS brings to the process, download Turning Compliance Into Competitive Advantage Using Your Learning Management System today.