3 Ways Employee Compliance Training Can Impact Your Organisation

3 Ways Employee Compliance Training Can Impact Your Organisation
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Summary: Compliance training is an essential part of a modern organisation. Policies and procedures are there to reduce organisational risk, so it’s important to ensure your staff are actually aware of them. Take a look at how a well-implemented compliance program can positively impact your organisation.

How Employee Compliance Training Can Impact Your Organisation

And this begins with your training program.

Whether it’s a lack of training procedures put in place, or inadequate technology, not having employee compliance training can lead to many problems for organisations including legal issues or reputational damage.

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Too many organisations still see employee compliance training as a ‘get it over with’ sort of program. This prevents any real efforts from being put in place and, therefore, it’s unsurprising when employees fail to engage with the training or learn anything from it.

More companies are becoming aware of the benefits and support technology offers in the digital age we’re in. Answers are available as and when we need them and employees are becoming far more independent with their learning, so it’s important to address this way of learning if you expect your training to really make an impact.

So how can well-implemented compliance training positively impact your organisation?

1. Fewer Costs And More Awareness

Compliance training gives employees a clear understanding of expectations, standards, and personal and professional obligations. By making this information clear and easily-accessible, the organisation minimises the likelihood of fines or lawsuits from regulations not being followed.

Whilst fines and lawsuits are costly to an organisation, reputational damage can be even costlier. Today, we are hyper-connected through technology, so brand awareness and trust are both extremely important and fragile. Organisations have a duty to follow regulations and if these are not met, a company faces losing its positive reputation, and could, in turn, suffer when it comes to the productivity of its employees and quality of future candidates.

By having a solid employee compliance training program in place, businesses minimise unnecessary costs through negligence and instead build a group of well-informed employees. When compliance expectations are widely understood and met, there’s more standardisation, and employees are much more likely to perform better as a consequence. More informed employees are more productive, and, in turn, more likely to generate higher profits for businesses.

2. Keeps Everyone Up-To-Date

Regulations and standards do change, so it’s important that your employees have the tools they need to remain aware and on top of these changes to minimise the risk of non-compliance.

Businesses face the risk of violating regulations if they fail to keep employees up-to-date, and as changes can happen very often in certain industries, it’s important to opt for a training approach that can deal with these last-minute changes to regulations.

Having an employee compliance training program that is accessible online gives employees a permanent bank of information that they know is up-to-date and readily available. Organisations also have the peace of mind in knowing that every member of staff is trained at the same level, with the same content, at the same period of time and at any location.

Businesses should use an LMS that can be easily updated to ensure there are no delays with updating information, and, in turn, can be confident in knowing everybody within the organisation is receiving the correct information.

3. Reduces Risk

There are many risks that can only be prevented through compliance training.

Whilst your training program is there to inform your employees of workplace regulations and safety, it’s also there to ensure organisations meet their legal obligations to treat employees fairly.

By keeping on top of compliance training and ensuring everybody is up-to-date, the business avoids reputational risk within the market, whilst also building trust and brand transparency to its clients and/or customers.

Reducing legal problems, dissatisfied employees and hefty fines is important to every organisation and implementing compliance training minimises the likelihood of any of these happening and instead offers a safe and better working environment for everyone.

These are just a few of the ways employee compliance training can impact an organisation. It’s not just there to protect staff, but the business too. It’s important to ensure your employees feel safe and that their legal requirements are being met, and, in turn, ensuring regulations are made readily available so that everybody is up-to-date and aware of what’s expected of them.