Compliance training is vital for businesses to ensure they fulfil the demands of laws and regulations and comply with codes of conduct. Failure to do this can result in everything from fines to business collapse.
Compliance training explained
In-person training and compliance elearning covers all types of training that is mandated by policies, laws, or regulations. It is a formal way of ensuring that employees are properly educated about standards, regulations, and laws that need to be upheld. A lot of compliance elearning and training relates to workplace health and safety, but other topics covered may include the likes of employee dignity.
There is corporate compliance and regulatory compliance and training is available for both. Corporate compliance deals with industry protocols, legislation, and policies, while regulatory compliance relates to how a business ensures it adheres to rules and regulations.
Objectives of compliance training
Compliance training aims to ensure that all workers have adequate and appropriate training and there is a record of training being carried out and completed. Compliance training, therefore, involves ensuring staff complete training in a timely fashion and regularly enough to recognise changes.
Compliance training ultimately reduces the chance of non-compliance and tracks a business’ efforts to maintain compliance. It can also reveal areas where knowledge gaps exist. Compliance elearning can allow businesses to align enrollment on training courses with specific demographics. to allow companies to maintain accurate records and evidence of compliance.
Compliance training helps to promote inclusive and safe workplaces, proactively demonstrating a commitment to fair and inclusive environments. All staff levels can benefit from such training, including leaders and management, who can learn how to handle issues such as harassment, discrimination or abuse.
Defining policy
Training helps to define a business’ values and ensure that workers have the tools to manage and effectively align with these. It can also promote staff accountability and promote ethical conduct. All of these benefits can result in better business reputations for companies, preventing fallout from scandals and helping with recruitment and the retention of staff, clients, and investors.
