Training your employees on all aspects of compliance is mandatory by law. Not to mention, violations of company policies and regulations, laws, and requirements can lead to fines and lawsuits, and even criminal charges. Here, we will analyze a few notable reasons to deploy compliance online training and why it’s necessary for your business, especially in uncertain times.
1. Reduce Risk Of Non-Compliance
Online compliance training programs ensure that employees are knowledgeable about company policies, regulations, and legal requirements that apply to their everyday responsibilities. The more informed they are, the fewer violations you have to deal with. With the added benefit of monitoring, you can also make sure that their training remains up to date. More specifically, you can keep track of the certifications an employee has completed, how long it has been since their last compliance update, and which topics are overdue. All this information can help you reduce the risk of non-compliance by monitoring training levels and keeping extensive records for every single employee.
2. Increase Employee Confidence
Usually, compliance violations occur unintentionally due to an employee ignoring a certain rule or not knowing how it applies to their work. Therefore, it is crucial you establish clear organizational policies that are effectively communicated to your employees. This way, they will feel aligned with your company’s standards and confident that their actions serve a common goal. In addition, positive compliance training promotes accountability among employees and urges them to act ethically as well as speak up when they suspect a violation. This creates a supportive and safe workplace, where you can only expect employee confidence and productivity to be boosted.
3. Improve Brand Image And ROI
Maintaining compliance is crucial not only to ensure the smooth operation of your business but also to create a trust-based relationship with your clients. You might think that a non-compliance fine is just a one-time blow to your budget, but it is more than that. The subsequent damage to your company’s reputation might end up costing you a lot more. Clients and investors might decide to take their business elsewhere if they feel that you are underperforming in the compliance department. At the same time, investing in compliance online training will help you avoid costly violations as well as draw in new leads who believe in the same values as you. Make sure to promote your commitment to compliance, safety, and ethics in your social media, blog posts, and newsletters.
4. Reduce On-The-Job Incidents
Your staff is the backbone of your business. Therefore, you need to make sure you have created a work environment that promotes safety and well-being to prevent on-the-job incidents. Check that everyone is informed about company safety standards and emergency preparedness. But remember, don’t rely on theory alone. Hands-on, interactive, or even immersive training is key to ensuring that the guidelines have been absorbed and not just glossed over. Ergonomics is another aspect that impacts productivity and can result in sick days and compensation. With most jobs requiring staff to remain seated for extended periods of time, it’s crucial to provide your employees with ergonomic equipment and motivate them to stay healthy and active.
5. Enhance Data Security
Data security is becoming increasingly important in recent years, due to the simple fact that breaches and attacks are costing businesses millions each year. Especially with so many people working from home, cyber security online training is more relevant than ever. It is worth mentioning that breaches are accounted in their vast majority to human error. Therefore, we can see that building a culture of security is essential for cyber and non-cyber employees. Security awareness also boosts customer confidence. A business that is visibly taking measures to enhance cyber security and data protection will create a climate of trust and, as a result, attract customers who are more likely to become loyal.
For many entrepreneurs, the importance of compliance training is restricted in keeping their businesses audit-ready and legal. However, if done properly, compliance online training can help them boost their revenue and reputation by mitigating risks and enhancing employee confidence and customer trust. Consider the points made in this article and take the necessary steps to make your compliance online training more effective for your business.
Adobe Captivate Prime can help you prep your team and mitigate compliance risks using a versatile LMS platform. You can deploy your training at scale and monitor employee performance with its robust granular reporting and analytics.
Download the eBook Are You Audit-Ready? How To Deliver A Seamless And Scalable Compliance Training Program to learn how to launch a compliance training strategy that gets results and boosts remote employee engagement.