Do you find corporate compliance training to be a real pain in the neck? From the employer’s side, it might seem like a distraction from the main, profitable aspects of running a business, as well as an excess cost. And from the employee’s side, it might just seem like extra work, a distraction from their main tasks, and a pointless formality. But this line of thinking — on both sides — is shortsighted.
In this article, we’re going to discuss what compliance training is, why it matters, and how to make it more effective. If you are familiar with compliance training and want to learn how to automate this process, click here to skip to that section.
What Is Compliance Training?
According to the Merriam-Webster Online Dictionary, compliance is defined as “the act or process of complying with a desire, demand, proposal, or regimen”. Put otherwise; it is “conformity in fulfilling official requirements”. Therefore, compliance training is a formal program that educates your employees on the policies, procedures, and actions required to prevent both problems in the workplace and violations of the law. These policies and procedures are often job or industry-specific. However, in many cases, they are also government-mandated and apply across industries or the corporate world at large.