Why Your Company Should Spend More Time on Compliance Training

For business owners who live by the eternal adage, “time is money,” the idea of dedicating more hours to compliance training can be a tough sell. Managers and professionals already have jam-packed schedules, and taking time out of your day to complete compliance training can feel like a chore –– if it’s not handled correctly.

However, compliance training is absolutely vital to a business’s long-term prospects. Not only will quality compliance videos help your company avoid some major issues (which we’ll explore below), but when administered properly, compliance training can bring your team together and improve the way your company operates on a daily basis. That’s because effective compliance training focuses on providing your team with meaningful insight on how to handle difficult situations in the workplace. Below, we’ll explore four major reasons why your business will benefit from an increased focus on compliance training:


Safety

First and foremost, compliance training exists to protect your business and your team. Though compliance training can cover a number of different subjects –– from sexual harassment to age discrimination –– the main goal of almost all compliance training sessions is to educate your team. That’s why a good compliance training program will seek to instruct employees on a number of issues from dealing with bullying in the workplace, to best practices to follow during an emergency. Note, every member of staff requires compliance training because it takes the effort of an entire organization to prevent harassment and discrimination from occurring.

This should go without saying, but if employees don’t feel safe in their workplace environment –– or if they don’t know how to handle potentially dangerous situations –– then your company will suffer for it as a result. The truly frightening thing is that hostile work environments aren’t uncommon. In fact, according to a recent survey, roughly 20% of Americans have been exposed to some form of “verbal abuse, unwanted sexual attention, threats, or humiliating behavior at work in the past month.” Compliance training isn’t something any business owner can afford to ignore.


Legality

Modern professionals need to have an understanding of the laws that govern the workplace. Managers, in particular, have to have an appreciation for the legal ramifications of their actions. Even the process of hiring and firing employees is fraught with potential legal pitfalls. Compliance training ensures that your team members understand the nature of the law as it relates to your business, and it should help your company avoid potentially damaging lawsuits. Remember, even when employees make inadvertent mistakes like accidentally violating HIPAA policies, for instance, your company could still be liable for the violation. Compliance training will reduce the risk of such scenarios occurring.


Company Culture

In an ideal world, everyone at your business should understand its goals and values. And compliance training isn’t just about “ticking off boxes.” Businesses that take compliance training seriously empower their employees to speak up when something’s wrong. It also promotes increased diversity and teaches employees how to treat each other in a respectful manner. By giving compliance training proper credence, business owners can improve employee morale and enhance the general atmosphere around the office. If you’ve recently had trouble retaining your best employees, poor compliance training might be a contributing factor to your struggles.


Customer Relations

As we’ve explained above, the right compliance training program can alter virtually every aspect of your company for the better. Given that fact, it’s no wonder that happy, well-run companies also tend to have better customer interactions. Greater compliance on the part of your team means greater adherence to your business’s values, and, subsequently, more positive dealings with customers.


The Bottom Line

Business leaders that gloss over or skip compliance training completely are putting their organizations –– and their employees –– at risk. Compliance training helps businesses avoid problems ranging from lawsuits to potentially dangerous scenarios. Plus, as mentioned above, compliance training can also positively influence the way your business runs, and the way your employees perceive their environment.


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