The importance of risk and training for compliance and how to keep it up to date
- Full Cycle Training
- Feb 10
- 4 min read
In every company, making sure that employees get the required risk and training for compliance for their role and industry is essential. But it’s not easy – constant changes to regulations can make it challenging for businesses to keep up.
Research shows that 69% of compliance failures are linked to inadequate training. While 87% of employees reported facing situations where they didn’t know how to comply, likely because the training wasn’t clear or easily accessible. These statistics highlight the need for compliance training that clarifies employer expectations and reduces uncertainty for employees around compliance obligations.
Adequate training for compliance is vital for every organisation
Training for compliance comes in various forms and carries across every industry, from construction, care, manufacturing, engineering, hospitality, through to education, business and beyond. Adequate training for compliance is not only vital for the physical health and safety of employees and members of the public, it extends to preventing legal penalties and financial fines, not to mention the reputational damage of mistakes happening and getting it wrong.
Having adequate training for compliance is also key in building an ethical and trusted culture by educating employees on the relevant laws, regulations and internal policies around the business they work in. Training to the appropriate level leads to fewer mistakes, greater trust, improved safety, and subsequently, better business performance.
The challenge of keeping up with ever-changing regulations
However, while most businesses understand the importance of training for compliance, keeping up with the ever-changing requirements when it comes to risk can be a challenge for HR. Regulations are updated all the time and new rules regularly come into play. So how do HR ensure that they are providing up to date training material to meet the latest requirements?
Some organisations will designate someone to have ownership for monitoring regulatory changes. This individual has responsibility for ensuring they are aware of any updates and can do this by monitoring Government and regulatory websites, professional bodies such CIPD, signing up to industry-specific newsletter and keeping an eye on any changes. Once changes have been flagged, it can be difficult to determine who is then responsible for updating any in-house compliance training material and ensuring all employees are aware of the changes.
HR can often spend a lot of time keeping course materials up to date, ensuring regulation requirements are accurate and making sure the courses being delivered are not dated. By the time training materials are updated and in-person compliance training sessions organised and delivered, there is always a risk that the regulations would have moved on again.
The benefits of training for compliance online
It can be difficult to bring teams together for training sessions, particularly with off-site and hybrid working. Finding a trainer who can cater for everyone and be in the right place at the right time can add to the logistical nightmare. Then you need to consider how to monitor which employees have completed the training and who is yet to do it.
By providing compliance training courses online, employers can update and disseminate materials quickly. An online LMS (Learning Management System) can monitor which employees need the training, sending automatic updates and alerts to let them know to complete the course. HR are alerted once the training has been done providing an accurate tracking system across the workforce.
Using compliance e-learning training courses means employees can complete the courses in their own time, in a location that suits them and without taking time away from the workplace to do it. This ensures that any regulatory updates can be completed quickly.
Keeping compliance training up to date
Using a specialist online compliance training provider, who can keep up with the latest requirements, also gives organisations peace of mind in knowing that they are purchasing and delivering the most up to date course materials to their staff. It reduces the labour requirements from HR in doing it themselves thus saving valuable time and resources with ready-to-go courses.
Compliance as a tool for long-term success
Having online compliance training for employees helps mitigate risks across the organisation by fostering accountability from the teams to know what to do in the event of certain situations and ensures adherence to certain standards. Compliance shouldn’t be a burden, but a tool for long-term integrity and success, setting the values of the business.
FAQs
Is it better to do compliance training online or in person?
Offering compliance training online means that employees can complete the course in their own time, at a location that suits them. No more having to find space on a face-to-face course, waiting for availability and travelling to locations. Doing the compliance training online means that employees are getting access to the most up to date training materials and can gain necessary accreditations in a matter of hours instead of months.
How easy are the courses to use?
Online compliance training has accessibility at the heart. The course can be completed on any device and can also be delivered in a number of different languages so they are easy to follow. The leaning management system keeps track of who has completed the training, sends automated alerts when something needs completing or when accreditation is about to expire.
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