{"id":15198,"date":"2023-05-26T14:30:43","date_gmt":"2023-05-26T14:30:43","guid":{"rendered":"https:\/\/www.walkme.com\/blog\/?p=15198"},"modified":"2023-05-26T14:30:43","modified_gmt":"2023-05-26T14:30:43","slug":"compliance-training","status":"publish","type":"post","link":"https:\/\/www.walkme.com\/blog\/compliance-training\/","title":{"rendered":"How compliance training leads to business success"},"content":{"rendered":"\n

Would you want to eat in a restaurant that had failed a hygiene inspection? Probably not. That’s because you know that hygiene regulations make kitchens safe. When a restaurant prides itself in compliance, customers can rest assured that they are getting the quality service and products they need.<\/span><\/p>\n\n\n\n

For business owners, legal compliance feels like yet another burden. But for consumers, it offers them peace of mind.<\/span><\/p>\n\n\n\n

Food hygiene is, of course, just the simplest example. <\/span>Compliance regulations<\/span><\/a> govern various business behaviors – from employee rights to advertising to financial transactions. Organizations are starting to expand their global <\/span>compliance programs<\/span><\/a> in an effort to  maintain their reputation, protect the consumer and, ultimately, create a more secure global business environment.<\/span><\/p>\n\n\n\n

Good training is an important step to secure compliance. Bad training is not enough when you have complex unit-specific and organization-wide protocols. Box-ticking and form-signing will only take you so far. A <\/span>key HBR article<\/span><\/a> explains that paper trails can make a “pro forma” exercise, which staff signs without changing their behavior.<\/span><\/p>\n\n\n\n

This article will give you the low-down on compliance training. We\u2019ll discuss how to deliver it, who is responsible for it, and who monitors it. We’ll explain why it’s important and show you the types of compliance training you may need. Finally, we’ll consider how you can evaluate training. <\/span><\/p>\n\n\n\n

What is Compliance Training?<\/b><\/h2>\n\n\n\n

In a business context, <\/span>compliance<\/b> is an organization\u2019s responsibility to behave within all relevant laws, regulations, and industry standards that apply to its operations. Compliance can cover many areas, including financial regulations, data privacy and security, environmental regulations, health and safety regulations, and labor laws. Compliance standards also cover internal company policies. <\/span><\/p>\n\n\n\n

Compliance training<\/b> programs are one of the most effective strategies for achieving compliance. The industry constantly changes, and you cannot assume all staff members have up-to-date knowledge. If your staff fully understands key industry policies, you have a much higher chance of fulfilling your regulatory obligations.<\/span><\/p>\n\n\n\n

In this section, we’ll think about three aspects of compliance training: training methods, the importance of training programs, and how compliance is monitored.<\/span><\/p>\n\n\n\n

Methods of compliance training <\/b><\/h3>\n\n\n\n
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Choosing a training method is very important.<\/span><\/p>\n\n\n\n

As Thomas Schneider clarifies in <\/span>Tools of Effective Compliance<\/span><\/i> (2023), successful compliance results from decision-making, setting goals, culture, leadership, and more. But he also shows that your choice of training method is one of the most important factors. <\/span><\/p>\n\n\n\n

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He explains, “When reading a compliance policy, the retention rate is 10%. Watching a movie increases this rate to 50%, but only simulation and practical implementation lead to 90%.\u201d<\/span><\/p>\n\n\n\n

Many compliance training methods you can use are similar to other types of employee training. <\/span>That might include:<\/b><\/p>\n\n\n\n