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Often companies will fail to recognize the many advantages of compliance training. Instead, they only concentrate on avoiding the consequences and penalties of non-compliance.
Good compliance training can show Employers and professionals how their training can impact their company in terms of “good faith defense” by establishing compliance initiatives.
63% of organizations believe their compliance program helps reduce legal costs, fines, litigation, and resolution time.
While organizations pay an average of $10,000 in regulatory costs annually per employee, non-compliance leads to over $5 million in business disruption losses including operational disruptions.
Non-compliance can do some serious damage to a company. In the worst-case scenario, destroy it.
Employers and Professionals Can Impact the Results of Audits By Establishing Compliance Initiatives. Compliance initiatives can be the
“Good Faith Defense”-is what auditors look for when they conduct audits at companies. They look for several factors during an audit as identified below:
These factors can determine the amount of penalties, level of penalties, and fines based on the company’s compliance efforts or lack of those efforts. This risk management strategy can be a huge benefit for Employers and professionals especially when it comes to all the compliance e-learning training we will offer as part of our new E-Learning initiative.
Good Faith Efforts/Initiatives- Auditors look for the factors below when making the decisions to assess fines and penalties. The following factors are considered when assessing the Company’s compliance efforts.
The term eLearning (aka electronic learning) describes the delivery of learning, training, and development through digital means. This means resources and assessments are administered through computers, tablets, and even phones, offering users anytime, anywhere access to learning, often even without an internet connection.
Compliance training is more than a checkbox for businesses; it’s a critical step in ensuring that teams are up-to-date with legal standards and company ethics. Traditionally, this training has been a mix of in-person sessions and hefty manuals, often resulting in a less-than-ideal uptake of crucial information.
The effectiveness of training, especially in compliance, is critical. It’s not enough to provide the information; it must be absorbed and applied. This is where traditional methods often fall short. They need more engagement and practical relevance than modern workforces require for genuine understanding and implementation. Compliance training has always been a critical component of any organization’s employee engagement framework. It educates employees about the necessary legal, ethical, and operational standards they are required to adhere to in their daily work.
Finally, having the Equal Employment Opportunity Commission (EEOC), Department of Labor (DOL), Department of Homeland Security (DHS), and OSHA, compliance training E-Learning reduces your risk of non-compliance.
Workplace compliance is also critical for HR professionals, managers, supervisors, and other professionals to expand the compliance team which is responsible for managing all the regulations. makes it easy to track which employees have completed their training, when they last completed their compliance training, and more. To make sure you are always legally compliant, you should move your compliance training online!
Good Faith Efforts/Initiatives- Auditors look for the factors below when making the decisions to assess fines and penalties. The following factors are considered when assessing the Company’s compliance efforts.
One of the most important benefits of compliance training is that it’s a cost- effective way to reduce the risk of non-compliance.
Most legal violations that occur within businesses are preventable. Compliance training helps you develop policies and procedures that make sure your business stays in line with industry regulations.
By encouraging employees to learn about their responsibilities and helping them understand how to comply with those responsibilities, you help ensure that they will take that knowledge and apply it in their day-to-day activities.
Doing so will save time and money down the road—and will keep your customers
and employees safer than ever before.
Another huge benefit of moving your compliance training E-Learning is that it can be less expensive for your organization. Creating your learning content can be very time-consuming and difficult.
However, E-Learning compliance training makes it easier and less expensive to create digital resources that are useful for your employees. This also makes it easier to update your training as your organization faces change.
Finally, you will save more money in the long run by creating more productive employees. While compliance training may take a few hours out of your busy schedule, it will help your employees become better at their jobs.
One of the most important benefits of compliance training is that it’s a cost- effective way to reduce the risk of non-compliance.
Most legal violations that occur within businesses are preventable. Compliance training helps you develop policies and procedures that make sure your business stays in line with industry regulations.
By encouraging employees to learn about their responsibilities and helping them understand how to comply with those responsibilities, you help ensure that they will take that knowledge and apply it in their day-to-day activities.
Doing so will save time and money down the road—and will keep your customers
and employees safer than ever before.
Another huge benefit of moving your compliance training E-Learning is that it can be less expensive for your organization. Creating your learning content can be very time-consuming and difficult.
However, E-Learning compliance training makes it easier and less expensive to create digital resources that are useful for your employees. This also makes it easier to update your training as your organization faces change.
Finally, you will save more money in the long run by creating more productive employees. While compliance training may take a few hours out of your busy schedule, it will help your employees become better at their jobs.
E-learning courses are also much easier to manage. Our system not only tracks the e-learning training, it also provides digital products, customized training topics, and other benefits.
This automation makes it easier for your employees to manage their progress and will confirm training attended.
E-learning platforms also allow you to measure and track the performance of your compliance course. You can see what aspects are working and what parts need to be changed without having to rely on employee feedback.
This also makes it easier for you to gather data to help you improve your training materials in the future. With this new data, you will create better compliance courses that will make a difference for your employees.
The membership portal is a private, gated part of your online membership access, a password-protected website that offers exclusive content and training. With a free membership site, you grant access to prime content, assets, or products. You can offer a combination of free and paid levels within the same site, allowing your customers to upgrade their memberships according to their needs. Each of the membership options will have the member have access to the member portal with access to all the level services and review of their membership level.
HR Compliance Solutions offers comprehensive compliance training through e-learning, webinars, seminars, and virtual sessions
