Compliance training is a formal program that educates employees in an organization about the policies, procedures, and actions required to prevent both the issues/concerns in the workplace and violations of the law. According to a Brandon Hall Study, 77% of organizations face an external compliance audit at least annually. Only 48% believe they are fully prepared for a compliance audit.
Compliance training is always a part of the risk management system in an organization, and this serves a purpose as it helps new hires to understand about employer’s rules and expectations. It also provides an opportunity for employers to review all laws, regulations, and protocols which in return helps to minimize the risk of any legal actions. We need to understand about Training compliance as it’s also important while delivering the training. The training norms as per industry standards are required to be met to say that training delivered is in accordance with the defined protocols.
Let’s read and understand what role a learning management system plays in increasing the effectiveness of the compliance training in an organization. The LMS helps to streamline the management of these training and gives the organizations an upper hand in getting the workforce compliance-ready at the earliest.
Role of LMS in Compliance Trainings
Quick, easy to update and ready to roll-out
The compliance training is required to be rolled out quickly so that workforce is compliance-ready at the earliest. The LMS can help to assign these training to the huge workforce at a faster rate. Compliance laws and regulations are continually evolving, and regulators fully enforce organizations staying on top of these changes to update curriculum, deadlines, and courses. An LMS centralizes all your content so that updates are done quickly.
Flexible and Fun Course Content Delivery
For an individual, reading corporate policies and procedures isn’t an idea of fun. LMS can help organizations deliver learning content through a variety of interactive ways. Implemented well, these can entice employees, making the whole experience more enjoyable. Most LMS also offer mobile device compatible training for participation on the go, which saves cost and time. The flexibility to engage whenever and wherever learning by the users can have very positive effects on employee information retention and long-term outcomes.
Automated Training Reminders and Notifications
With the help of an LMS, organizations can ensure compliance training is completed on time, every time, with convenient, customizable, and trackable automated reminders and notifications. With an LMS, training status reports can be generated with a click of a button. An LMS helps to show who is not compliant, and the system even sends out automatic notifications to remind learners about due dates and deadlines.
Comprehensive Assessments and Reporting
LMS assessment and reporting capabilities tend to be extensive, including live tracking of engagement and completion. The system helps with advanced analytics to highlight specific trends and statistics from the course modules.
Easy Certification Management
For industries or organizations with mandatory certification requirements, keeping track of who has completed training can be a tedious job. With the help of a good LMS, you can easily automate most of the certification management and retraining processes.
To summarize, compliance training is essential when it comes to building and maintaining trust within an organization. The workforce must be compliance-ready, and they need to complete the training regularly as per the new standards and regulations. Our team of experts at G-Cube with 21+ years of expertise has developed LMS products to fulfill all the compliance training requirements by an organization in any of the sectors. To know more, please contact us.