Beyond the legal requirements, annual compliance training has additional benefits:
Risk reduction – Minimize the financial liability that may arise from a misstep taken by an employee. Many of today’s regulations carry hefty fines for violation that could have a serious impact on the business.
Strengthens workplace culture – Ensure employees understand the organization’s expectations for their interactions with colleagues and customers. The ability to meet high standards contributes to employees’ pride in the company and builds workplace culture.
Increased efficiency and productivity – Being compliant with applicable regulations usually means sticking to carefully-defined processes. These streamlined workflows enable employees to operate more efficiently within a framework that promotes correct decisions. It also means that work is being done consistently, no matter who is performing it.