Relevance of Corporate Compliance Training in Organizations

Relevance of Corporate Compliance Training in Organizations

Relevance of Corporate Compliance Training in Organizations

Compliance training is the process of explaining to employees the laws, regulations, and company policies that they need to comply with while they are on their job. It encompasses a wide range of topics such as Code of Conduct, Information Security, Record Keeping, Trade Secrets, Workplace Harassment, etc.

Compliance training plays a critical role in the existence and growth of organizations. It helps them to comply with the applicable regulatory standards. To achieve this, effective compliance training should be offered to the employees.

There is a rising focus on legal and regulatory compliance; many organizations are opting for compulsory and continuous compliance training of their employees. Because the laws, rules, regulations, and policies get revised frequently, it is beneficial for the employees to undergo continuous compliance training to keep them up-to-date.

Organizations give compliance training to their employees to:

  • Explain the importance of rules, regulations, and policies that apply to their work
  • Define what is expected from them in the work place
  • Inform them of the consequences of non-compliance
  • Avoid penalties and legal liabilities for the company

Compliance is a subject which depends on the interpretation of the learners. The same situation may be interpreted differently by different people. The main aim of compliance training is to make the learners understand the concept and explain what the organization expects from them. The learner should be able to assess the situation and take appropriate decisions on what they should do and what they shouldn’t.

View Presentation on Effective Compliance Training Program – Ways to Reduce Compliance Risks