How Compliance Improves Time-to-Market

How Compliance Training Improves Your Time-to-Market

Compliance training tutors your employees on the laws or regulations relevant to their role or industry. These laws

Compliance training tutors your employees on the laws or regulations relevant to their role or industry. These laws are predominantly in place to preserve the safety of the workplace and the well-being of the employee. Of course, compliance training is mandatory across most categories and hence there is a sharp focus on recording completion. Compliance training covers a wide array of courses depending on the industry, location, and other activities that dictate what you are required to comply with. Usually, compliance training courses include:

  1. HR and Workplace Law
  2. Information Security Training
  3. Workplace Safety
  4. Workplace Violence
  5. Anti-Harassment Training
  6. Diversity Training

Adhering to your industry’s regulations is essential, which is why most companies invest in compliance training. This is not just to tick a regulatory box. A Brandon Hall study revealed that 49% of the organizations surveyed considered compliance training a priority critical to their business.

Why is Compliance Training Necessary?

Most organizations rely on compliance training to reduce risks and avoid litigation and penalties. These training courses ensure that employees adhere to the many rules, laws, and regulations that govern the industry.

Compliance is not just about laws and policies. It’s about giving your employees the appropriate skills and training to manage the complexities of legislative regulations—and perform their jobs more securely and efficiently. Apart from reducing legal problems, unhappy employees, and heavy fines, compliance training builds trust and helps in creating transparency.

Another reason to focus on compliance training in your company is the reality of audits in highly regulated industries. A survey revealed that nearly 90% of the highly regulated organizations face an external compliance audit at some point. Scheduled compliance audits are unavoidable, and audits are triggered by a report of a violation. And while your company typically isn’t accountable for the cost of an auditor’s time, an unexpected audit can obstruct organizational operations in several other ways. Well-trained employees will help you avoid unexpected audits as they are more compliant.

It wouldn’t be wrong to say that compliance training programs are like a preventative measure. They help prevent poor conduct and drive proper governance in your company. These courses help in minimizing risk, maintaining a good reputation, and create a better atmosphere for your employees. Of course, helping employees stay on the straight and narrow and ensuring all regulations are followed, ensures they help the organization stay on track with their strategies. In this way, they up productivity and significantly improve time-to-market. Here’s how.

How Can Compliance Training Improve Time-to-Market?

  1. Eliminates Delays & Rework

Compliance training programs can help eliminate steps that don’t comply with your industry or company policies, thereby minimizing time wasted in rework or making reparations later. While bottlenecks will always exist, and they may come in different forms such as conflicts or poor team management—courses like diversity training, workplace training, and HR law can help in addressing these bottlenecks by equipping employees with the necessary skills to handle unwanted situations. Well-trained employees will also ensure more comprehensive documentation. This, in turn, will make certification and validation faster -a major time-guzzler in industries like pharma and medical devices.

  1. Effective Governance

Owing to its complexity, compliance demands guidance and inputs from different parts of the organization. In most companies, there is a dedicated group to monitor and govern compliance. This function manages the continuous influx of new and dynamic regulations, as well as stays up-to-date with the latest trends. An updated training program powered by eLearning can ensure that new regulations are quickly communicated down the line at the earliest. Everyone can be on the same page. This leads to a shared goal of a genuinely compliant organization, where all employees are moving in the same direction.

  1. Increase in Productivity

Compliance training can have a positive impact on the employees and the atmosphere in the company as it can drive the right actions. Consider, for example, adherence to regulations related to health and safety. Well-trained employees will enable a healthier workplace with less absenteeism.

Compliance is also crucial for employee retention, as employees who feel insecure or unjustly treated at work will leave the company sooner. Internal compliance covers aspects such as employee benefits, wages, compensation, employee protection, and safety. Employees with the right training can ensure that the organization is fully compliant in these areas. This has the potential to create a better work environment. Ownership, initiative, and, ultimately, productivity is high because employee morale and well-being are elevated when they feel that they are in a safe environment.

Organizations that treat compliance as a strategic imperative rather than as a burden tend to be more process-oriented, better organized, and well prepared. These organizations also tend to focus on compliance training. Is it hard to imagine that these organization also tend to achieve an accelerated go-to-market?

How can we at eNyota help with your compliance needs?

Wondering how to ensure your organization’s compliance? At eNyota, we provide organizations such as yours with an array of options to design and develop their compliance courses. It doesn’t always have to be over the top! Compliance courses are preventive measures aimed at informing, educating, and safeguarding your employees, it is safe to say that simple but effective compliance courses will definitely do the job!Contact Us at Abara LMS

Leave a Comment

20 − one =