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The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Editor's Note: Take a look at our featured best practice, Training Needs Analysis (TNA) (72-slide PowerPoint presentation). Training Needs Analysis (TNA) goes beyond mere employee preferences or superficial surveys. It's a strategic process focused on aligning training with business objectives and bridging performance gaps. This training PowerPoint will provide you with a comprehensive understanding of TNA, [read more]
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The fact that an effective and efficient Corporate Compliance Training (CCT) forms the heart and soul of an organisation is no overstatement. Corporate compliance acts as a linchpin between the employees and the management. It ensures that all your employees follow a predefined set of rules and regulations.
Before you begin developing any new eLearning program or module, it is important for you to know the reason behind its creation and development. Tell your staff about the problems your module and put to rest. Also, it is advisable to throw ample light on the legal risks and liabilities associated with the module.
If you have a comprehensive CCT at your disposal helps keep your staff members up-to-date with all the responsibilities related to compliance. Furthermore, it will also help you keep unnecessary breach costs at bay.
The point that one needs to keep in mind is: Different organisations will have different compliance training programmes. Therefore, listing out the various risk-prone areas within your business holds an extremely high degree of significance.
If you want your Corporate Compliance Training programme to work, then you will need to spend a considerable amount of time in order to maintain it. Once a programme has been created, you want it to work in the long run, don’t you? To ensure that your programme works smoothly, updating it regularly happens to be of utmost importance.
The process isn’t all that difficult. You can start by making a list of things that are required by the organization. Having an experienced management team at your disposal is equally important. Furthermore, you cannot do every single thing simultaneously. Prioritize everything and go step by step.
Create a weekly plan and determine the amount of time you can invest in compliance training. Also, make a detailed list of resources that are required. Simply put, you cannot wait for things to happen. You’ll need to make things happen.
Quite a few organisations make this mistake of developing and offering generic courses that do not cater to certain specific requirements of the business houses. This ends up creating a gap between ‘what is required’ and ‘what is offered.’ If an eLearning module does not cater to the specific requirements of a business, then engagement rates are likely to witness a plunge.
In order to avoid such a situation, L&D teams need to focus on creating content that is rich in context. No matter how creative your content is, if it doesn’t sell, it is useless.
If you really want your compliance training program, then you need to understand the needs of the organisation and its employees. A majority of L&D teams nurture a notion that developing resources is a time-consuming process. The truth, however, is that creating digital resources does not eat up too much time. In fact, resources can be created within minutes and can also be customized to suit the needs and requirements of various heterogeneous target groups.
Focus on providing your employees with solutions that make their life easier. Provide them with resources that help them stay updated regarding the workplace’s rules and regulations.
Always keep this in mind: Never limit the accessibility of your employees to the company’s information. Your employees run the risk of missing out on various important updates if the accessibility to your modules and resources are limited.
Moving on, make sure that the platform you’re putting to use isn’t time consuming. An irksome and time-consuming module or resource can hamper the engagement aspect.
You can download in-depth presentations on Employee Training and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.
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These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.
