10 Jun What training is relevant to compliance
Compliance training is the process of making sure employees understand all the relevant laws, regulations, and internal policies and know how to adhere to them in their daily work.
The training walks employees through examples of how issues of ethics and compliance apply to their roles in the workplace.
Good compliance training helps employees flourish. They know their responsibilities and boundaries and can work productively with less supervision.
Compliance training is different than general training covering job functions and operations – such as how to work the company computer system or file a report. Rather, it covers a broad spectrum of topics and rules.
The topics will include broad business and employment laws, industry-specific regulations, and the principles and policies of the organization itself. It may include discussions of legal and ethical issues as well as company values and operating philosophies.
Compliance training should be compulsory and ongoing. But done well, it’s an opportunity to lay the groundwork for a healthy workplace culture, discuss issues, and proactively address potential problems before they arise.
The exact issues covered in compliance training will differ between companies.
Some industries, such as healthcare, are more highly regulated and risky than others, and therefore will require more training on things such as HIPAA regulations.
Topics organizations may cover in compliance training include:
- Federal and state laws
- Company policies
- Code of conduct
- Data privacy and security
- Fraud detection and prevention (anti-money laundering, anti-bribery, etc.)
- Health and Safety
- Business ethics (gift policy, conflicts of interest,
- Sexual harassment
- OSHA regulations and workplace safety
- Workplace violence
- Risk management
- Workplace substance abuse
- Workplace violence
- Diversity and inclusiveness in the workplace
The consequences of noncompliance can be detrimental to a business. Compliance and ethics violations can result in major fines, drops in revenue, and damage to the company’s reputation.
It’s not enough to simply provide employees with a list of the rules they need to follow. Compliance needs to be built into the corporate culture. Workplace compliance training helps make this happen.