Compliance training is provided by organizations in order to reduce the risk associated with improper ethical and legal conduct among employees. It is required for many reasons and it’s important, as the costs associated with not providing it can be immeasurable.
When done well, compliance training actually provides strategic advantages in any industry, minimizing financial and operational risks. Though, unlike other trainings, the success of a said training is usually measured by what doesn’t happen versus what does.
Most of us dread it though. It’s a mundane task, monotonous and oftentimes, ineffective to boot. So how can we get the most out of this process, since it has to be done one way or another? What one report recently showed is that there is one way to gain this advantage over your competitors: create a values-based culture of compliance.
Instead of focusing on stand-alone, annual, boring compliance training. Bake compliance values into the culture of your organization at every level and at every step. Weave it into every available channel of communication, every unwritten rule and the overall vibe of the organization, in a holistic manner.
This will require getting executive leadership on board, as they set the tone of the culture by example. Leadership must set expectations through their own conduct and simultaneously promote the value of risk management and compliance. Visibility and transparency of leadership and their conduct will be key.
It will also require leveraging all internal communications in a way that promotes values-based compliance. This will begin with the onboarding process and communications which should explain how compliance behavior aligns with and supports not only the organization’s goals, but also the goals for each individual’s growth and success within it.
Getting employees actively engaged in compliance training is a known challenge in any organization. Using the holistic approach of creating a values-based compliance culture may take more time and planning, but will yield far greater results. Training employees on the legal regulations, safety and security measures, ethics, policies and procedures is important but many times the boring, annual download of information misses the mark entirely. Consider molding your culture itself around highlighting the value of this information instead to help your organization gain that competitive edge in your industry.
Interested in learning more about compliance training and how to make the most of it? Contact us today to get started on your strategy!