Why You Should Take Your Corporate Compliance Training Online?
If you are running a business, you must realize that corporate compliance training is crucial for the success of your organization. It ensures that your workforce is doing their job appropriately without creating any adverse impact on your reputation, clients, and the environment, and of course, on themselves as well. Although, compliance training involves lot of thorough study and reading but you cannot avoid this as these are the rules and regulations imposed by regulatory bodies that your business has to follow. What you can do is, you can work on making this compliance training highly effective with low taxing for your business.
Following are few major benefits that highlight, why you should take your business’s corporate compliance training online:
- Reduced Costs
Traditional courses based on classroom, whether they involve compliance training or not, are usually cheap. This is because you just need some space that could be your personal one or you can take it on rent as well. Apart from this, you need instructors who can develop the compliance learning material, give its teachings, explain in detail to your workforce, and make preparations and evaluations of tests. Although, you can just order your employees to go through the state-created compliance material, but this approach is totally useless since you have not made any effort to make them understand the real concept.
Online compliance training enables you to deliver compliance e-learning courses and cater thousands of employees at a time irrespective of their place of work, time zone, facilities and departments. You can do all this with a single installation only and without incurring any classroom cost.
- Offers Flexibility
Online compliance training offers great flexibility to your employees, which in turn is quite beneficial for your business. This means the learner can attend the training according to his/her convenience. There is no such requirement that your employees gather in a classroom on a specific time to attend the training. In other word, no physical presence is needed and they can learn at a place of their own choice. The only thing they need is a laptop PC or a desktop, a smarphone or a tablet, and they are ready to participate in the training online at anytime, anywhere they want.
- Easy Tracking of Progress
One of the drawbacks of classroom-based compliance training is that it takes a lot of time to keep track of the progress of your learners. When employees are in huge number, just preparing test results take days and lot of time is wasted, whereas progress tracking becomes even more difficult.
With online compliance training, you get an effective tool without any cost, called “Talent Development Platform”. One of the examples is eFront, which is automatic and makes tracking easy. The instructors and administrators of eFront have the option of checking the progress of learners any time, and getting a comprehensive report highlighting their attendance, grades, awards, certificates and so on. They can either check for a particular employee group or for an individual employee as well.
With talent development platforms available online, you are allowed to award certificates automatically when a specific course or group of courses, is completed by the employee. Not only management of certifications has been made easy with such tools, certification cancellations are also allowed online where employees violate any compliance guideline. This cancellation is automatically displayed in the profile of employee available online.
- Content Re-usability
Content re-usability is another major benefit of online compliance training that cannot be ignored. This means you have the opportunity of reusing the same training content for other group of learners over a long period of time. Although this option is also available in traditional training methods, but the aspect of malleability is absent in this case. The online training material can be cloned easily, can be adapted for various audiences, and shared with different team of learners and so on. You can remove or add content whenever needed, and can develop numerous varying versions of a particular course depending on the audience, like newbies, advanced users, for employees of different organizations, for extended enterprise partners, for desktop learners etc.
Conclusion
It is definitely one of the best decisions to take online your corporate compliance training that is to your company’s intranet or private cloud server rather than sticking to classroom-based compliance training. Whether you are running a small organization or a large enterprise, your company can gain amazing benefits with this decision, in the form of cost reduction, less workflow blockages, increased empowerment of employees etc.
