Most, if not all, employees in organizations have gone through compliance training courses, with the specifics varying across industries. Regardless of the industry, compliance would most likely include legal regulations, professional ethics, safety, and security, along with internal policies and procedures.
Whether physical or online from platforms like True Office Learning, such sessions are provided to manage the risks and costs of improper conduct or ethics. However, the typical mandatory “read-and-sign-to-agree” approach ends up being only for formality’s sake. Sure, your legal team will be happy, but it ends up being a waste of time and money when you provide compliance training materials no one will care for.
So how can you stop wasting money on the wrong type of training? Here are some tips to follow:
- Evaluate the current program
Before anything else, review the current compliance training strategy to know what’s working and what isn’t. That way, you know what to keep and what parts or resources to remove to reduce spending in the next session.
For instance, you aren’t using specific training resources, which need regular upkeep and take up most of your training budget. Remove that to make way for more valuable resources or revamp it as required.
- Use curated content
You might already find a lot of online content covering compliance issues and topics. Much online content might improve employee comprehension and engagement, such as exciting guides and videos that talk about compliance-related tasks.
Compile all the external resources and their links, along with an explanation of how it’s related to compliance training. Make sure that you credit the source and ask permission to use it, though! The good part about this is that you save time and money developing your own modules on compliance training, and your resources come from experts in the topic.
- Opt for an eLearning tool
You need to spend money to make money, and that rule also applies to saving money. Invest in eLearning tools like themes, graphics, templates, among other training assets. This will have your business cut costs in the long run.
Using curated content saves time and money because you now have a foundation to develop your training modules without beginning from scratch. What may make it more beneficial than curated content is that you won’t have to depend on third-party assets.
- Outsource time-consuming tasks
Isn’t this essentially wasting money? On the contrary!
Outsourcing time-consuming and complicated tasks can have you save more and allocate your resources better.
For instance, hiring an expert on specific subject matters can ensure that all the key takeaways are part of the training and that all employees leave with accurate compliance knowledge. Or, you may want to hire a graphic designer that can create engaging and informative simulations or posters on compliance.
Wrapping It Up
Compliance training is a huge necessity in the workforce but can drain your resources. Prevent that from happening by following the tips above!