Compliance training is a critical aspect of ensuring organisational success, but it is also one of the most challenging types of training to deliver. It requires a thorough understanding of the regulatory framework, an ability to communicate complex legal requirements, and a strong commitment to ethical behaviour.
In order to provide employees with the best possible training experience, organisations should consider housing their compliance training within a specialised Compliance Learning Management System (LMS), instead of using a standard LMS like GO1.
Here are some of the benefits of using a Compliance LMS for your compliance training needs:
1. Specialised Content
A Compliance LMS offers specialised content designed to meet the unique needs of compliance training. This includes topics such as anti-money laundering, modern slavery, preventing sexual harassment, and privacy, which may not be covered in a standard LMS. Compliance LMS providers work with subject matter experts to develop high-quality content that meets the specific requirements of regulatory bodies, ensuring that learners receive accurate and relevant training.
2. Regulatory Compliance
Using a Compliance LMS ensures that all compliance training materials are up-to-date with the latest regulatory requirements. This is essential to ensure that employees are properly trained and that the organization is in compliance with regulatory requirements. Compliance LMS providers continuously update their content to reflect the latest changes in regulations, saving organisations time and effort in keeping their compliance training up-to-date.
3. Policy Distribution
Many Learning Management Systems (LMS) don’t allow you to update your policies and distribute them across your organisations to capture staff agreements. With a Compliance LMS, you can ensure that your courses are in the one place, as well as distribute updated policies. Housing policy distribution with your compliance training can benefit organisations by ensuring employees have access to and understand policies, reinforcing the importance of policies and regulatory compliance, reducing the risk of non-compliance, facilitating easier policy updates, and demonstrating a commitment to good governance and ethical behaviour.
4. Reporting and Analytics
It offers robust reporting and analytics features that enable your organisation to track learner progress and ensure compliance. This includes tracking completion rates, identifying knowledge gaps, and monitoring learner engagement. These features enable organisations to ensure that their compliance training programs are effective, and to identify areas where additional training may be required.
Not all providers offer customisation. With a Compliance LMS, you can tailor your training programs to meet your specific needs. This includes the ability to customise training materials, assessments, and reporting features. This ensures that learners receive training that is tailored to their specific job roles and responsibilities.
6. Reduce Risk and Avoid Reputational Damage
It reduces the risk of non-compliance by ensuring that employees are properly trained and that your organisation is in compliance with regulatory requirements. This reduces the risk of regulatory fines, legal action, and reputational damage.
In conclusion, a Compliance LMS is essential for effective compliance training. It provides specialised content, ensures regulatory compliance, offers robust reporting and analytics features, enables customisation, and reduces the risk of non-compliance. By using a Compliance LMS, organisations can ensure that their compliance training programs are effective, efficient, and meet the unique needs of their learners.
Safetrac’s Compliance LMS brings everything together in one hub. You can choose Safetrac courses or upload your own, run surveys and reports, as well as distribute policies across courses. Find out more about our Compliance LMS here or get in touch with us today.