{"id":21465,"date":"2022-08-07T07:51:02","date_gmt":"2022-08-07T07:51:02","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=21465"},"modified":"2022-08-07T07:51:02","modified_gmt":"2022-08-07T07:51:02","slug":"what-is-compliance-training-and-why-does-it-matter","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/what-is-compliance-training-and-why-does-it-matter\/","title":{"rendered":"What is Compliance Training and Why Does it Matter"},"content":{"rendered":"

If you are a business owner, then compliance training for your staff is very important. If your staff do not follow industry compliance regulations, then your business could get into a lot of trouble and could even be fined.<\/strong><\/p>\n

Compliance regulations exist so that businesses all function properly and don\u2019t cause any harm or damage to their customers or employees, financially or physically.<\/p>\n

Compliance training is a type of training that will bring your staff up to speed with what\u2019s expected of them from industry regulators. This post will deep dive into compliance training, exploring what it is in greater detail and explaining why it matters.<\/p>\n

\"What<\/p>\n

What Is Compliance Training?<\/strong><\/h2>\n

Put as simply as possible, compliance training is training that educates your company\u2019s employees on regulations, laws, and internal company policies that apply to their jobs. If you work in the food sector, then compliance training for your staff could involve learning how to properly handle food, so that they do not give food poisoning to your customers. If you do not train your staff in compliance, then they might not legally be able to do their jobs.<\/p>\n

Why Does Compliance Training Matter?<\/strong><\/h2>\n

Compliance training matters for a number of different reasons. The experts from the team at Work Training<\/a> say that one of these reasons is that business regulatory frameworks are dynamic and ever-changing, so staying ahead of them is very important. As mentioned in the previous section, failing to train your staff in compliance could mean that they aren\u2019t technically legally allowed to do their jobs. Additionally, if they make any mistakes because they weren\u2019t trained in compliance, then they can be taken to court and sued. Your business can also receive very large fines from regulatory bodies.<\/p>\n

Advantages of Compliance Training<\/strong><\/h2>\n

Avoiding Mistakes<\/strong><\/h3>\n

One of the greatest advantages of compliance training is that your staff are less likely to make mistakes. If your staff are constantly making mistakes, then it could impact their productivity. Stunted productivity inevitably leads to reduced profits. In addition to preventing you from losing out on money, training your staff not to make mistakes will also make their jobs a lot safer for them, especially if they perform manual labour. If your staff injure themselves because you have not trained them properly, then you could get sued.<\/p>\n

\"What<\/p>\n

Confident Staff<\/strong><\/h3>\n

If your staff feel more confident, then it\u2019s very probable that they will begin performing better. A lot of businesses underestimate the importance of staff satisfaction and confidence<\/a>. When your team feel very confident in their jobs then they are more likely to take risks in their jobs, which could increase your profits. More satisfied and confident staff are also likely to work a lot harder (and faster). If your staff are able to significantly boost their productivity and your company\u2019s profits increase, then you should begin offering promotions and bonuses. You should always treat your staff if they perform well.<\/p>\n

Compliance<\/strong><\/h3>\n

Another of the main benefits of compliance training is that your company will be industry compliant, meaning that you aren\u2019t going to be suddenly audited<\/a> and find yourself being fined. A lot of companies don\u2019t train their staff in compliance, which is a very reckless thing for them to do. While there\u2019s no guarantee in your time owning a business that you are ever going to be audited, there is still a chance that it could happen. If it did happen and your staff were not trained properly, then you could get into a lot of trouble and even be forced to close your business.<\/p>\n

Safe Workplace<\/strong><\/h3>\n

When all of your staff are trained in compliance, your workplace instantly becomes a much safer place for everybody<\/a>, yourself included. It\u2019s especially important to ensure compliance training has taken place if you are in charge of a worksite that involves manual labour or the use of machinery. If your staff are not trained, they could seriously injure themselves or others. Any workplace fatalities or injuries that take place because your staff were not properly trained can result in you being taken to court and sued. Proper training is always necessary though, even if manual labour doesn\u2019t take place in your workplace.<\/p>\n

Organisational Policies<\/strong><\/h3>\n

A large focus of this post\u2019s content so far has been on external compliance, i.e., compliance with regulatory bodies. Something that hasn\u2019t been covered (but is of equal importance) is internal organisation policies. Part of your team\u2019s compliance training will be learning about your business\u2019s organisational policies. It is very important that they are taught about them so that they do not break any of the rules that you have set. Internal policies help you to manage and govern your company a lot more effectively. If you do not have any organisational policies in place, then your staff won\u2019t know what\u2019s okay and what isn\u2019t.<\/p>\n

Boost Reputation<\/strong><\/h3>\n

Training your staff in compliance can boost your company\u2019s reputation. Other companies will recognise that you take compliance very seriously and don\u2019t take any shortcuts. This will help to build your reputation in your industry, with consumers and business owners. It could lead to you being given opportunities to collaborate with other businesses and will most certainly increase the number of sales that you make. Other ways to boost your reputation include only selling high-quality products, ensuring that your staff are very polite, and investing a lot into your company\u2019s customer support department.<\/p>\n

Company Auditing<\/strong><\/h3>\n

Lastly, when you train staff in compliance, you have an auditing trail. If your company is ever audited by regulatory bodies, then you will be able to show to them that you have trained your staff effectively, according to the regulatory body\u2019s required standards. Make sure that when you are training your staff that you cover every single point that\u2019s required by these bodies, so that when auditing time comes, you don\u2019t get into any trouble. The best way to ensure that your staff receive full training is to hire a professional agency that\u2019s well-informed in your industry to conduct it.<\/p>\n

Staff compliance training is very important. If you don\u2019t train your staff in compliance, then you could get into a lot of trouble (and they could injure themselves). Compliance training is affordable, straightforward, and essential for your company\u2019s success.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you are a business owner, then compliance training for your staff is very important. If your staff do not follow industry compliance regulations, then your business could get into a lot of trouble and could even be fined. Compliance regulations exist so that businesses all function properly and don\u2019t cause any harm or damage […]<\/p>\n","protected":false},"author":7,"featured_media":21467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":""},"categories":[3585],"tags":[],"acf":[],"yoast_head":"\nWhat is Compliance Training and Why Does it Matter - OpenBusinessCouncil Directory<\/title>\n<meta name=\"description\" content=\"Compliance training is affordable, straightforward, and essential for your company\u2019s success.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.footballthink.com\/what-is-compliance-training-and-why-does-it-matter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Compliance Training and Why Does it Matter\" \/>\n<meta property=\"og:description\" content=\"Compliance training is affordable, straightforward, and essential for your company\u2019s success.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.footballthink.com\/what-is-compliance-training-and-why-does-it-matter\/\" \/>\n<meta property=\"og:site_name\" content=\"OpenBusinessCouncil Directory\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-07T07:51:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.footballthink.com\/wp-content\/uploads\/2022\/08\/What-is-Compliance-Training-and-Why-Does-it-Matter.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"870\" \/>\n\t<meta property=\"og:image:height\" content=\"580\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hernaldo Turrillo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hernaldo Turrillo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.footballthink.com\/what-is-compliance-training-and-why-does-it-matter\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.footballthink.com\/what-is-compliance-training-and-why-does-it-matter\/\"},\"author\":{\"name\":\"Hernaldo Turrillo\",\"@id\":\"https:\/\/www.footballthink.com\/#\/schema\/person\/b9610afd0759dc701187a7f622375c23\"},\"headline\":\"What is Compliance Training and Why Does it Matter\",\"datePublished\":\"2022-08-07T07:51:02+00:00\",\"dateModified\":\"2022-08-07T07:51:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.footballthink.com\/what-is-compliance-training-and-why-does-it-matter\/\"},\"wordCount\":1079,\"publisher\":{\"@id\":\"https:\/\/www.footballthink.com\/#organization\"},\"articleSection\":[\"Business Resources\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.footballthink.com\/what-is-compliance-training-and-why-does-it-matter\/\",\"url\":\"https:\/\/www.footballthink.com\/what-is-compliance-training-and-why-does-it-matter\/\",\"name\":\"What is Compliance Training and Why Does it Matter - 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