Compliance Training Is Good for Employees
Research has shown that employees who receive compliance training are more productive, have lower turnover rates, are more efficient and need less supervision. Knowledgeable employees make fewer mistakes.
It Helps Them Understand and Follow the Law
While most employees will have a common-sense understanding of the types of workplace conduct that are obviously improper, many legal and policy requirements are not obvious or may run counter to some employees' social or cultural norms. Likewise, there are many subtleties in the laws related to data privacy, information security, anti-competitive conduct, insider trading, record management, acceptable Internet usage, and similar workplace issues that go beyond just a common-sense understanding.
It Fosters Trust and Loyalty
Training makes employees feel that they are part of their organization's family. It instills pride in the organization's products and services. An organization that offers employee training demonstrates that it is interested in its employees' professional development and/or skill enhancement. When employees realize that the organization is investing in them, they reciprocate with loyalty.
It Supports a Culture of Integrity
Requiring all employees to receive training regularly on their compliance responsibilities gives everyone an active role in creating and maintaining a productive, ethical and respectful workplace. A positive work environment generally leads to fewer wage demands, less absenteeism, and a longer list of job applicants.