Understanding business tools is key to the success of a company as a whole. Some corporations take for granted that human resources (HR) and other essential personnel will come on-staff already knowing all the in’s and out’s of a respective management system, but that’s not always the case.
If there are no compliance guidelines in place, or if a worker isn’t aware of what they are or how to implement them, the likelihood that output quality will decline is high. Incurring potentially costly compliance errors or undergoing audits is also more probable in these cases. Therefore, investing in employees should incorporate eLearning development to ensure comprehension and consistency.
Choosing regulations
Companies can’t pick and choose which federal compliance laws to uphold and which to ignore, so discarding optional certification shouldn’t be acceptable either.
The National Regulatory Services (NRS) and the Investment Adviser Association (IAA) focus on compliance for investing and finance industries, requiring in-depth knowledge and hands-on work experience. Training is key in obtaining certification and the IAA’s director, David Tittsworth, told Reuters that compliance specialists must strive for excellence to propel themselves into a respected status in a business.
“Programs promote professionalism in the compliance function,” Tittsworth told the news source. “[Certificates] give students a credential they can use to advance.”
Investing in custom training software to prepare compliance officers for certification tests can also be used to give vital information to other employees involved in the process on how to uphold guidelines and properly perform job duties.
Effectiveness of training
Even though compliance specialties are new, the benefits of training these individuals are substantial. According to a study by Proviti, not only do well-trained employees spend less time completing the same tasks without sacrificing quality, they also save the organization money in the long-term by reducing errors and streamlining existing procedures.
“Companies are still learning and working to improve continuously the quality of internal controls as well as the effectiveness and efficiency of their compliance process,” said Proviti’s vice president Brian Christensen.
Cutting down on the need for audits while improving effectiveness and implementation through education means custom training software should be essential for any company concerned with getting these vital processes right.
CSE Software Inc. is a leader in custom eLearning development. The CSE development team will help businesses define their needs and create compliance training to aid in any certification needed; including finance, healthcare and HR certifications. CSE eLearning systems are SCORM and AICC compliant.
Contact Stacey Burris at sburris@csesoftware.com or 1.309.670.7595 and ask for a eLearning demo today!
