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Join me on October 30th for a webinar sponsored by ePath Learning, featuring ePath’s VP of Product Management Donna Lord. We will discuss the ways some learning technologies can expedite the software-validation process for regulated companies while greatly reducing the risks and costs associated with compliance.
The current number one L&D priority for organizations isn’t something edgy like AI or virtual reality. Nor is it another technology-related item like mobile delivery or social learning. In Brandon Hall Group’s 2018 Learning Strategy Survey, compliance was cited by more companies as a high priority than anything else.
When you look at organizations in industries where compliance and regulation are even more critical, such as life sciences, healthcare, manufacturing and finance, compliance is number one with a bullet-marked by nearly 70% of companies as a high priority.
This brings me to the age-old compliance conundrum:
- Compliance training is critically important to many organizations and their ability to function as a business.
- Compliance training is boring and considered a necessary evil.
Compliance can mean the difference between paying fines or not, being in business or not, and literally the difference between life and death. The problem is that if we continue to treat compliance training the way we do (#2), it is going to make #1 increasingly difficult.
This type of training is necessary, but it doesn’t have to be evil. Whether it is ensuring there’s no harassment on the job, keeping chemicals from being sprayed into workers’ eyes or following laws, rules and regulations, it is critical we deliver compliance training in an effective and engaging way to protect our people and the business. Otherwise, companies run the risk of being caught short. In our most recent Compliance Study, only 40% of companies said they were thoroughly prepared for a compliance audit.
To mitigate risk, companies must stop looking at compliance training solely as an exercise in avoiding risk. Instead, the business-related outcomes of the training should be at the forefront. Ideas like making a better work environment, demonstrating that the employees’ health and well-being are important or even making the company known for “doing the right thing” are all far more engaging concepts than avoiding fines.
Please join me on October 30th for a webinar sponsored by ePath Learning with their VP of Product Management Donna Lord on October 30thto explore the ways some learning technologies can expedite the software-validation process for regulated companies, and greatly reducing the risks and costs associated with compliance.