- Training is vital to a strong and effective compliance program. Educating your employees and/or distribution partners about your policies and procedures, as well as regulatory requirements, serves to set clear limits about what is and what is not acceptable. This, in turn, supports your company’s culture of compliance.
- Training is one of the most cost-effective ways to bolster your compliance efforts. As noted in “teach a man to fish,” training and education is a great multiplier. If you would like to have more resources and expertise in your program, but do not expect to get more people, training can be a way to maximize the capabilities of your department. Reach out and make training available on various compliance issues and teach your company to fish.
- A training program gives you analytics to document, document, document. It is an old adage in compliance that it didn’t happen if it isn’t documented. Having a training program in place allows you to document what training was offered to whom and when. It further provides for the option to quiz/test thereby being able to document acquisition of information by particular people. If there is ever a question of who was told what, a formal program can provide you with the documentation you need.
There are many more specific reasons why training might be the compliance answer you seek. Whenever we ask the question, “How can our clients get the most bang for their buck?” we almost always land at “Training.” That is why we are committed to offering a comprehensive compliance education program. Watch this space for more information as we move toward the launch of this exciting initiative!