Investing in training and education is one of the best ways to make the most of your resources and budget. New employees are better able to hit the ground running when there is a focused training program in place. Looking to maximize your current resources and improve the existing capabilities of your department? Training and education is the answer!
2) Competitive edge
Stay on top of current regulatory requirements, issues, and risk mitigation techniques to give your company the competitive edge. By overlooking this area, you might unknowingly end up behind the 8-ball.
Demonstrating a commitment to compliance is one way to protect your company. Having a training program allows you to document your commitment, as well as create records showing what’s been offered, to whom, and when. If there’s ever a question about who was told what, a formal training program can provide you with the documentation you need.
4) Doing the right thing
Frankly, spending the time to educate your employees and/or distribution partners is one way to do the right thing! “Right” and “wrong” are subjective, but “do to others as you would have them do to you” is one of the universal principles that many support. Ensuring that your team and distributors are educated means you’re making sure that clear limits about acceptability are established and followed.