Regulatory Compliance Training Must-Have Activities
A regulatory compliance training program should include a variety of activities to ensure that employees are up to date on regulations, understand the implications of not meeting regulatory requirements, and are motivated to comply. Some must-have activities include:
-In-house training modules: Employees should be regularly trained on the company’s regulatory compliance policies and procedures. This should be supplemented with on-the-job training and/or education.
-E-learning courses: Employees should have access to online training modules to help them stay up to date on regulations.
-Compliance checklists: Employees should be periodically assessed to ensure that they are meeting all regulatory requirements. This should include an assessment of their understanding of the company’s regulatory compliance policies and procedures.
-Ongoing monitoring: Regular monitoring of employee compliance is essential to ensure that employees are meeting regulatory requirements. This should be done through audits, inspections, or other means.
-Penalties and fines: Fines and penalties can be costly for a company if employees are not compliant with regulations. Properly setting and enforcing compliance penalties can help to ensure that employees are aware of their obligations and are motivated to comply.