Speaker 1: Ultimate Guide to Compliance Training Rules and regulations provide guidance on what is expected of businesses when it comes to ethics, compliance, and other related topics. And while you might have the best intentions when starting your company, one misstep could lead to serious consequences. That's why many businesses invest in online compliance training for their team members from day one. If your business is struggling to understand this concept even further, you've come to the right place. It is also important to adopt an e-learning platform, LMS, that offers the right features for designing, creating, and managing your courses. The success of your project depends on the quality of the experience designed around the information. A online compliance training need to be visual, kinetic, and engaging. Video-based learning will make the difference. What is compliance training? Compliance training is the act of educating employees and team members on the various regulations and laws that apply to the business. It is designed to help employees understand and adhere to the rules and standards they must follow. Compliance training is usually mandatory and must be conducted by a certified trainer. This ensures that all team members are given the same information and learn the necessary information to avoid any misunderstandings. Compliance training is often broken down into two categories, general compliance, regulatory compliance. General compliance refers to the ethical and moral conduct expected of employees. Regulatory compliance, on the other hand, refers to the rules and laws that must be followed within the industry. Why is compliance training important? Because compliance training helps to avoid mistakes and miscommunications. There are many reasons why it is important for businesses to invest in this type of training. If you are looking for some examples, keep reading. Audio and video-based courses, reinforced by webinars and discussions, will facilitate access to the information and increase retention of its complex rules and regulations. Benefits of compliance training When team members are well-informed about what to expect from the company and what is expected from them, it can dramatically reduce the risk of mistakes that can lead to injury. Helps to maintain a positive reputation When it comes to choosing which businesses to work with, many customers base their decision on the company's reputation. If a business is non-compliant, it can negatively impact its reputation, which can lead to lost customers. An LMS with engaging online training is an asset for your business. It is a brand exercise to publish high-quality online training. An LMS needs to be also a knowledge platform with documents, webinars, videos, assessment, certifications. Helps to avoid miscommunications One of the biggest benefits of online compliance training is that it helps to avoid miscommunications. When each employee understands what is expected of them and has the correct information, it can dramatically ease communication. How to incorporate and design online compliance training There are many ways to incorporate online compliance training within your business. Some of the most common methods include, hosting seminars, providing an online training course, providing a manual, activities with real-life examples, social learning, chat, forum, workshops, learning-based learning, work case studies and stories, video-based learning. While seminars and online courses are effective, it is important to select the right provider to avoid miscommunications and ensure that all team members receive the same information to avoid any confusion. Video-based learning platform Another great way to incorporate compliance training is through video-based learning. While video-based learning can be used to cover a variety of different topics, it can be especially useful when trying to cover regulatory compliance. With video-based learning, you can create short videos that feature someone relaying information in a conversational manner. There are many benefits to video-based learning platform, including an easy-to-use format and the ability to create a personalized learning experience. More engaging content, to produce, interview, webinars, direct record on the platform, animation with voice over, more memorable, clear message. Using video-based learning can help to avoid miscommunications, provide information in an easy-to-digest manner, and can even be translated into other languages to reach a larger audience. Learning Lab, Learning Management System The Learning Lab LMS is an innovative video-based learning platform with an offering tool. Incorporating an online compliance training as a learning management system, LMS, is a must for any organization, an asset for your employees, partners, and clients. When it comes to choosing a learning management system LMS, there are many different options. It is important to select one that is video-based, easy-to-use, branded, with an offering tool, with a project management tool integrated, fully customizable, hybrid LMS and LXP, certifications, leaderboard, gunification. Contact us for more information and a free pilot. Our Learning Management System, LMS, offers a wide variety of features and can be used to track employee progress, provide employees with the ability to access relevant information on their own time, and regularly update employees on changes that occur within the industry.