Updated: Apr 25, 2021
Today’s workers must learn to adapt in an increasingly dynamic work environment. Many of the changes employees are facing are driven evolving information technology and the opportunity for immediate access to massive volumes of information. While this access is meant to enhance worker performance and company efficiency, it comes with potential risks as this information must be managed and utilized with adherence to (increasingly) strict regulations around data privacy and compliance.
Regardless of your company’s industry, awareness and adherence to legal and regulatory compliance is essential for the protection of your employees and your organization. Given this, the implementation of compliance training is critically important, particularly if your company operates in healthcare, financial services, or some other highly regulated sector. Through effective training, employees can gain awareness and knowledge regarding the regulations that are relevant to their specific job duties, thus minimizing your organization’s legal risks.
The Benefits of eLearning for Compliance Training
Today’s cloud-based technologies offer numerous capabilities, including the ability to train your workforce remotely. The use of electronic technologies (the Internet, primarily) for learning and training is referred to as “eLearning” and it offers a level of convenience, flexibility, and cost savings unmatched by in-person, classroom-based training programs. eLearning also provides the opportunity to ensure that your employees gain a complete understanding of how to be compliant with industry and government rules and regulations.
The core technology that supports all types of eLearning programs, including corporate compliance training, is a Learning Management System, or “LMS”. While some companies choose to “stand up” an LMS on their own servers (self-hosted), most companies today, they tend to be very large organizations that have the resources (both financial and labor) required for the implementation and ongoing management of the system.
Most companies today choose to work with cloud-based LMS platforms offered by third-party vendors as this approach eliminates the need for your company to make a large, up-front investment in software, hardware, and supporting infrastructure. And with a cloud-based LMS, the responsibility for the ongoing management and maintenance of the system is shifted to the cloud LMS vendor, thus allowing you to focus on the development and delivery of great corporate compliance training.
Some of the specific benefits you can expect from the implementation of an eLearning-based compliance training program include:
eLearning eliminates many of the costs associated with traditional, in-person training, such as travel, on-site instructor and venue fees, catering, and the printing and distribution of training materials.
One of the most important factors in corporate compliance training is the ability to deliver training content and courses quickly, especially as regulations change and your workforce expands. eLearning allows you to build and deliver your training programs in a timely manner to meet these time-sensitive demands.
For learners, one of the challenges of in-person based training is in the need to keep up with the pace set by the instructor. eLearning eliminates this challenge by allowing your employees to conduct their training activities at their own pace, even allowing them to revisit any piece of training content multiple times before moving on to the next section.
Many organizations have a need to prove their compliance training completion to an outside organization. eLearning-based compliance training allows you to create detailed reports that demonstrate employee training participation and completion rates, along with other important metrics that measure the success of your compliance training efforts.
LMS Portals for eLearning-Based Corporate Compliance Training
LMS Portals provides our clients and partners with a cloud-based, multi-tenant learning management system that allows you to launch and manage a private eLearning environment (portal) for each of your unique training audiences. Each portal you launch can have its own branding and includes powerful tools for course development, user onboarding, collaboration, analytics, and more.