Why do compliance

Learn more about our Belgian compliance practice. We use cookies on our site to remember you, show you content we think you will like and help you to use the site. For more details, please see our cookies policy.

Click 'Accept' to consent to cookies other than strictly necessary cookies or 'Reject' if you do not. You can change your mind at any time by visiting our cookie policy page. Language EN-GB. Our locations. Questions each company should ask itself What are the main areas of risk for your business? Does your company have a compliance policy in place? All of this helps the entire organization stay in compliance, by making sure everyone is responsible for it.

When everyone understands the expectations and standards, the organization can operate at its optimal level. But if a compliance issue or even a lawsuit does arise, your training records show that your organization trained its employees about the various regulations and that you took steps to maintain compliance.

This can help decrease your organization's liability and risk of a lawsuit. For example, if an employee got injured on the job, your compliance training records would show that the organization took every reasonable step to maintain a safe working environment and that you had trained all your employees in the various safety procedures.

That puts the onus for safety practices back on the employee and protects the company if that employee tried to bring a lawsuit against your organization. Good workplace compliance training helps your company follow laws, reduce liability risks, and operate effectively. It protects the organization from all sorts of legal, regulatory, and even corporate violations that could result in heavy fines and civil and criminal penalties.

As you seek to provide regulatory compliance training to your organization, be sure you offer interesting and personalized training content, make your training is accessible through a number of different channels, offer the training on a regular basis, and then track everyone's completion and understanding of what they have learned.

To learn how to do that, you can schedule a free demo of PowerDMS' training management software and learn how you can protect your organization. Related Article. Most Read. How does your organization compare? Get your copy today. More info. Law Enforcement Over 3, law enforcement agencies across the United States use PowerDMS to increase efficiency, reduce costs, and promote accountability.

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Blog An extensive library of policy management resources, at your fingertips. Read More. Download Now. Take a Tour Get Demo. Start Tour. Article highlights What is compliance training? Benefits of compliance training. In order to do this, ask the following questions:. The main purpose of compliance is simple—this is to identify and avoid possible red flags in your business. Again, failure to comply seriously could result in costly fines or penalties in the future.

Furthermore, corporate compliance also helps your employees act responsibly. An effective program teaches your employees to treat each other well at work, promote a high level of professionalism, and uphold corporate values inside and outside their workplace.

Below are some reasons why your company should take compliance seriously:. No business would want to get into major legal disputes and face criminal charges due to non-compliance with the law. Court hearings and appearances can be colossal trouble to your business operations. To be legally compliant involves not only learning essential legislation applicable to your business but also applying them at all costs.

As a rule of thumb, building a reputable public image is one way to successfully promote your business. If your company gets into trouble due to non-compliance, the general public might doubt your credibility. Earlier, it was discussed how compliance can create strong business standards.

We call this internal compliance. Employees want a workplace where they feel secured and well taken care of. This can only be achieved if the company has a clear model. This model can be a set of guidelines or policies that ensure employees and clients fairness and safety. In a survey conducted by Globalscape and the Ponemon Institute, it was found that:.

There is! As businesses change rapidly, so does the ways of being compliant. Compliance training programs and strategies are becoming more holistic and intelligent. To achieve this, companies should come up with a single, enterprise-wide solution that can manage compliance processes, reduce cost, and enhance user experience.

At Cursum, we can provide you with an all-in-one solution that includes all the necessary elements for a successful corporate compliance program. Book demo. Salcedo Village Makati City Philippines. This policy describes responsibilities, data types and belongings as well as procedures for processing personal data, as outlined by the applicable EU Personal Data Regulation. Any future changes in our data policy will be made available through our website www.

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