Compliance training program is the process of imparting knowledge to employees on the company’s laws, regulations, and policies. As rightly said, with great powers come significant responsibilities. Small businesses and startups are the catalysts of the current economic scenario. They comply with the duty of contributing to the economy of India in this time of crisis. However, these organizations also carry specific responsibilities towards their employees/workers or the public at large. From ensuring safety at the workplace to protecting consumer policy and privacy, business organizations are always at risk of ruining their reputation and tackling legal action. In short, this kind of compliance is the core of the organization’s risk management system.
Compliance training program is the act or the overall process of complying with certain norms, desires, demands, proposals, etc. In short, it is the conformity in fulfilling specific mandatory requirements as per the industry’s standard. Compliance training is a formal program to guide the business organization’s employees on the procedures, policies, actions required to prevent problems at the workplace, and refrain them from violating the land’s law. These laws are mostly industry-specific. These laws are primarily in place to maintain the safety and dignity of the employees at their workplace. Policies, regulations, and legislations mandate these kinds of training. Employees must typically complete their compliance training to continue to remain in employment.
Why is Compliance Training Program in India of Utmost Importance?
No matter what business you are running, compliance training program should be given a higher priority. Compliance training aims at two important things- firstly, employees should be treated with respect in a dignified manner and secondly, that the reputable business should be taken seriously.
Complying isn’t only crucial for minimizing risk at the workplace but is essential for a multiple of reasons:
- Securing the business organization-Compliance training’s reputation offers critical information relevant to the job or industry and is meant to protect.
- Workplace safety– Certain compliances like anti-harassment, workplace violence, etc. ensure security at the workplace and boost the employees’ confidence and morale. Appropriate safety training cuts down on the number of workplace injuries and related claims.
- Increasing productivity– Diversity training and other compliances prevent the workplace’s problem that ensures better results in the workplace’s working culture and improves productivity. Training on diversity and discrimination can help improve collaboration and build towards an inclusive team.
- Securing insurance for the business organization-Employees has been trained, and signed-off on specific compliance issues can also be appropriate for organizations that need it to obtain insurance.
- Zero chance of legal action– Compliance training program not only protects the organization from legal action, but it also fosters well-being, transparency, and smoothness throughout the company. Further, it can help the business organization avoid potentially damaging lawsuits.
The business organization, industry, activities, and location all influence what employees should be compliant in and what kind of training is required to be delivered.
Here are a few examples of government-mandated and industry-specific compliance policies:
- Anti-harassment training
- Workplace safety training
- Workplace violence
- Diversity training
- Healthcare training
- Information security training
- Data protection and privacy training
- Export compliance training
- Bank compliance training
- Trade compliance training
- Environmental compliance training
- Regulatory compliance training.
- And many others.
Importance of Compliance Training in India
Next, is the significant factor of how to keep business and compliance training program engaging amongst the budding entrepreneur? To spread the word regarding the Compliance Training program, one must ensure its simplicity to get the technical information. By giving real-life examples and scenarios will give life to the dry meaning of contents of compliances. Lastly, microlearning can help keep the employees actively engaged with compliance training by offering the content in small-sized lessons.
The Government of India under various skilled development programs has highlighted the importance of compliance training in the small business and startups; it also provides the platform to get in touch with the budding entrepreneurs’ compliance training programs, which are blooming in the battlefield of the market. The compliance training program is more of a weapon on this battlefield for the young warriors stepping in.
Aatmnirbhar Sena is walking in the footsteps of the Government and providing the best of the platforms for compliance training to the earnest entrepreneurs to the best of their capability by organizing the compliance training programs, recruiting digital technology for easy understanding, mentorship program, etc.
The ultimate goal for any compliance training initiative should be to create a safe, productive workplace that often requires an actual shift in the company culture. The proper training can be the start of that shift if the approach is in the right way and manner.
