How to Beat The High Costs of Employee Compliance

It’s not a cost we often think about, but bringing employees up to compliance can take up a surprising amount of your budget and time. This can balloon even higher if you break compliance and need to pay fines. 

Even if you dodge the worst slaps on the wrist, you’ll have to pump a lot of money into returning to a state of compliance. However, meeting compliance often seems like an overwhelming obstacle in terms of time and money. This blog will offer some tips for companies seeking to beat the high costs of employee compliance. 

Why Compliance Matters 

You shouldn’t view employee compliance as simply one of the many bureaucratic chores that come from running a business. Dealing with the standard policies and procedures in your area can be a pain. But, generally, those policies are in place because some company, somewhere, ended up in a disastrous situation. 

Getting your compliance in order can boost productivity, reduce absenteeism, boost your business’s reputation, and shield you from legal action. In many cases, it’s also simply the ethical thing to do. A good portion of employee compliance training involves keeping your employees safe. However, this all comes with a growing price tag. 

Reducing the Costs of Compliance

Some of the costs of compliance are baked in. There’s not much wiggle room if you need to buy new equipment or physically upgrade your office. However, a significant portion of compliance costs is simply training your employees. 

Compliance rules can change over time, and it’s your responsibility as a business owner to constantly provide physical or online employee training in the new regulations. And there can be a lot of different training needed, depending on your business. Diversity training, anti-harassment training, cybersecurity, data protection, and workplace safety are just a sample of the kinds of compliance you need to put on your employee training tracker.

So how do you cut down on compliance training costs? There are a few ways.

First, build a dedicated employee compliance training program and keep it running. This might sound counterintuitive, but developing a new training program from scratch every time compliance becomes an issue will cost you more in the long run. You can also reuse your templates with adjustments to keep them relevant. 

You also want your compliance training to actually stick. Every time you have to go over it again is time and money wasted. This is why it’s vital you make all employee compliance training interactive. Don’t just drag everyone away from their desks and sit them down to watch a PowerPoint presentation or a couple of videos. 

Compliance training is all about empowering employees to make the right decisions in difficult situations. By providing them with quizzes and simulations, you help them get used to the actual experience of having to make those decisions and come up with those answers on the spot.

You also need to make sure your company has some sort of employee training tracker and that employees pay attention to training. But with compliance, it becomes essential. Training that employees are skipping out on is training that will need to be repeated. 

In a world with an increasing amount of remote workers, it’s also vital you move all your compliance training to the digital space. Trying to chase down remote workers for compliance will be a nightmare, to say the least. It’s important that you have an easy and efficient way to check digitally if your employees have completed their compliance training. 

Thankfully, 1Huddle puts all your corporate compliance training into one easy package, complete with tracking tools and training records. This results in a learning program your employees will stick with. So when it comes to employee training programs for compliance, trust 1Huddle to give you the best learning experience possible.