Compliance Tracking and Reporting with an LMS Platform
In the wake of increasing regulations and heightened scrutiny of business practices, compliance training has become a top priority for organizations across industries. Ensuring employees are current on the latest compliance standards and best practices is crucial for legal and regulatory compliance, protecting reputation, and ensuring safety.
Compliance training encompasses a wide range of topics and requirements across industries, but at its core, it is a highly specific form of learning designed to meet the standards established by regulatory bodies within a particular sector. The nature of compliance training can vary depending on the size and scope of the organization, as well as the specific job responsibilities of individual learners. Nonetheless, this training process is critical for many industries, as it keeps employees informed and up-to-date on key information related to the products or services they provide.
A 2022 NIST study on “Measuring the Effectiveness of U.S. Government Security Awareness Programs” found that, among leadership, 56% of respondents either strongly agreed or agreed that compliance is the most important indicator of success, and 47% of all the respondents also strongly agreed or agreed with this statement.
So how can leaders capitalize on the success that comes with compliance training? Leveraging the value of digital LMS software to streamline compliance training, track and report compliance data, and avoid legal and regulatory backlash for non-compliance.
Compliance Training Challenges
While compliance training offers many benefits, it also presents several challenges for organizations. One of the most significant challenges is ensuring that employees remain engaged and motivated throughout the training process. Compliance training can often be perceived as dry or tedious, leading to low completion rates and poor retention of information.
Another challenge is ensuring compliance training is current with the latest regulations and industry standards. With regulations constantly evolving and changing, it can be difficult for organizations to keep their training content current and relevant. Additionally, ensuring that compliance training is accessible to all employees can be a challenge, particularly for organizations with a diverse workforce or those with employees working remotely or across multiple locations. Because we live in a boundaryless world, where employees can work from any location, on any device, and during any time frame—accessibility is vital.
With our decentralized workforce, talent can be sourced from all over the world, so providing training in multiple languages is another challenge companies must face.
Finally, tracking and reporting on compliance training can be time-consuming and resource-intensive for organizations, particularly those with a large workforce. Ensuring that compliance data is accurate and current is crucial for demonstrating regulatory compliance and protecting against legal and financial penalties.
So how can organizations overcome these challenges? By leveraging the features offered by an LMS platform, such as customization, tracking and reporting, and advanced analytics. With the right learning technology, organizations can develop an effective compliance training program that meets the unique needs of their employees and industry while also improving engagement and ensuring regulatory compliance.
Benefits of Compliance Training with an LMS Platform
Compliance training provides a range of benefits to organizations beyond simply avoiding legal and financial penalties. By educating employees on regulations and best practices, compliance training can improve safety, reduce risks, and protect reputation. And using an enterprise LMS to deliver compliance training can provide consistent and standardized training, real-time tracking and reporting, customized content and assessments, and advanced reporting and analytics to optimize the program.
For example, a digital LMS can help ensure employees receive consistent and standardized training across multiple locations, formats, and languages. This is particularly important for organizations with a global presence, as it ensures that all employees receive the same quality of training, regardless of their location.
Consider the manufacturing sector—safety training, OSHA compliance, and quality management are critical training areas. The ExpertusONE LMS enables better compliance thanks to an easy-to-use learning interface and streamlined reporting programs that meet EPA, OSHA, and FDA requirements. Additionally, with workers spread out across sites, a single LMS reduces workplace accidents due to the extensive, easy-to-reference training and even improves ROI, enabling more productivity and enhanced work quality.
A digital LMS platform can also provide real-time compliance tracking and reporting of learner progress and completion, allowing leaders to monitor employee compliance and identify knowledge gaps or improvement areas. Once those gaps are identified, businesses can offer customized content and assessments, tailoring their compliance training to the specific needs of their employees and industry. This ensures the training is relevant and engaging, improving knowledge retention and employee engagement. It also provides a record of employee training, which can be crucial for demonstrating regulatory compliance and protecting against legal and financial penalties.
In today’s gig economy, companies need to show their proficiency and their employees’ proficiency to win a job or account. Unfortunately, sharing certifications and compliance completion with hiring managers and prospects has always been a cumbersome process that requires scanning, sending, and re-sending documents between multiple sources. We heard the concerns of our clients, and we solved them. With a single scan of a QR code, our ONE-Profile Card enables users to share their certifications with anyone who wants to reference them.
Beyond helping employees share their credentials, the ExpertusONE LMS platform can also provide advanced LMS reporting and analytics, allowing organizations to measure the effectiveness of their compliance training programs. This data can be used to refine and optimize specific courses or the program as a whole, ensuring it remains relevant and effective in the face of changing regulations and industry standards.
With its compliance-centric features, personalized learning pathways, and extensible apps, the ExpertusONE LMS provides a comprehensive solution for organizations across a variety of industries.
If you’re ready to get your compliance program back on track, contact us today for a free demo.
