Compliance and Compliance Training UK
I don’t know the data points but if I were to guess I would say the extent to which ‘regulation’ read compliance – affects our business life today is huge. Compliance Training Uk is a buzzword that many are having to investigate – through necessity. Compared with 10 years ago I think the reach of the Regulator has increased enormously and the consequences of failure or breach is becoming ever more serious. Read fines, suspension and potential cessation of business potentially. hence the frantic grasp out for the perceived solution – compliance training UK!
It’s no longer just a fine or a slap on the wrist when a firm breaches regulations and compliance. Now Directors and company officers can and do go to jail. And rightly so in our view.
Compliance is now a critical success factor of any firm operating in a regulated industry and even firms that are not regulated by their industry still have to adhere to Health & Safety regulations and DPA.
The firms that run a tight ship, that understand how regulation impacts their business that train their employees so they genuinely understand the regulations are the firms that will succeed in the long-term. There is no longer any place for a cynical tick-box type compliance philosophy and firms still practicing this will be the ones making headlines for all the wrong reasons in an industry near you soon.
Is compliance training Uk the answer, short, medium or long term? And how best to effectively implement the compliance training that ‘sticks’ and stays longer after the actual training session?
Is There An Alternative To Compliance Training UK?
Clever Nelly from Elephants don’t forget is an Artificially Intelligent, cloud hosted application that sits on email, a smart phone or any tablet, and interacts with your individual employees validating current knowledge and compliancy standards set by the regulator. Nelly is not a compliance training solution, is not a compliance training UK vehicle, and is largely training agnostic: she doesn’t mind who you use or what you train your employees so long as it is accurate and relevant. Nelly works with your employees after they have received training. And certainly helps to maximise training budget.
Best of all Nelly runs less than 2 minutes a day in maintenance mode which means even the busiest time poor employee has time to engage and genuinely learn. If you read the Deutsche Bank material and have concerns that your reliance on compliance training courses might be misplaced, then perhaps you should consider how you could augment your current activities and materially reduce your risk by hiring an elephant to your team.
Read more about compliance training courses here.
Compliance Training UK