No matter what industry your organisation is in, legal and regulatory compliance is essential to protect it and your employees. Therefore, it’s important your employees are well-trained for it. This is particularly relevant for the finance sector, as the increasing demand for digital services, such as online banking, has changed regulations and increased the need for compliance. ‘Compliance’ is a broad term for the various regulations that affect businesses, such as health and safety, corrupt practices and social responsibility.
Regardless of what industry your organisation is in, there will be policies and regulations that need to be adhered to. Educating employees about legal policies that are relevant to their job role is vital to protect an organisation. An array of topics fall under the term ‘compliance’, such as health and safety, diversity, anti-harassment and HR law. Compliance relates to all departments and job roles, and employees need to be knowledgeable about laws that affect them.
Onboarding is the process of introducing new employees and helping them integrate into an organisation. Many people mistakenly believe that onboarding is centered around teaching new employees about the company’s products and services. It has many aspects to it and involves familiarising new starters with the company’s brand and values, operations and culture (both professional and social).
An effective employee onboarding programme is essential in order to integrate new employees into an organisation and reduce staff turnover, as employees who experience a negative onboarding process are more likely to leave their role. Nearly one-third of new hires leave their role in the first six months.
Health and safety training is essential for all companies involved in high-hazard industries, but how effective is it? Problems can arise when trying to choose the right techniques to impart different kinds of knowledge.
No matter what industry your organisation is in, legal and regulatory compliance is essential to protect it and your employees. Therefore, it’s important your employees are well-trained for it. This is particularly relevant for the finance sector, as the increasing demand for digital services, such as online banking, has changed regulations and increased the need for compliance. ‘Compliance’ is a broad term for the various regulations that affect businesses, such as health and safety, corrupt practices and social responsibility.
