{"id":13271,"date":"2022-06-02T11:44:52","date_gmt":"2022-06-02T15:44:52","guid":{"rendered":"https:\/\/uxpertise.ca\/5-ways-to-streamline-your-compliance-management-with-an-lms\/"},"modified":"2022-06-02T15:07:40","modified_gmt":"2022-06-02T19:07:40","slug":"5-ways-to-streamline-your-compliance-management-with-an-lms","status":"publish","type":"post","link":"https:\/\/uxpertise.ca\/en\/5-ways-to-streamline-your-compliance-management-with-an-lms\/","title":{"rendered":"5 Ways to Streamline Your Compliance Management with an LMS"},"content":{"rendered":"

Few businesses escape the need for compliance training.<\/span><\/p>\n

Whether you\u2019re in the food and beverage sector, manufacturing, construction, or pharmaceuticals \u23af to name only a few \u23af your team will need to prove they know specific government and industry regulations and procedures.<\/span><\/p>\n

Non-compliance can be costly in different ways. Take for example the Securities and Exchange Commission (<\/span>SEC<\/span><\/a>) in the U.S., which seeks to protect investors and oversees securities markets. In 2018, the last pre-Covid year, the SEC obtained judgments and orders for more than $3.9 billion, \u201csuspended trading in the securities of 280 companies, and obtained nearly 550 bars and suspensions.\u201d\u00a0<\/span><\/p>\n

Clearly, the price of non-compliance goes beyond fines. The consequences may entail the compromised health and safety of your team, worksite shutdowns, revenue loss, and damage to your reputation.\u00a0<\/span><\/p>\n

On the other hand, having a well-trained compliant team will give you several reasons for sleeping well at night. Your team will enjoy a higher level of physical and mental security at work. You\u2019ll enhance your credibility with stakeholders like customers, lenders, and boards of directors.<\/span><\/p>\n

And last but not least, when the auditor comes knocking at your door, you can efficiently confirm your status as a compliant business.\u00a0<\/span><\/p>\n

Don\u2019t let compliance be a burden for your administrators<\/b><\/h3>\n

It\u2019s true, though, that the prospect of compliance training may not get your administrators standing on their desks and cheering.\u00a0<\/span><\/p>\n

If you\u2019re managing your compliance training using siloed software and manual systems, your administrators will have to take on a greater burden of routine tasks, such as the following:\u00a0\u00a0<\/span><\/p>\n