When you look at compliance training from a cost-benefit standpoint, it’s clear that the biggest risk involves doing nothing. While there is always a cost associated with providing employees with compliance training, the price tag of postponing it can be much higher.
The bottom line is that a well-planned, well-executed training program can help prevent serious problems–everything from costly fines and lawsuits to job-related injuries and data security breaches. In addition to risk reduction, compliance training also offers an array of positive benefits. Conducting anti-harassment and diversity training, for example, are two well-trodden avenues for enhancing a company’s reputation, retaining valuable employees, and attracting top talent.
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