Keeping up with new regulations


Companies must provide the appropriate training for employees when laws and regulations governing the industry change.

Any company whose business is overseen by a regulatory body, be it government or private, is aware of the importance of following changes that come down the pipeline.

For example, factories that produce waste must adhere to the latest environmental regulations regarding storage and disposal, while financial institutions need to be aware of and follow applicable laws.

When changes to these guidelines are made, procedural adjustments are often necessary to ensure compliance. But, fundamental changes to the way businesses approach a certain task cannot be taken lightly. Employees must be trained on new protocols and managers need to know how to best implement and supervise the necessary changes.

Failing to do so can lead to a number of complications, including fines, loss of contracts, legal action and suspension of business operations. For example, trucking companies need to provide the proper training to their drivers, making them aware of new traffic laws in every state they travel through.

In a recent post on The Practical Employer blog, John Hyman discusses a new Ohio traffic law that criminalizes texting while driving. He cites some eye-opening statistics, such as drivers are 23 times more likely to be involved in an accident if texting while driving. Furthermore, if one looks away from the road for five seconds while driving 55 miles per hour, they will have traveled the length of a football field.

"What does all this mean for employers? If you have employees driving for your business, you should update your policies to account for this new law," Hyman writes. "Remind employees that texting while driving is not only against the law, but also against company policy."

Online compliance training is one of the best tools at the disposal to companies when it comes to making sure employees adhere to corporate policies as well as local and federal laws. They can provide a significant boost to employee efficiency and safety, while protecting the business from costly penalties.

Comments

No related posts.

Comments are closed.