Years ago, the corporate world was shook to its core with accounting fraud that Enron created.
And after Enron, several other huge companies followed suit.
It was a disaster that destroyed these giants and left people distrustful. Compliance is one of the most important factors that these companies and their employees lacked.
This is where elearning or electronic solutions can help. There are many companies that provide electronic training tool solutions to companies that wish to keep their employees updated in the specifications, laws, policies, and standards that would lead to ethical business.
What is compliance and how important is it to corporate activity? As was stated above, one can take the emblem of financial fraud as an example in order to see clearly what compliance is and how important it can be.
The Enron fraud case led to the loss of millions of dollars to each of the investors of the corporation. There were many from Enron who were held accountable and were sentenced to jail.
This is a very serious matter.
Laws such as the Sarbanes-Oxley Act that was created after the aftermath of Enron and other large corporations that was following the same (though individual shrewd and creative) path of fraud makes sure that company higher ups must take responsibility of the management for accurate reporting of all financial activities. Of course compliance with the law includes a wide range of issues.
Companies need compliance with such as issues as health, respect for personal space, safety or security, environmental care, as well as accessibility.
All the state laws and federal laws must be known by heart especially by personnel who have an important function within the company that determines the management and direction of entire company's effect on these issues such as personnel involved waste disposal management for example.
Chemical engineering companies for example, need strict adherence to certain environmental as well as health and safety codes.
The rest of the employees who are not involved in these processes (for example those in the accounting department for example) might not have to undergo the same rigorous training as those personnel who are handling the chemicals and the machines.
Thus, a good electronic training tool would definitely suite their need for training and awareness without having to take up too much of their time as well as too much of the company's money.
A host of elearning companies are up to the task of researching as well as authoring fresh and effective content for these training tools.
Monitoring just how each employee was able to get the lesson modules is also a synch with the use of these software solutions. What is more, companies have to power for customization.
They have complete creative control if they wish to have several specifics inserted into such training modules if they feel the need to personalize them or to fit them directly to the detailed needs of the company.
This is why electronic has been such a powerful tool for corporations who wish to have a faster solution to employee development regarding compliance issues.
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