Training Tip of the Week: Changing Compliance Laws - Grace Hill

Training Tip of the Week: Changing Compliance Laws

Posted on September 25, 2017 by Grace Hill

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Keeping up with Compliance

Ever-changing compliance news is a challenge to keep up with.

One of the trickiest things about compliance training is keeping up with changing compliance laws, rules, and regulations. You can create a great compliance course, assign it to your learners or set a date for training, and a month later, it needs to be updated. This can feel like an endless, overwhelming cycle. To help, here are some practical tips for managing the ever-changing compliance world.

 

Make a plan. In compliance training, change is a given. Since you know it is coming, build change into your plans. Make a plan to update training regularly. Have processes in place and resources set aside so you aren’t repeatedly scrambling for time or budget. Identify a mechanism to get information out quickly (for example, an email or an alert in the LMS) if something critical comes up between scheduled training updates.

 

Training people to always anticipate change regarding compliance laws is key.

Make “change” a big idea in training. “The world of compliance is ever-evolving” is a fundamental concept that is important for learners to understand. Providing learners with big ideas like this equips them with a framework around which they can learn in a coherent way. Make “change” a theme in your compliance training and revisit it periodically. This may help learners better understand and appreciate the importance of engaging in regular compliance training.

 

Be proactive. To avoid surprises and the scrambling that inevitably results, block time on your calendar every week or two to scan HUD, EEOC or state agency websites for important compliance news.  Set up a Google alert, or something similar. Subscribe to key email lists and newsletters. Sorting through the information takes time, but planning it into your schedule and leveraging technology will make it a more manageable task.

 

Retain an expert. If you have the resources, retaining an expert such as a law firm for legal compliance or a CPA for compliance with the tax code is very useful. Work with them to identify priority issues so you aren’t overwhelmed with information you may not need. Have them create short summaries of why the change in law, rule, or regulation or other information is important to your business specifically.

 

As a trainer, your work is never done.  This is one of the most challenging aspects of your job, but it can also one of the most invigorating.  Actively managing the changing world of compliance can help you be ready for whatever the compliance world throws your way.

Grace Hill’s marketing content team aims to create informative resources that help multifamily and commercial industry professionals elevate their performance. From blog posts and ebooks to infographics, checklists and webinars, the Grace Hill team has a singular focus: creating meaningful and engaging content that resonates with real estate professionals across the industry.  However, what makes Grace Hill so unique is the range of collective experience and collaborative spirit of its marketing content team. A group of talented writers with expertise in the real estate industry, overall management effectiveness, marketing strategy, and operational efficiency, the team provides new ideas to take performance to the next level. As a thought leader, Grace Hill's content team constantly pushes the envelope, experimenting with new resources and tools to keep industry professionals ahead of the curve.  Whether you're a seasoned pro or just starting out in the real estate industry, the content team at Grace Hill is creating resources to help you succeed. Learn more about Grace Hill on LinkedIn.

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