Compliance Training: From Awful to Tolerable
Is your staff champing at the bit for their next compliance training session? Yup, that was a rhetorical question!
Okay, let’s be honest: compliance training in financial services ranks somewhere between a root canal and a punch in the face. Staff generally loathe it, managers dread scheduling it, and it's a productivity black hole.
The Compliance Training Headache
Does this sound familiar: Busy bankers, already swamped with work, forced to carve out precious time from their packed schedules for compliance training. Hours staring at a computer screen, clicking through endless slides of regulatory training. Everyone resents it. But it’s gotta be done. The question is, is there a better way?
Microlearning: Drinking Our Own Lemonade
Every year, the LemonadeLXP team has to undergo compliance training for our SOC2 designation. Since we’re out in the market talking about how LemonadeLXP breaks training down into engaging microlearning, we had to ask ourselves if we were walking the talk. We weren't with our SOC2 training. So we decided to drink our own Lemonade and morph our SOC2 training into microlearning. The goal? Transform the dreadful experience into bite-sized learning modules that could be completed in smaller increments with your morning coffee or during downtime. If we couldn't make our own training engaging, how could we expect our clients to trust us with theirs?
Our Makeover Magic
We diced our training into tiny, digestible pieces and sprinkled in some game elements. The result? Quick sessions that people could squeeze into their day without plotting an elaborate escape plan.
So, How’d We Do?
Brace yourselves for these numbers (we triple-checked, they're real):
Training time shrunk from a grueling 4 hours to a manageable 90 minutes
95% of our employees gave it a thumbs up (we're still in shock)
Training costs plummeted by 71% (cue happy dance from the finance department)
Why Microlearning Doesn't Make You Want to Scream
With microlearning, you can create training that won't bore people to tears. It doesn’t pull folks away from their jobs for days on end, you'll save a ton of money, and updating content won't make you want to hurl your laptop out the window.
The Final Squeeze
Microlearning isn't just another fad – it's the secret weapon against mind-numbing compliance training. We've made our staff less miserable and saved enough time and money to impress even the crankiest higher-ups. For banks and credit unions, it's your ticket to an engaged and compliant workforce – without the urge to fake their own disappearance. Who knew compliance could be almost... bearable?
