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Complete Guide on Compliance Training Videos for Enterprise Businesses

Posted on date: 03 December, 2024

Compliance for enterprise businesses is a complex and convoluted topic. However, it cannot be avoided, as non-compliance can lead enterprises to serious legal issues like penalties, fines, and lawsuits, along with permanent damage to their reputation.

Do you know that JP Morgan was fined $200 million for recordkeeping violations in a recent non-compliance issue?

No enterprise business wants to get into non-compliance issues, so it's of the utmost importance that enterprises train their employees across departments on compliance.

However, it’s also difficult for enterprise businesses to ask every employee to review every compliance document in detail and then keep track of the training.

This is where compliance training videos can come in handy.

What are compliance training videos?

Compliance training videos are training resources for enterprise businesses to train and educate their employees about company norms and regulations, government policies, and industry regulations in which the businesses operate.

These training videos set compliance guidelines for the company and its employees to ensure everyone involved stays within the law and regulations and maintains the industry-set standards.

Why do you need compliance training videos?

Reading every compliance document can be daunting for your employees. They’re long, detailed, and tiring.

But it’s equally crucial for your employees to know the compliance practices to safeguard the company from lawsuits, penalties, and fines.

Compliance training videos can be a win-win solution for all.

1. Higher engagement

Videos are more engaging than boring PPTs and PDFs. When employees are engaged, they grasp all the information better and put it to work.

2. Better content consumption

It’s a proven fact that video content helps retain information 95% better than reading text-based information.

So, if you want your employees to understand and retain information, creating compliance training videos is a must.

3. Easy to refer to

Videos make it easy to learn compliance at any time. Employees can quickly refer back to them when in doubt. Compliance videos are especially useful for new hires, who can watch them on demand instead of grappling with information overload when they join.

They can go through the training videos as and when needed. Even the veterans can refer back to the videos whenever in doubt.

4. Standardize training

Compliance training videos are useful for standardizing training, especially if you have remote employees.

They ensure that all employees receive the same information consistently, helping mitigate the risk of misunderstandings or discrepancies in knowledge across different teams or departments.

5. Videos are accessible

Videos are more accessible to employees. It can be easily distributed and accessed by employees at their convenience, making it easier for organizations to train large numbers of employees efficiently.

This is especially important for companies with multiple locations or remote workers.

Problem making compliance training videos and the solution

Many enterprise businesses choose to create compliance training videos online. But we all know that creating videos in-house means you need to invest in expensive gadgets and equipment like a camera, sound recording system, lights, and software.

Additionally, you need dedicated resources who will write the script, shoot the video, and do all the post-shoot edits before making the video ready.

Moreover, compliance training video content is complex, and the videos must be factually correct.

This is why many enterprise businesses prefer to outsource their video creation process. But that's not an easy task.

You need a huge video budget (around $2000 for a 2-minute video). Plus, you need dedicated resources to fact-check all the content and ensure it meets your brand guidelines and the quality you expect.

We know it doesn't sound easy.

That’s where AI video generator tools like Videomagic come in.

How to make compliance training videos with AI

Generating compliance training videos with AI does not take up your bandwidth, resources, or budget. It’s easy, and tons of training videos can be created quickly.

That’s because the AI platform does all the heavy lifting.

So, you don't need to bother about writing the script, finding relevant images, matching the soundtrack, editing, ensuring the aspect ratio, or rendering the video before it can be put into action.

Here’s how Videomagic does the job for you:

Step 1 - Identify the documents that have information on all the compliances and what you need to train your employees on.

Step 2 - Sign up for an account on Videomagic to access its AI video generator platform.

Step 3 - Head over to Templates and select General.

Here you can upload the compliance document - which can be in the form of a web link, document, PDF, PPT or even text.

Videomagic

Step 4 -Click on Generate.

Videomagic’s AI platform can retrieve information from your existing content in the form of live links, docs, PDFs, and PowerPoints, so you don't have to go through the long route of making scripts, editing, storyboarding, superimposition of texts, adding background score, rendering, and resizing the video.

Once the AI completes the video generation process, preview and download the video to put it into use.

Once satisfied, download the video file provided by Videomagic. You can then publish it across your desired platforms, leveraging the optimized aspect ratio and tailored content for maximum impact.

Start creating compliance training videos at scale

Adhering to compliance guidelines is crucial for any enterprise business. So, all employees should be well-trained to adhere to all compliance rules and regulations.

With Videomagic, enterprise businesses can quickly make compliance training videos at scale with AI.

Remember, creating compliance training videos with AI is cost-effective, helps your employees grasp information better, and improves the overall efficacy of the training.

Want to see how you can create compliance videos at scale? Get started with Videomagic today.