Generally this type of training ensures that employees operate within the laws and regulations that are applicable to their role. Failing to deliver compliance training potentially creates a legal liability for your company.
Some legislation (for example the Disability Discrimination Act) ensures that all current and future employees are treated fairly and are not discriminated against on the basis of disability. In any organisation reducing discrimination leads to a happier and more productive team.
Finally delivering and recording this training accurately can help in proving that a company is not at fault where an individual fails to comply with legal or regulatory processes, despite receiving appropriate training.
How does your company manage compliance training? Do you think you could be doing it better?