Financial Crime World

Greenland’s Royal Greenland Prioritizes Compliance Training for Employees Amidst Risks and Opportunities

As the fishing industry continues to evolve in Greenland, Royal Greenland has recognized the importance of investing in its employees’ skills and competencies to mitigate financial and professional risks. With a significant proportion of its production staff lacking formal training, the company is proactively addressing this issue through compliance training initiatives.

Royal Greenland Academy: Developing Skills for Success

The Royal Greenland Academy plays a crucial role in developing the skills of its unskilled workforce, offering both internal courses and partnerships with educational institutions. The academy’s Sulisa+ program focuses on building a positive workplace culture, emphasizing employee well-being and job satisfaction. Additionally, statutory courses are administered via the academy to ensure compliance with industry regulations.

The Importance of Competence and Motivation

The importance of competence and motivation cannot be overstated, as they directly impact daily operations and the company’s overall performance. A lack of skills would not only pose financial risks but also hinder Royal Greenland’s ability to adapt to changing market demands.

Tailored Courses for Employee Development

To capitalize on opportunities, Royal Greenland Academy offers tailored courses for employees, including statutory requirements. The academy’s ambitious training initiatives aim to develop skilled new managers while motivating individual employees to excel in their roles.

2023 Milestones and Future Plans

In 2023, the company achieved notable milestones, completing three Sulisa+ course programs attended by 171 participants and administering statutory courses to 204 employees. Moving forward, Royal Greenland is committed to maintaining its focus on employee development, with ambitious targets for 2030 including:

  • A standardized management development system
  • Regular compliance training for at least 20% of employees annually
  • A fixed program for local fishermen

Driving Growth and Sustainability

By prioritizing compliance training, Royal Greenland demonstrates its commitment to the well-being and success of its employees, ultimately driving growth and sustainability in the industry.