Cost-Effective Training to Avoid Non-Compliance Penalties

Information about Cost-Effective Training to Avoid Non-Compliance Penalties

Published on July 29, 2014

Author: commlabindia

Source: authorstream.com

Content

Cost-Effective Training to Avoid Non-Compliance Penalties: Cost-Effective Training to Avoid Non-Compliance Penalties CommLab India Compliance Challenges: Compliance Challenges Compliance regulations are complex Compliance Challenges: Compliance Challenges Most organizations need to comply with more than 1 compliance requirement 35% 29% 25% 11% Source: InformationWeek 2012 Regulatory Compliance Survey of 422 business technology professionals, May 2012 Compliance Challenges: Compliance Challenges Rules are complex Need proficient employees Lack of in-house expertise Compliance Challenges: Compliance Challenges Cost of Non Compliance is 2.6 More than Cost of Compliance Average Compliance Cost $ 3,529,570 Average Non-Compliance Cost $9,368,351 Average Total Cost $12,897,921 Source: Ponemon Institute LLC, 2011 Compliance Challenges: Compliance Challenges Millions of Dollars in Fines Consequences of Non-Compliance: Consequences of Non-Compliance Consequences of Non-Compliance: Consequences of Non-Compliance Business Disruption Consequences of Non-Compliance: Consequences of Non-Compliance Fines, Penalties, Sanctions Consequences of Non-Compliance: Consequences of Non-Compliance Revenue Loss Consequences of Non-Compliance: Consequences of Non-Compliance Productivity Loss Consequences of Non-Compliance: Consequences of Non-Compliance Business Disruption Fines, Penalties, Sanctions Revenue Loss Productivity Loss PowerPoint Presentation: How can organizations deliver effective compliance training? Delivery of compliance training: Delivery of compliance training Classroom training: Limited reach in relation when more number of employees have to be training. Delivery of compliance training: Delivery of compliance training Off-the-shelf online courses: Relatively Inexpensive Delivery of compliance training: Delivery of compliance training Customized eLearning courses: Customization as per organization’s needs Delivery of compliance training: Delivery of compliance training Blended training: Classroom Training + eLearning Online Training best for Compliance Training: Online Training best for Compliance Training Online Training for Compliance: Online Training for Compliance Online Training is considered best for Compliance Training Online Training for Compliance: Online Training for Compliance Custom – made eLearning courses Online Training for Compliance: Online Training for Compliance Engaging with scenarios and real life examples. Online Training for Compliance: Online Training for Compliance Training possible through multiple devices Online Training for Compliance: Online Training for Compliance Hosting on LMS can facilitate easy tracking and certification Conclusion: Conclusion Online training solutions deliver compliance training to all the employees . Training is effective and can be reinforced periodically for maximum impact. It is cost-effective as larger groups of employees can be trained within a short duration. PowerPoint Presentation: To read articles on similar topics, please visit blog.commlabindia.com PowerPoint Presentation: Thank you

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