View
57
Download
0
Category
Tags:
Preview:
DESCRIPTION
Check out this presentation to learn how organizations can ensure their employees receive mandatory training in a cost-effective manner. - PowerPoint PPT Presentation
Citation preview
Commlab India
Cost-Effective Training to Avoid Non-Compliance PenaltiesCommLab India
1Compliance ChallengesCompliance regulations are complex
2Compliance ChallengesMost organizations need to comply with more than 1 compliance requirement35%29%25%11%Source: InformationWeek 2012 Regulatory Compliance Survey of 422 business technology professionals, May 2012
3Compliance ChallengesRules are complexNeed proficient employeesLack of in-house expertise
4Compliance ChallengesCost of Non Compliance is 2.6 More than Cost of ComplianceAverage Compliance Cost $3,529,570Average Non-Compliance Cost $9,368,351Average Total Cost $12,897,921Source: Ponemon Institute LLC, 2011
5
Compliance ChallengesMillions of Dollars in Fines
6Consequences of Non-Compliance
7Consequences of Non-ComplianceBusiness Disruption
8Consequences of Non-ComplianceFines, Penalties, Sanctions
9Consequences of Non-ComplianceRevenue Loss
10Consequences of Non-ComplianceProductivity Loss
11Consequences of Non-ComplianceBusiness DisruptionFines, Penalties, SanctionsRevenue LossProductivity Loss
12
How can organizations deliver effective compliance training?
13Delivery of compliance trainingClassroom training:Limited reach in relation when more number of employees have to be training.
14Delivery of compliance trainingOff-the-shelf online courses:Relatively Inexpensive
15Delivery of compliance trainingCustomized eLearning courses:Customization as per organizations needs
16Delivery of compliance trainingBlended training:Classroom Training + eLearning
17Online Training best for Compliance Training
18Online Training for ComplianceOnline Training is considered best for Compliance Training
19Online Training for ComplianceCustom made eLearning courses
20Online Training for ComplianceEngaging with scenarios and real life examples.
21Online Training for ComplianceTraining possible through multiple devices
22Online Training for ComplianceHosting on LMS can facilitate easy tracking and certification
23ConclusionOnline 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.
24To read articles on similar topics, please visitblog.commlabindia.com
25Thank you
26
Recommended