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

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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

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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

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