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Cost-Effective Training to Avoid Non-Compliance Penalties

Check out this presentation to learn how organizations can ensure their employees receive mandatory training in a cost-effective manner.

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Cost-Effective Training to Avoid Non-Compliance Penalties

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  1. Cost-Effective Training to Avoid Non-Compliance Penalties CommLab India

  2. Compliance Challenges • Compliance regulations are complex

  3. Compliance Challenges • Most organizations need to comply with more than 1 compliance requirement 11% 25% 35% 29% Source: InformationWeek 2012 Regulatory Compliance Survey of 422 business technology professionals, May 2012

  4. Compliance Challenges • Rules are complex • Need proficient employees • Lack of in-house expertise

  5. 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

  6. Compliance Challenges • Millions of Dollars in Fines

  7. Consequences of Non-Compliance

  8. Consequences of Non-Compliance • Business Disruption

  9. Consequences of Non-Compliance • Fines, Penalties, Sanctions

  10. Consequences of Non-Compliance • Revenue Loss

  11. Consequences of Non-Compliance • Productivity Loss

  12. Consequences of Non-Compliance • Business Disruption • Fines, Penalties, Sanctions • Revenue Loss • Productivity Loss

  13. How can organizations deliver effective compliance training?

  14. Delivery of compliance training Classroom training: • Limited reach in relation when more number of employees have to be training.

  15. Delivery of compliance training Off-the-shelf online courses: • Relatively Inexpensive

  16. Delivery of compliance training Customized eLearning courses: • Customization as per organization’s needs

  17. Delivery of compliance training Blended training: • Classroom Training + eLearning

  18. Online Training best for Compliance Training

  19. Online Training for Compliance • Online Training is considered best for Compliance Training

  20. Online Training for Compliance • Custom – made eLearning courses

  21. Online Training for Compliance • Engaging with scenarios and real life examples.

  22. Online Training for Compliance • Training possible through multiple devices

  23. Online Training for Compliance • Hosting on LMS can facilitate easy tracking and certification

  24. 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.

  25. To read articles on similar topics, please visit blog.commlabindia.com

  26. Thank you

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