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Cost-Effective Training to Avoid
Non-Compliance Penalties
CommLab India
Compliance Challenges
• Compliance regulations are complex
Compliance Challenges
• Most organizations need to comply with
more than 1 compliance requirement
4 or more
3
2
1
35%
29%
25%
11%
Source: InformationWeek 2012 Regulatory Compliance Survey of 422 business technology professionals, May 2012
Compliance Challenges
• Rules are complex
• Need proficient employees
• Lack of in-house expertise
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
• Millions of Dollars in Fines
CONSEQUENCES OF
NON-COMPLIANCE
Consequences of Non-Compliance
• Business Disruption
Consequences of Non-Compliance
• Fines, Penalties, Sanctions
Consequences of Non-Compliance
• Revenue Loss
Consequences of Non-Compliance
• Productivity Loss
Consequences of Non-Compliance
• Business Disruption
• Fines, Penalties, Sanctions
• Revenue Loss
• Productivity Loss
HOW CAN ORGANIZATIONS
DELIVER EFFECTIVE
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
Off-the-shelf online courses:
• Relatively Inexpensive
Delivery of compliance training
Customized eLearning courses:
• Customization as per organization’s needs
Delivery of compliance training
Blended training:
• Classroom Training + eLearning
ONLINE TRAINING BEST FOR
COMPLIANCE TRAINING
Online Training for Compliance
• Online Training is considered best for
Compliance Training
Online Training for Compliance
• Custom – made eLearning courses
Online Training for Compliance
• Engaging with scenarios and real life
examples.
Online Training for Compliance
• Training possible through multiple devices
Online Training for Compliance
• Hosting on LMS can facilitate easy tracking
and certification
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.
To read articles on similar
topics, please visit
blog.commlabindia.com
Thank you

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Cost-Effective Training to Avoid Non-Compliance Penalties

Notes de l'éditeur

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