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Compliance Rockstar Infographic
1. Source:
Cost of Compliance 2016 (Thomson Reuters, 2016).
HR Compliance 2017: High-Consequence Industries (Brandon Hall Group)
Better alignment and cooperation between the departments drives high-quality information and reporting -
which is a regulatory expectation and a critical means to demonstrate the discharge of personal liability.
Training records are nearly always
reviewed during an inspection or audit
by regulatory authorities to check that
employees have received the appropriate
training and their competencies or
certifications are current and valid.
Dress rehearsals are critical!
of organizations in highly
regulated industries have
already undergone a
compliance audit
conduct an internal
assessment of compliance
once a month or more
Source: HR Compliance 2017: High-Consequence
Industries (Brandon Hall Group)
of organizations in highly regulated
industries say that compliance, as a
separate department, is responsible
for internal compliance audits
say that HR is primarily
responsible for internal
compliance audits
of compliance professionals expect
that their personal liability will be
greater in the future than it is today
36%
33%
60%
1/4
BECOME A
COMPLIANCE
55%
While
Practice Makes Perfect
Only
Harmony Within the Band is Critical
2. Internal and external reporting is an essential part of the compliance function.
Done poorly, it signals regulators to initiate a wider investigation of organizational
activities and even enforcement action.
Source:
HR Compliance 2017: High-Consequence Industries (Brandon Hall Group)
of organizations in
highly regulated industries
are still managing
compliance manually
say the current
technology systems
are inadequate for
compliance tracking49%
26%
What do you consider to be the
most essential functionalities for
compliance technology solutions?
Automatic updating when
new regulations are signed
Time/Hour Tracking
Document
Management
1
2
3
Choose the Right Instrument
Using a Learning Management System (LMS)
helps to ensure your organization is always
ready for a compliance audit.
Benefits of using an LMS for compliance:
Automate processes: Effectively track SOPs and
compliance status with electronic training records
Mitigate risk: Get real-time reporting on regulated
training and competencies/certifications
NetDimensions helps organizations in highly regulated industries by providing a single, fully integrated training and
performance platform to manage the people part of regulatory compliance. Visit our website today to learn more.
www.netdimensions.com/compliance
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Did you like this collateral? Then you might also be interested in
our 5 Main Benefits of Using your LMS for Compliance brief.