Regulatory compliance costs firms billions each year. For any organization, much of these costs are spent training employees on regulations, administering these training requirements, and ensuring training compliance is constantly up to date. Numerous learning management technology solutions are available today that almost certainly will reduce these management costs and provide a staggering return-on-investment by improving compliance management efficiency.
Non-compliance has another set of costs, even beyond the obvious large fines and penalties that may occur. Failure to comply may even lead to firings, lawsuits, public censure, loss of supplier contracts, stock devaluation and even bankruptcy. In addition to alleviating many of the headaches caused by manually managing compliance requirements, learning management solutions help mitigate business compliance risks by helping you better monitor employee training status and results.
Register here to Download the Compliance Training Kit
Compliance Training Kit consists of the following articles and webseminars.
1. 10 Steps in Developing an Enterprise-Wide Compliance Training Strategy -
Companies spend millions each year conducting mandatory training. Whether triggered by an audit, the risk of non-compliance, bad PR, or internal training requirements, achieving compliance can be difficult and costly. Enforcing compliance often meets with resistance. Many organizations waste millions of dollars keeping up with training requirements and reporting training data. Even with all of the effort, manual processes typically have gaps and increase an organization's risk of non-compliance. Furthermore, organizations often uncover redundant processes that manage separate compliance needs. These could be leveraged with better planning. So how can your organization reduce the costs and compliance risks of mandatory training? Here are 10 steps for developing an enterprise-wide compliance training strategy.
2. Learn how Toys R Us Manages Training Compliance of its OSHA Requirements
InFocus: The Virtual Classroom - By Caryl Bohach
In addition to automating course dissemination, the learning management system (LMS) provides data on the number of employees attending courses, and the length of time it takes those employees to complete each course. "We're transitioning to building a more robust structure that will show, by associate, their required courses, ones they've completed and to what proficiency," says Zahn. "We want to provide district managers with a snapshot of their region." In the future, Toys 'R' Us plans to use the learning management system to trigger annual registration and better monitor OSHA compliance and gaps, which are being tracked through paper. Zahn is optimistic about the system's continued success: "We've had a lot of positive feedback from managers and associates who say the system improves product knowledge and customer-service skills."
3. Compliance Training Can Be A Matter of Life or Death: DAC
Thinking of safety - Computer-based training makes safer ammo handling - By Tim Mahon
Ammunition technicians in Iraq are accessing the system to bring themselves up to date with current handling and safety techniques while deployed, rather than having to travel to education centers. They also can tailor their learning to suit their individual needs while remaining within the certification system. "The great thing, from our point of view, is we can deliver this training at the cost of $20 per student," Scott said. And that should mean a lot less undesirable bangs for the expenditure of a few bucks.
4. Making The Business Case for a Learning Management System
Recorded on June 20, 2006
After three years of trying and two failed attempts at making the case for a learning management system, how one learning professional convinced her organization to evolve from data and content management to viewing learning and performance management as a strategic advantage.
Presented by:
Marguerite Samms
Director, Education Services
MultiCare Health System
Marguerite Samms, Director of Education Services for MultiCare, believed that an LMS would complete the alignment of systems for high performance. These systems included workforce development, performance management, operational effectiveness, and learning, which when aligned can offer measurable impact on sustained organizational performance.
Marguerite will show you how she built a successful business case for learning management from a 360 degree perspective: developing an internal support network, understanding what really matters to upper management, and getting past that first (or fifth) "No".
Topics covered:
Real-life lessons from the trenches on how you can help your organization progress to the next level of learning.
5. Ethics & Code of Conduct Training: Your Critical Role in Compliance
Recorded on March 9, 2006
Presented by:
Shanti Atkins
President & CEO
ELT, Inc.
In the post Sarbanes-Oxley workplace, the ever-evolving world of corporate compliance and risk management has been largely considered an issue for Risk Management and Accounting. The critical need for ethics and "Code of Conduct" training for the entire workplace, however, is changing that viewpoint, placing HR, Employee Relations and training professionals squarely at the compliance table.
During this webcast, you will learn about the legal requirements that mandate ethics and code of conduct training, as well as how to provide an effective and engaging training program for the entire organization.
Topics we'll cover include:
ROI for ethics and Code of Conduct training, as well as the risks associated with failing to train
6. Hear from the Author of CA's Harassment Training Law (AB 1825): The New June 2006 Regulations
Recorded on July 20, 2006
On June 20, 2006, California's Fair Employment and Housing Commission (FEHC) adopted new regulations for AB 1825 - the state's harassment training law. AB 1825 requires California employers with 50 or more employees to provide all supervisors with harassment training every two years. While these regulations are not final, they are the benchmark by which employers should be assessing and planning training efforts.
The regulations are extensive and detailed. They have created groundbreaking, stringent requirements for all forms of training, especially e-learning. To be compliant with AB 1825, it is essential to understand the new regulations.
These regulations are expected to heavily influence harassment training standards outside of California. They will also influence broader compliance training mandates, such as the ethics training required for all employers under the Federal Sentencing Guidelines.
This interactive webcast features AB 1825's author, Sarah Reyes, as well as Shanti Atkins, Esq., President & CEO of ELT. As part of the Special Advisory Committee to the FEHC, ELT has been instrumental in helping to draft the AB 1825 regulations.
You will learn:
7. Web Resources
Important links and resources related compliance training, compliance issues, latest news about compliance regulations, group discussion, knowledge sharing and interaction.
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