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Companies Spend Millions Each Year Conducting Mandatory Training - 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
Companies Spend Millions Each Year Conducting Mandatory Training

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2006/08/25 - 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. NASDAQ: SUMT

   
 
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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:

1. Perform an enterprise-wide assessment of regulatory bodies that affect your organization. Identify the training & competency requirements for these organizations
2. Identify training for internal Standard Operating Procedures (SOPs)
3. Conduct process-flows
4. Calculate the financial impact of compliance training
5. Obtain buy-in from management. Determine requirements from process owners and regulatory bodies up front
7. Implement processes and systems that bend, not break
8. Ensure reporting flexibility
9. Consider blended-learning strategies for your compliance training
10. Monitor your processes, make enhancements.

Author - Jon Ciampi
Jon Ciampi is Vice President of Marketing for SumTotal Systems, Inc, (Nasdaq: SUMT), the world’s largest provider of learning and business performance technologies and services.

 
 
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Companies Spend Millions Each Year Conducting Mandatory Training

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Publisher Contact: SumTotalSystems.com 
650-934-9500 web-marketing[.]sumtotalsystems.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any SumTotal Systems securities in any jurisdiction including any other companies listed or named in this release.

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