Business & Finance Corporations

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.

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