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Compliance Rockstar Infographic

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Learn how a centralized learning & performance management system will help you become a compliance rock star in your organization.

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Compliance Rockstar Infographic

  1. 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. 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 DOWNLOAD NOW Did you like this collateral? Then you might also be interested in our 5 Main Benefits of Using your LMS for Compliance brief.

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