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E-Learning Options for 2024!
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What E-Learning Topics Are Part of HR Compliance Solutions
Often companies will fail to recognize the many advantages of compliance training. Instead, they only concentrate on avoiding the consequences and penalties of non-compliance.
Good compliance training can show Employers and professionals how their training can impact their company in terms of “good faith defense” by establishing compliance initiatives. These factors are very significant when it comes to establishing an effective risk management strategy.
Compliance Statistics
63% of organizations believe their compliance program helps reduce legal costs, fines, litigation, and resolution time.
While organizations pay an average of $10,000 in regulatory costs annually per employee, non-compliance leads to over $5 million in business disruption losses including operational disruptions.
Non-compliance can do some serious damage to a company. In the worst-case scenario, destroy it.
But, it is essential to look at the big picture and focus on the benefits that compliance training brings to the table Read More.
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