Compliance Training Benefits
The Wall Street Journal demonstrates companies without internal controls violations in 2004 and 2005 experienced an increase in share price of 27.7 percent. Companies experiencing ongoing internal control violations through 2004 and 2005 experienced a 5.7 percent decline in share price1.
AMR Research report shows fragmented and duplicate GRC efforts result in corporate spending of nearly $18 billion in 20062.
No matter how you frame it, cost and value are intimately tied to how well an organization successfully addresses GRC.
Yet, many global enterprises have yet to effectively change the root cause of violations: behavior.
And the key to changing behavior is training.
Not just any training, but appropriate training.
Unfortunately, many companies’ approach to compliance training is misdirected. Some examples:
Salvo: Task the compliance department to train.
Drawback: Compliance employees are not training experts and don’t have the time.
Salvo: Task each department with fulfilling GRC deliverables.
Drawback: Inconsistency across the company, no training expertise, duplication of efforts and costs.
Salvo: Task in-house training teams.
Drawback: In-house teams are often over-tasked, unable to drive highly-effective compliance training.
Salvo: Off-the-shelf or “canned” training for cost savings.
Drawback: Pre-made training courses can’t address specific business needs, goals, history, or culture.
At Allen, we take a completely different approach: We deliver training customized to your organization. We work with you from the ground up to research, analyze, develop, create, deliver, and implement compliance training programs that actually work and deliver measurable results.
We don’t sell you a box with software. We help you create and deliver a strategy that will influence change in employee behavior that leads to a conforming, aware and compliant-positive culture.
Compliance Training Examples
Aon
Code of Business Conduct
Aon, a multinational insurance corporation, teamed with Allen to produce a one-hour web-based course titled “Code of Business Conduct.” The purpose of this course was to help Aon employees understand the principles in Aon's newly published Code of Business Conduct, how these principles apply in real-life situations, and the resources available to help employees when they have a question or concern. To view an online demo, please contact us now and we will send you a link.
Exelon
Fitness for Duty
This training provided information on Exelon's Fitness For Duty policy so workers at nuclear plants could perform their jobs safely and competently in an environment free of drugs and alcohol. The course took employees through Exelon's drug and alcohol policy, the consequences of not adhering to it and laws and regulations governing the Fitness for Duty policy. The course also provided learners with statistics showing the harmful effect of employees who use drugs and/or alcohol on the job. To view an online demo, please contact us now and we will send you a link.
Rockwell Collins
Antitrust Compliance
The Antitrust Compliance program provided learners with a better understanding of antitrust laws and corporate policies at Rockwell Collins. Designed as part of an extensive legal training program, the course was developed for an audience that consisted of all salaried employees at Rockwell Collins—over 6,000 individuals. The main objective of the Antitrust Compliance course was to present complex legal subject matter in terms every learner could understand and apply to their daily responsibilities. To view an online demo, please contact us now and we will send you a link.