This past week, Interactive Services hosted a working breakfast for compliance and learning professionals at the Irish Consulate of New York. The event, co-sponsored by Enterprise Ireland, brought together learning and compliance leaders from firms such as Morgan Stanley, Tiffany & Co and MasterCard.
The breakfast was an opportunity for participants to share what’s working at their firms and address some of the common challenges facing compliance training and learning leaders in 2015.
Matt Plass, Interactive Services CLO, shared our findings on the reasons why compliance training can fail.
5 Reasons Why Compliance Training Fails
- It is not relevant
- It doesn’t win hearts and minds
- It doesn’t elevate compliance
- It doesn’t reach the final 10%
- No update strategy is implemented
Mark Dorosz, Interactive Services VP of Compliance Learning unveiled a new prototype for the Compliance Learning Center that will launch on January 31st, 2015. The Compliance Learning Center prototype demonstrated a new way to train on regulatory compliance, workplace conduct and data confidentiality.
Mark walked the group through an iPad-friendly topic on Insider Trading that demoed our new role profiling engine, diagnostic assessment technology and library of compliance learning scenarios.
In the coming weeks, we’ll be exploring some of the broader opportunities and steps that can raise the quality of corporate compliance training for large US and global workforces.
Your organization needs world-class compliance training!
Regardless of the type of business you run or the industry you’re in, you have a responsibility to ensure that you’re organization is compliant with the law and that your employees are aware of and understand their legal obligations in the workplace.
Compliance training helps in understanding the legal boundaries within which an organization operates and provides the legal framework which assists in enhancing the relationship between employees and employers.
Interactive Services has over 25 years experience in developing compliance training solutions for organizations across many industries – Financial Services, Retail, Technology to name a few.
If you would like to learn more about out how we can help develop compliance training that improves performance in your organization, contact us for a free consultation today!