Texas Instruments saw shares decline 2.2 percent just hours after their CEO stepped down over code of conduct violations.
FMCNA had to pay $3.5 million to the U.S. Department of Health and Human Services (HHS) Office to settle violations of the Health Insurance Portability and Accountability Act (HIPAA) Privacy and Security Rules.
Such legal problems are harmful to the organization’s reputation, and cost a lot even if the organization has done nothing wrong. Thus it is obvious that training employees on pertinent laws and regulations plays an important part in preventing violations and therefore limit the organization’s exposure to legal complications.
Most people think that compliance training is only a priority for healthcare, securities, antitrust and bribery. But most organizations today are required to comply to regulatory requirements covering a broad range of issues.
Infonative has created over 170 hours of compliance training for a variety of regulatory requirements – Health & Safety, Prevention of Sexual Harassment, Ethics & Compliance, Anti-trust issues etc. We have a systematic approach of:
• Assessing the current program to analyse gaps in terms of updated content with the most recent laws.
• Profiling audience in terms of specific requirements of their job roles that require legal compliance.
• Articulating the to-be state in terms of design, performance objective, technology, localization etc.
• Presenting an approach that is ssufficiently detailed to provide an adequate understanding of the topic with real—life examples.
• Building a prototype and carry out a full-scale development after the prototype is approved.
• Regional translation if needed will be taken up after the rollout of the first version.
We at Infonative believe that the following aspects are critical for the success of compliance training:
direct messaging of laws and regulations
impact of legal violations
cases of non-compliance
on LMS to be certified for completion of compliance training.
to avoid costly mistakes in real-world environment
for increased engagement
for field & virtual staff
to complete compliance even in locations without a proper internet connection