More than half (56 percent) of the respondents to the NAVEX Global 2014 Ethics & Compliance Training Benchmark Survey revealed that their top ethics and compliance training concern today is the limited hours available for training their stakeholders. A close second (54 percent) is measuring the effectiveness of training programs, and the third among top challenges is not enough budget (42 percent).
Better Measurement, New Strategies Will Help Alleviate Top Concerns
Dealing with the constraints and challenges of time, money and measurement are perpetual difficulties for ethics and compliance professionals. The pressure to increase effectiveness despite these challenges has increased as programs have moved into second and third generation phases, and regulators have become savvier at detecting check-the-box programs.
As compliance professionals’ ability to measure program effectiveness improves, decision-makers will be better able to determine if their investments are working—and where additional resources are needed to meet goals.
One strategy organizations are increasingly exploring to help overcome time and budget obstacles is to employ microlearning training, which allows them to cover additional topics in less time, and at a lower cost, as well as refresh training more frequently.