The Cost of Compliance Report

Length: 16 pages | Format: PDF 

You only have to look at the eye-watering fines issued by the FCA to see how damaging non-compliance could be to your business. It’s not just the direct costs that come from financial penalties either. There’s also the time spent dealing with the aftermath of the breach, as well as the erosion of customer, investor and employee confidence that may not be immediately obvious but that, nonetheless, impacts the firm’s reputation and bottom line.

Training is one of the most powerful ways to empower people to make the right decision and avoid these kinds of fines – but our report suggests that many budgets are stagnating or even shrinking. L&D and compliance teams may be under pressure to justify the value of training, both the upfront costs and the time it takes out of people’s days.

Our latest report, The Cost of Compliance (and Missed Opportunity), frames compliance training, not as a cost to the business, but an opportunity. As well as protecting firms from fines and bad press, there are a wide range of indirect benefits too – everything from employee engagement to innovation. We’ll look at how you can deliver training efficiently and effectively, even as budgets shrink, to unlock the compliance advantage.