Compliance training versus compliance performance: New SAI Global and Towards Maturity report tackles how to bridge the divide

June 14, 2017

Towards Maturity and SAI Global's report 'Solving the compliance conundrum', which was released today, lifts the lid on how global compliance programs are evolving and what practices are required to adequately protect organizations from threats related to increasing globalization, technological advances and the evolving regulatory environment.

 

 

The findings show that while more time is spent on compliance training than on any other formal learning and development, there's a significant gap between the desired and actual outcomes; 95% of respondents want to change their workplace culture and 81% of the workforce is involved in mandatory training each year. Despite this, only 27% of organizations seeking evidence of a change in behavior in their workforce, believe they are actually succeeding and only 15% believed their current approach actually achieved this.

The survey results compare ethics and compliance program goals and performance from 2013 to 2017, identifying what's working and what the barriers to success are. Some of the key insights gained include:

  • Targeted, position-based training to empower ethical decision making is essential. Respondent feedback indicated, on average, that 61% of employees in their companies receive the same learning content as everyone else in the company, despite the risk profile for each role being entirely unique with its own set of challenges.
     
  • Extending compliance training to third-party network significantly reduces business risk. Evidence suggests the provision of third-party ethics and compliance training to contractors, vendors and suppliers reduces an organization's third party risk by up to three times. Despite this only 19% of organizations currently allow third-parties access to their compliance training.
     
  • Mapping learning requirements to business process pays dividends. Mapping learning outcomes to business processes generates significant benefits including enhanced compliance with regulator's requirements for training, reducing insurance premiums by 12% and, in the case of serious misconduct, reducing potential penalties a company faces by 16%.

  • Workplace technology needs to keep up with the rest of the world. While 91% of learners own a smartphone and/or tablet, use of such technology to access learning and support content is surprisingly low. 43% of survey respondents rated learning on mobile devices as having the greatest impact on behavioral change but only 25% use mobile tablets and 7% use smartphone devices to access learning material.

  • Engaging content and delivery methods are essential. 46% of respondents report a major barrier to learning was that content is dull and delivery is lacking in engagement.

  • Securing and protecting data against cyberattacks is a top priority. A greater understanding of the exposure to risk from cybercrime and data loss or corruption has driven the largest increase (13%) in perceived risk between 2015 and 2017 compared to any other risk category. 81% of survey respondents rated cybersecurity as the number one priority.

Comparing data from 2013 and 2015 with this year’s results, it’s clear that culture isn’t shifting as fast as it needs to for organizations to be able to adequately respond to the new wave of technology driven risks. This research brings new evidence to the table; new insights that will drive more effective changes to ethics and compliance learning programs and ensure success.

Laura Overton

Towards Maturity

SAI Global, an international leader in providing ethics and compliance training, sponsored this independent benchmark study by Towards Maturity to explore methodologies and practices for improving the impact and effectiveness of compliance training.

There is no doubt that the field of ethics and compliance can be challenging, as there is nothing simple about influencing how people from different backgrounds and cultures behave. Our ability to come together as a community and collaborate on our collective journey to a future where ethical behavior is instinctual and celebrated drives everything we do.

Peter Mullins

CEO, SAI Global

 

Methodology

Data for this report is drawn from:

  • A compliance audit with over 250 compliance professionals from 28 countries gathered between March and May 2017
  • Data drawn from over 600 compliance professionals who participated in  the compliance studies in 2013 and 2015
  • Group workshop held in April with Risk and L&D executives
  • Towards Maturity's Learning Landscape™ research from a sample of 4,500 workers, The Learner Voice: Part 3 
About Towards Maturity

Towards Maturity is an independent research company that provides expert advice and support to help organizations accelerate business performance through learning. It leverages the data of its longitudinal Benchmark Study, the largest learning strategy benchmark in the world. Since 2003, over 5,500 organizations and 35,000 learners have contributed to the Towards Maturity Benchmark.

Learn more about the Towards Maturity Benchmark and model at:  www.towardsmaturity.org/benchmark

Thanks to the support of Towards Maturity Ambassadors, annual benchmark reports, case studies and resources are available to download for free. Towards Maturity Ambassadors work together as agents of change, identifying and improving on effective practice, raising awareness and driving the learning profession forward.

Towards Maturity Ambassadors include strategic partner the CIPD, publishing partner Emerald Group Publishing, the founding Ambassadors: Learning Technologies, LEO, Charity Learning Consortium, Acteon, Kallidus and Speexx, plus: Bray Leino Learning, Clear Lessons, Cognician, City and Guilds Kineo, CrossKnowledge, Degreed, Docebo, Dossier, DPG plc, getAbstract, GoodPractice, KPMG, Learning Pool, Lumesse, PurpleMedia, Raytheon Professional Services, Redware, Saba Software, Skillsoft and Workstar. Learn more about Towards Maturity's Ambassadors at:  www.towardsmaturity.org/ambassadors

Towards Maturity is a part of  the Emerald Group.

About SAI Global

At SAI Global, we make Intelligent Risk possible by helping organizations proactively manage risk to achieve business excellence, growth, sustainability and ultimately, create trust.

Our integrated risk management solutions are a combination of world-class tech platforms, services and advisory capabilities that operate across the entire lifecycle allowing businesses to focus on opportunities presented by uncertainty. Together, these tools and knowledge enable customers to develop a holistic, integrated view of risk. In Australia, we are also a leading provider of settlement related services; company, personal and property information.

SAI Global Limited's head office is located in Sydney, Australia. We employ more than 2,000 people across 29 countries and 51 locations across Europe, the Middle East, Africa, the Americas, Asia and the Pacific.  www.saiglobal.com.