Leading technology innovator and corporate compliance education provider EVERFI, Inc., today released results from their 2017 Corporate Compliance Network Survey, providing key insight into how companies are prioritizing compliance issues through employee education. The survey went out to 2,000 of EVERFI’s corporate compliance customers, including companies covering a cross-section of industries, including technology, financial services, healthcare, and manufacturing.
“Now more than ever, companies are being held accountable by stakeholders, consumers, and employees to prioritize workplace culture and compliance,” said Preston Clark, EVERFI’s President of Corporate Compliance. “The insights drawn from this survey reveal first hand compliance challenges pervasive across industries. It’s our hope that we can start to both understand and address these needs through effective education.”
EVERFI’s 2017 Corporate Compliance Network Survey reflects feedback from companies ranging in size from under 200 employees to 50,000+ and are actively managing the administration of training initiatives. This feedback is directly from the front lines of employee education and engagement efforts at respective organizations.
Respondents ranked the following priorities for 2017-2018:
Harassment & Discrimination 83%
Diversity & Inclusion 37%
Privacy & Data Protection 29%
Given compliance mandates and federal guidance, it is no surprise that harassment & discrimination training is most frequently cited as a top training priority, but what is noteworthy is that diversity/inclusion beat out privacy/data protection for the #2 spot, with 37 percent of respondents identifying it as a top priority for 2017-2018.
The need for effective diversity training is highly recognized by the surveyed companies. 75 percent affirmatively assert value in diversity training from a management perspective and 66 percent affirm diversity training helps retain employees.
The survey also revealed significant hurdles in establishing effective, measurable training resources and the ability to meet these challenges.
Challenges in Training Program Implementation :
Only 7 percent felt their organization’s initiatives were “very effective”
64 percent of businesses want assistance in structuring assessments
More than one-third do not track effectiveness or completion of training programs
Without effective data and measurable training initiatives, businesses face an uphill battle as they seek to address their concerns while benchmarking their success in meeting these ever-evolving compliance challenges.