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BUSINESS RISKS ARE BECOMING MORE COMPLEX. HOW SHOULD YOU ADAPT?

September 9, 2024 | Activate Learning | 4 min read


ASHA PALMER

SVP, Product Portfolio, Product Marketing Go Train

CARLA SPARKS TINGLE

Sr Mgr, Product Management
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The risks organizations face have become increasingly difficult to identify,
manage, and avoid. Add to this thin budgets and lean compliance teams, staving
off misconduct isn’t easy today.

A 2024 Accenture Risk Study shows 83% of leaders say “complex, interconnected
risks” have become more prevalent and 77% are struggling to manage these risks. 

Given the constant change and increasing complexity, very few believe their
organizations manage risk effectively. From the study: 

> “…just 14.5% of the organizations surveyed have advanced levels of risk
> management capabilities...”

However, leaders are working to fortify their organizations, protect their
employees, and comply with mandates. 

To do this, many plan to invest in new technology, which is essential to
building an effective, sustainable, and scalable compliance program that meets
regulatory standards. Risk leaders are also prioritizing training their teams
and workforce. 

This is where Skillsoft can help. 

Today, we’re announcing our new Compliance Suite — a dynamic, intuitive training
solution that will help improve how organizations identify and reduce risk.


DELIVER RISK-BASED TRAINING, MEASURE THE IMPACT

In listening to our customers explain what they need from their compliance
training, we found that learners and administrators want more flexibility, more
personalization, and more insight into outcomes. 

Traditional compliance training continually falls short in these areas. 

It’s rigid, offering one-size-fits-all training. It also makes it tough to drill
down into the risks linked to individuals, preventing organizations from
thoroughly understanding what they’re up against.

That’s why we set to work developing Skillsoft’s Compliance Suite, which centers
personalized, risk-based training. 

This approach delivers compliance training to individuals based on their risk
profile and then helps administrators analyze and understand the impact of the
training — a stark contrast from the traditional way. 


WHAT’S DIFFERENT FROM SKILLSOFT’S PREVIOUS COMPLIANCE TRAINING? 

For a long time, Skillsoft’s compliance training wasn’t fully integrated into
Percipio, creating roadblocks to reporting and connections to learning
management systems.

Not anymore. 

Skillsoft’s Compliance Suite brings all training material — served in 35+
languages — into Percipio. Compliance training launches inside the platform,
creating a seamless experience for learners and administrators.

The Suite will also include a range of dashboards to help assess risks and
measure training efficacy. The dashboards will yield more insights that
compliance professionals can use to spot elevated risk areas, analyze
performance, and report to stakeholders. 


WHAT’S INCLUDED WITH SKILLSOFT’S COMPLIANCE SUITE?

Percipio-native Training — Skillsoft’s entire compliance curriculum is in
Percipio, improving the experience for both learners and administrators. In the
months ahead, administrators will have more opportunities to customize courses,
issue assignments in more languages, and connect this training to their LMS.

Risk Analytics — Available right away is a dashboard to help show completion
rates, but more advanced dashboards are coming in the months ahead. These
additional dashboards will reveal learner behavior, skill assessment scores, and
engagement levels, helping compliance professionals become more proactive in
their efforts to serve timely and relevant training.

Dynamic Content — Part of running an effective compliance program is delivering
risk-based training. Is the training relevant to the individual based on the
risks associated with their role, where they live and so on? That’s where
Dynamic Content comes in. This time-saving feature was developed in response to
the heavy workloads that many administrators struggle with when standing up
complex training programs. Dynamic content greatly reduces the build time of
highly personalized training. 

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TARGETING INDIVIDUAL RISKS TO REDUCE COLLECTIVE VULNERABILITY

As the risks to organizations multiply, compliance professionals must adapt. 

Only, it’s easier said than done. 

The Accenture report mentioned earlier shows 72% of risk leaders say they can’t
keep up with the change. 

Compliance teams are spread thin. For some, budgets have taken a hit. All the
while, risks — new and old — continue to surface and the standards for
compliance have never been higher. 

So, how do you develop a well-designed, well-thought-out compliance program that
goes beyond checking the box?

Skillsoft’s award-winning compliance curriculum has helped organizations keep
pace with emerging risks, laws and regulations. 

“With employees serving 73 markets in 26 states, each having a unique set of
compliance training requirements, the Skillsoft Compliance Suite is invaluable
for our company," said Lori Thompson, Director of Human Resources for national
media company Lee Enterprises. "Dynamic Content allows us to easily manage the
complexities of different state regulations and deliver the right training to
the right employees at the right time. It’s a win-win for administrators and our
talent.”

Now, we take another step forward in our journey to serve our customers and
support their efforts to keep employees safe, stay in line with mandates, and
reduce their chances of suffering the damages of non-compliance. Skillsoft’s
Compliance Suite will reveal the finer details of the risks that organizations
face today and provide more ways to combat them through learning. 

Reach out to see how our Compliance Suite can help you. 

Request a Demo

Activate Learning


ARE CERTIFICATIONS WORTH IT? YES — BUT THERE’S A PROBLEM

September 23, 2024 | 4 min read
Employees who have earned certifications help their employers outcompete others
in the market. These professionals help alleviate the… Continue reading...
Courtney Gardner

Activate Learning


5 CERTIFICATIONS TO VALIDATE YOUR MACHINE LEARNING SKILLS (+ TRAINING)

September 12, 2024 | 6 min read
Artificial intelligence has sharply risen in demand as more and more companies
strive to launch projects reliant on the technology.… Continue reading...
Alec Olson

Activate Learning


NATIONAL READ A BOOK DAY — HOW READING CAN IMPROVE YOUR POWER SKILLS

September 6, 2024 | 5 min read
Reading is not only a fun and relaxing activity, but also a powerful way to
develop your soft skills and grow professionally.What are power… Continue
reading...
Amy Cantin


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