Press Releases

Companies with Ethics and Compliance eLearning Solutions Experience 73% Decline in Risk and Exposure

FOR IMMEDIATE RELEASE
January 20, 2007

Media Contact:
Rebecca Peterson, 415-962-3414
rpeterson@elt-inc.com
www.elt-inc.com

SAN FRANCISCO, CA (January, 20, 2007)—A recent study by the Aberdeen group, sponsored by ELT, found that "companies with established eLearning solutions for compliance and ethics management have experienced a 73% decline in corporate risk and exposure related issues." One of the main reasons for this, as noted in the report, is that companies who don't have an eLearning solution are plagued with ineffective communications around such issues. Furthermore, the report found the companies that have not implemented an eLearning platform are at risk of not meeting compliance.

"Given the nature of today's corporate environment, as well as the geographic reach of people and resources, these statistics are not surprising," said Shanti Atkins, President & CEO of ELT. "Because of the numerous challenges and time restraints in deploying key ethics training, the eLearning platform is key in driving automated awareness, which many need to be compliant."

Besides a reduction in negative issues, firms that have invested in an eLearning solution for their ethics and compliance management needs are benefiting by "attracting and retraining employees, improving accountability across the enterprise and financial gains through automated technology solutions to drive awareness and education."

Other findings of the report include the following:

Best-in-Class companies work with solution providers that can tailor the solution to their specific requirements without compromising content or features
"More than 57% of respondents see "Code of Conduct" as a core feature of any eLearning investment, which is not surprising since the basic premise for this solution is to provide the needed education and awareness on corporate mandates, policies and ethics."
Companies should ensure their chosen solutions meet the following criteria

"The solution of choice must offer a strong focus on two key components: code of conduct and a certification program."

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ELT provides employers of all sizes and across multiple industries with online compliance training of unparalleled quality. Featured in the New York Times and Fortune Small Business Magazine as one of the premier online training providers, ELT's programs are now used by more than 1,000,000 learners in leading companies across the United States. ELT's courseware is built upon the renowned legal expertise of the global law firms Littler Mendelson and Shearman & Sterling, using Legal EngineeringT to help establish invaluable defenses to workplace litigation. Programs also feature cutting edge instructional design to provide a training experience that educates, entertains and engages. ELT helps employers to comply with mandatory training laws and regulations, such as California's new harassment training law (AB 1825) and the recently amended Federal Sentencing Guidelines. Demos of ELT's courseware can be found at www.elt-inc.com.

For additional information, please contact Rebecca Peterson at rpeterson@elt-inc.com or 415-962-3414.