It’s Now Or Never: How is Learning & Development changing the BFSI sector in 2023?
By Akshaya Madurai Venkatesan
March 3, 2023
Investing in learning and development (L&D) programs for BFSI professionals has become increasingly crucial. With the industry’s constant evolution, banking challenges continue to arise, including a widening skill gap, ever-increasing regulatory requirements, and customer expectations. To conquer these challenges, banks must prioritize L&D programs, such as training programs, to build a champion team.
Here are the five golden rules to keep in mind while building a BFSI dream team through banking training:
- Skill gap analysis: Conduct thorough research on your current workforce’s skill gap and identify areas where training is required. This will help you build a comprehensive bank training program addressing your team’s needs.
- Heat map analysis: A heat map analysis can help you identify the critical skills that your team needs to develop. This analysis lets you gain insights into which skills are most vital to your organization’s success.
- Training ROI: To ensure that your L&D programs are effective, you must measure their ROI. Training return on investment (ROI) can help you assess the effectiveness of your training programs and identify areas where you can improve.
- Banking training courses: Provide your team with access to training courses relevant to their roles and the challenges they face in the banking industry. This will help them develop the skills they need to excel in their roles and drive the success of your organization.
- Continuous learning: Make L&D programs constant by encouraging your team to continue learning and upskilling. By promoting a culture of continuous learning, you can ensure that your unit stays up-to-date with the latest industry trends and challenges.
In conclusion, investing in L&D programs, including bank training programs, is essential for banks to conquer the challenges in the banking sector. By following these golden rules, banks can build a champion team with the skills they need to thrive in the ever-evolving BFSI industry. Moreover, measuring the training ROI will help banks to allocate the resources effectively and efficiently, ensuring the effectiveness of the training programs.
To learn more about how AntWalk can help your business improve your team’s performance, visit AntWalk.