Tag: Banking training
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The benefits of interactive training in banking
Due to being a complicated and ever-changing industry, businesses in the banking sector should be looking for training methods that will engage their employees and make a significant difference in their long term performance. Interactive training is the way forward in this respect. These training methods are well documented as increasing the retention of information…
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Do your employees really know how your bank works?
The banking sector can become incredibly difficult to work in as processes, laws and technologies are constantly evolving. It can leave employees confused and lacking a solid grip on how banking operates if they are left unaided. The Financial Times commented that the banking sector can become so convoluted and hard to understand that “The…
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Why is time management training important in the banking sector?
Time management training helps individuals to manage their workload more efficiently, saving time that was previously spent on workplace distractions and unproductive activities. While time management training is important in any industry, it is especially relevant to the banking sector because of its fast-paced and competitive nature, where individuals may have multiple large and small…
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How can experiential learning benefit risk training programmes in banking?
Risk training is something that should be consistently implemented throughout a business in any professional industry. In particular, companies in the banking sector should be prioritising risk management in order to avoid any costly errors. Following the global banking crisis over a decade ago, there are more regulatory frameworks than ever before to avoid a…
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What are the top 4 skills that retail banking companies should look for?
Workplace training is always essential to improve their skills and abilities and ensure that you’re offering your customers the optimum service and best representation of your business. Whether your candidates are graduates or have been in the banking sector for some time, it is important for employers in the banking sector to understand the skills which…
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Implementing financial services training to reduce the skills gap
The financial services sector is currently facing a skills shortage which is consequently causing financial services directors to lose sleep over concerns for the future. With increased regulatory controls, changing new business processes and changes to employee training slated as the key concerns for the majority of worried financial services managers, businesses need to find…
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How can companies inspire graduates to pursue a role in wealth management?
With a wealth of millennial and Generation Z talent entering the workplace, businesses are fighting to attract the top of the talent pool to join their ranks. Where private banking and finance companies are seeking fresh faces to become wealth managers, they must be able to effectively promote the prospects of the job and ensure…
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How can your business overcome common challenges in retail banking training?
Retail banking is changing to offer customers improved security and increased services which will make their money management overall more efficient. There is an increased need to change how the banks’ staff operate and increase the knowledge that they hold, to boost these capabilities and ensure that measures are being taken to protect assets. Training…
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How to support wellbeing in the workplace within the banking sector through training
The banking sector is a rapidly changing industry and therefore sustaining employee wellbeing and operational environments can prove to be stressful and often equally as challenging to manage. With banks having to manage to usual managerial issues, which include workplace training, developing, multi-generational workforces, cultural changes in the workplace, evolving workplace demands and talent sourcing…
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Do banks need to offer further graduate training and incentives to attract new talent?
Recent shifts in graduate employment figures suggest that they are no longer as interested in pursuing careers in the banking sector, compared to previous alumni. Socially conscious graduates are less concerned with working in multinational banking firms, with a considerable decline in those who pursue a career primarily to obtain a large wage packet at…