Banking and Finance

E-learning

Recruiting a pipeline of new workers

Industry leaders are trying to solve the challenge of accessing and recruiting a pipeline of new workers, especially youth, recent college graduates, veterans, individuals with disabilities, and mature workers. The workforce environment has continued to change at a fast pace, and both the industry’s image and employee skill sets need to change to match the new job requirements.

Industry does not have a standard competency model

The Banking and Finance industry does not have a standard competency model, but industry leaders outlined their skill needs to include basic math and reading skills, core financial knowledge, soft skills, customer service and communication skills, and regulatory or compliance knowledge on the part of their potential employees.

Professional development opportunities and continuous learning

Provide internal and external professional development opportunities targeted at continuous learning. Begin with identification of topics and skills that would likely contribute to increased retention. In other words, what would employees be looking forward to, and what would help them anchor themselves within the industry?

Worker Retention
Industry stakeholders report that there is intense competition among companies within the industry and it is difficult to keep the most highly skilled employees. There is a high employee turnover rate in the industry and institutions have had little success in keeping older workers in the workforce longer.

E-learning and e-Training
In general, the Banking and Finance industry perceives a lack of training programs; E-learning can be an effective training strategy to up-skill incumbent workers and save time, In addition to the absence of an industry-wide competency model to serve as the foundation of any industry training, the industry also lacks consistent training models. Desirable skills in the industry include core financial and math skills, soft skills such as multitasking, customer service, entrepreneurial skills, and multilingual skills, work ethic, flexibility for changing environment and products, leadership competencies, regulatory/compliance knowledge. Proposed e-learning solution by GNSE targets making e-training for the employees to make career awareness and developing employee skills by designing attractive materials and tools. GNSE e-Training solution focused on defining career paths and developing materials and strategies to promote awareness of career opportunities.

Application Development

Business Information Management
As a business owner, managing your business information in a cohesive and structured manner is probably the most challenging problem ever.

Deciding which software technology to use to run your company’s business or your internal operations can be a difficult decision to make, given the huge number of options you may have and the varying pros and cons of each option.