1. Introduction

Introduction

Employee training and development 


Employee training and development is an important factor for most industries as it helps keep employee and organizational goals aligned. However, it also serves as an added layer of protection for the financial and banking services sector, which has suffered under heightened scrutiny since the collapse of many major players due to the economic recession. And, having documented proof of employee training is important for any regulated industry.

Significance

Employees within the financial sector--from tellers in small, regional banks to senior executives at large investment firms--must remain in compliance with specific federal regulations imposed on the industry. Frequent employee training ensures these employees remain qualified for their jobs and always in compliance, even as the regulations change frequently.


Types T & D

Most of the training programs delivered to employees within the financial sector revolve around topics like sales training, anti-money laundering, budget management and cash flow management. Managerial training topics may involve more supervisory skills training, including communication skills and conflict resolution, for example.

References

Darwinbox (no date) What is training and development?: Meaning & definition: HR glossary, What is Training and Development? | Meaning & Definition | HR Glossary. Available at: https://explore.darwinbox.com/hr-glossary/training-and-development (Accessed: April 21, 2023).

Sanjay and Hrhelpboard (2022) Training and development in HRM its meaning definition, needs & importance, hrhelpboard. Available at: https://www.hrhelpboard.com/training-development.htm (Accessed: April 20, 2023). 



Comments

  1. Asith PushpakumaraMay 1, 2023 at 8:19 AM

    As my view in this article, Employee training is not only important for keeping up with regulations but also for aligning employee and organizational goals. It is an investment that pays off in the long run, contributing to increased productivity, employee satisfaction, and better profitability for the company.

    ReplyDelete

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