7. Current trends in training and development

The finance & banking industry has been on the path of HR transformation since the COVID-19 pandemic. In this article, we look at the HR trends that the finance & banking industry in the future years. 

The scope and importance of the HR function in the finance & banking sector have experienced an incredible ramp-up over the last two few years. HR leaders have led the charge to keep things up and running. HR has been a critical driver of operational and strategic success, from enabling remote working at an unprecedented scale to focusing on human capital needs like reskilling the workforce. It is evident that the disruption caused by the pandemic has transformed how people practices will be configured in the finance & banking industry for a long time to come. Having said that, let's look at HR trends in the finance & banking industry.

https://blog.darwinbox.com/hr-trends-in-banking-for-2023

https://www.ibm.com/topics/training-development

Remote mobile training


Today’s corporations have discovered that it’s no longer just about what employees need to know, but also when, where and how the development experience enables performance. With the advancements in mobile technology, companies are relying more on mobile workforces. Training is migrating to mobile devices where apps provide “just-in-time” information and recommendations to workers across industries.

AI training
AI systems can process unstructured information in a similar way to humans. These systems understand language patterns and sensory inputs including text, pictures and auditory cues. AI-based software can customize how training content is delivered to a learner, based on their learning style, suggest content based on a learner’s past performance and predict what information is most important for them to learn next.


Agile learning
Agile learning is a process that encourages employees to learn by doing and iterate often, inspiring organizational change and buy-in. For example, IBM has introduced IBM Garage, a tool for executing, scaling and managing an organization’s multiple transformation initiatives. Companies like Ford Motor Company and Travelport are using IBM Garages around the world to create cultures of open collaboration and continuous learning.


Remote flexible learning models


While distance learning has been around for a long time, the COVID-19 pandemic has underscored the need for companies to have resilient, flexible, mobile workforce management. Organizations have learned that remote workforces need to be productive, engaged, and continually working towards learning and improvement.Ex-Learning Management Systems.

References

Srivastava, S. (2023) 23 HR trends in banking for 2023, 23 HR Trends in Banking for 2023. Darwinbox. Available at: https://blog.darwinbox.com/hr-trends-in-banking-for-2023 (Accessed: April 20, 2023).

What is training and development? (no date) IBM. Available at: https://www.ibm.com/topics/training-development (Accessed: April 21, 2023).



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