ways to squeeze more out of a shrinking training budget

5

1. Go Mobile.

Let’s assume that 80% of your employees have a smart phone. 

This is your talent development secret weapon.   

Firewall woes?   Your company firewall may prevent PCs from accessing the rich content available in the industry that fosters ongoing learning.  

Mobile to the rescue!

Has become increasingly more relevant to corporate training.

of mobile employees use smartphones every day for their business tasks and typically use them personally as well.

of Businesses add more mobile apps to employee devices in 2014.

The top business impacts include increased worker productivity, faster overall sales process, and reduced paperwork.

Growing Market

Connecting

Employees

2010

2014

Mobile learning

95%

71%

Provides personalized ‘bite sized’ materials that suit modern lifestyles and learning

patterns.

99% of mobile learners believed the format and presentation enhanced their learning

75% of mobile learners praised the convenience and time management benefits

• Users studying on mobile devices are 3 times more likely to track their progress

• Mobile learners study 40 minutes more each week by studying everywhere they go

Mobile learning

For example, BankersLab Banc-it® apps…

…allow busy executives to test their knowledge or prep for our courses, referring back to key content when required.

By having the materials at their fingertips, learners can focus on developing critical skills in the classroom – and keep them sharp when back at their desk.

2. Social Networking.

Social networks don’t have to be a no-no in the office. You can use a closed LinkedIn, Facebook or other social

networking platforms to foster knowledge exchange and discussions.

Mobile Learning & social networking also integrate well together.

3. Crowdsource knowledge.

Staff cuts?  Your training team may not have the bandwidth to find and share articles and resources through these channels.   

Crowdsource it!   Once you get a few senior people onboard sharing compelling articles and their favorite information sources, others will follow.

4. Gamify it!

Don’t like playing games in the office?

The gamified classroom isn’t about trivializing content, it’s about taking the essential ingredients of a game and applying them to real-world, non-game situations.

Game Based Learning - 3 great reasons to use games for learning

Gamify It

1 Players work harder voluntarily with

game-based learning

2 The work tends to be more relevant and

easier to recall in ‘real life’

3 Timely and appropriate feedback is

worked into the game design

By introducing game mechanics such as rules, challenges and rewards for achievements, we can not only increase the fun factor, but most importantly learners are motivated by their desire to win.

Gamification is used by organizations to motivate Employees and create positive

competition among teams.

Gamify It

When you are evaluating how to spend the budget you fought so hard for, focus on sticky learning.  By adopting a blended learning approach you can use tools such as numerical simulation to optimize the effectiveness of any program.

5. Embrace ‘sticky’ learning

Immerse the learner in a virtual world, allowing them to put theoretical

knowledge to the test within a safe environment.

Numerical Simulations

During our courses, teams have to demonstrate expertise in specific areas such as managing retail portfolios, optimizing delinquent collections or using credit scores – with the aim of operating the most profitable virtual bank.

By playing a Lab simulation game, learners can gain decades of additional ‘experience’ in a virtual setting.

For example, BankersLab Simulation-based Training for the Retail Banking Industry

Which of these 5 ways will you be embracing to advance the training for your organization?

Share your thoughts with us!

info@bankerslab.com

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Connect with us to learn more about innovative training solutions for retail lending & credit risk

professionals.

BankersLab®

“The link between your learning objectives & your business objectives”