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Advances in technology and learning styles require us to think differently about 21st century learning. It is necessary to embrace innovative options for training toward greater staff engagement & growth. Build your leadership confidence by embracing blended learning. http://bankerslab.com/blogposts/five-ways-to-squeeze-more-out-of-a-shrinking-training-budget/
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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!
@BankersLab
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BankersLab.com
LinkedIn.com/Company/BankersLab
facebook.com/BankersLab
youtube.com/user/BankersLab
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”