For business leaders in asset management, constructing a workplace training programme that improves learning retention and delivers a significant return on investment should be a top priority.
Fortunately, there are several modern solutions, such as virtual learning and experiential learning, which are designed to offer complete flexibility in the way that employees develop their skills in the workplace. Whether it presents a clear focus on anything from fixed income to derivative trading, these innovative methods are proven to be more effective for employees in the industry.
In adopting these solutions, business leaders will begin to see notable improvements from their employees.
Improving training through digital learning solutions
A traditional workplace training programme will focus on developing the skills of employees in one specific place, at one particular time. This, however, can be a waste of time and money, as individuals learn best in different ways and need the flexibility to learn in their own time and at their own pace in order to perform at optimum levels.
Here at MDA Training, our experiential learning programmes are designed to improve asset management training by allowing employees to engage with modern techniques, as well as reflecting on their own performance to develop long term. Drawing on several useful methods, including business simulations and virtual reality, we are able to engage and motivate your people.
When it comes to improving learning retention, digital methods can prove to be hugely effective when implemented correctly.
Virtual learning to enhance asset management training
Virtual learning gives employees an online platform to develop their skills in aspects related to their roles and the wider business. As well as allowing individuals to learn and develop at their own pace, virtual learning methods are easily accessible for all.
In particular, for employees who typically work away from an office environment, being able to access online materials whenever and wherever is hugely beneficial.
Say, for example, a graduate employee is developing their skills in client communication regarding derivatives in fund management. A traditional workplace training event will give the individual the relevant information; however, they will be expected to draw on this one event in the future for all scenarios. Virtual learning, on the other hand, will allow the young employee to return to the information whenever they require it, allowing them to refresh their memory and learn in a way that suits them, which can go a long way in achieving progression.
Experiential learning programmes for the asset management industry
As previously mentioned, we utilise experiential learning methods to engage employees and help them improve in the workplace long term. Experiential forms of learning encourage individuals to learn by doing, allowing them to attempt tasks and scenarios they will typically face in a real-world situation.
Experiential activities and workshops can be applied to any aspect of asset management training, including leadership development and financial performance. In personalising the training experience to match the specific goals of the business, employees are more likely to want to engage with their workplace training programmes, which ultimately will provide a significant return on investment for the company.
No matter what the focus of an asset management training programme is intended to be, embracing the technological age and adopting newer, more innovative forms of development is likely to reflect well on employees, which in turn can go a long way in reducing staff turnover and ensuring business continuity.