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The Banking Sector 2005 / 2006 Skills Audit – The Process, Results and Possible Debate.

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Presentation on theme: "The Banking Sector 2005 / 2006 Skills Audit – The Process, Results and Possible Debate."— Presentation transcript:

1 The Banking Sector 2005 / 2006 Skills Audit – The Process, Results and Possible Debate

2 Presentation outline: Introduction Objectives Presentation PTC Group Graham Turner  PTC Group  HRD Background  Interbank Anti Money Laundering Project  Investors in People  People Management  Skills Audit

3 Presentation outline: Introduction Objectives Presentation 2005 / 2006 Skills Audit  The objectives of the audit and participants  The inputs and process utilised  The results obtained and conclusions  What lies ahead in skills development

4 Presentation outline: Introduction Objectives Presentation Skills Audit The Audit Objectives and Participants  The audit objectives: Validate the 2002 Andersen Wholesale and Retail Banking Research Project. Conduct research into skills availability and distribution in the banking sector, and to clarify what skills need to be developed in order to build competitive skills across the sector.  Participants: BANKSETA, Absa, FirstRand, CitiGroup, SA Reserve Bank, Nedbank

5 Presentation outline: Introduction objectives Presentation Skills Audit The Inputs and Process  The Inputs Job Profiles – per job title; per job family Competency Menu  The Process Self-administered questionnaire Electronic distribution  Number of respondents: 79 613 Es invited – 29% responded

6 Presentation outline: Introduction Objectives Presentation Skills Audit The Results and Conclusions  The findings of the Andersen Project were found to be valid in respect of the process used and the skills sets identified.  The respondent population surveyed is statistically acceptable at the level of validation of the competencies surveyed.  Within the job families surveyed, the respondent sample sizes are too small to report on with confidence.

7 Presentation outline: introduction Objectives Presentation Skills Audit The Results and Conclusions  Development solutions for most competencies assessed are available within or through the participating banks.  The survey process adopted is able to provide a picture of skills development requirements across the sector.  The competency menu is potentially a valuable tool for creating a common language of competencies required in banking.

8 Presentation outline: introduction Objectives Presentation Skills Audit The Results and Conclusions  Job profiles and their importance in respect of effective HR management should receive serious review.  Hints as to where skills shortages may be prevalent are present in the results.  Effectiveness of marketing of training and development opportunities within banks should be investigated.

9 Presentation outline: introduction Objectives Presentation Skills Audit The Results and Conclusions  Evaluation of training and development will increase confidence in the extent to which these T & D offerings are increasing requisite competence in the sector.  Larger sample sizes in future surveys will present clear pictures on the availability of competence and distribution.

10 Presentation outline: introduction Objectives Presentation Skills Audit What lies ahead in skills development  More of the same? Sector Employer of Choice Transformation Good people management practice Millions spent annually on training Good business management practice

11 Presentation outline: introduction Objectives Presentation Skills Audit What lies ahead in skills development  Strategic HRD vs HRD Strategies  What is SHRD? “…it entails the search for, and intention to implement a coherent set of subsidiary strategies in accordance with a set of guiding principles that will contribute to an overall organisational ‘grand design’ or sense of direction.” Walton J

12 Presentation outline: introduction Objectives Presentation Skills Audit What lies ahead in skills development  HR Development Strategies through to Strategic HR Development Coherent T & D strategy Coherent training strategy SHRD Piecemeal Approach to HRD

13 Presentation outline: introduction Objectives Presentation Skills Audit What lies ahead in skills development  SHRD - What’s Involved? It’s about ensuring that the organisation’s HRD process is producing individuals and teams who are equipped with the skills, knowledge and attitude required for effective achievement of the organisation’s business goals.

14 Presentation outline: introduction Objectives Presentation Skills Audit What lies ahead in skills development  SHRD - What’s required? Presence of an overall organisation vision emphasising learning. Making the HRD function more strategic. Mapping perceptions of HRD and its contribution to strategy.

15 Presentation outline: introduction Objectives Presentation Skills Audit What lies ahead in skills development  SHRD - What’s required? Executives must treat learning as a deliberate business process. It’s about systematic and conscious attention to the learning process. It requires attention as to what barriers exist in the organisation impacting on learning.

16 Presentation outline: introduction Objectives Presentation Skills Audit What lies ahead in skills development  SHRD - What’s required? Responsibility for HRD at all levels must be clarified. Policies and practices which collectively serve to ensure that learning is embedded in the fabric of the organisation to the benefit of all stakeholders.

17 Presentation outline: introduction Objectives Presentation Skills Audit What lies ahead in skills development  SHRD - What’s required? Effective stewardship – it needs to be driven by accomplished high-status career professionals. it is about a partnership between HRD professionals and line managers at every level in the organisation. it is about HRD professionals emerging from more traditional training and development roles to one of contributing to the alignment of HRD practices to the organisation’s strategic intent.

18 Presentation outline: introduction Objectives Presentation Skills Audit What lies ahead in skills development  Why Strategic HRD? It’s about competitive advantage!


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