On-the-job award is revolutionary

Lastmonth the first Investment Administration Management Awards were presented tostaff who had completed a year-long training programme designed to improvetheir knowledge, business acumen and ability to manage.  Work-basedand focusing on the development of confident team leaders and administrationmanagers, I believe that the nationally accredited award is revolutionary atleast within the investment funds sector – and thought Training readers may beinterested to find out more. Ibelieve that it is revolutionary from two important aspects: –Participants meet award requirements, through continual, on-the-job assessmentrather than one-off exams, and each candidate works under the direction andsupport of a personal “mentor”. They have to complete five modules comprisingcourse work and an assignment, set in conjunction with their line manager. Theyconclude with a project, based again on a real business issue, specific totheir organisation.    –The training represents an unprecedented investment in training foradministration staff oft neglected relative to fund managers and other “frontoffice” staff. Member firms of this association got together to identifythe  skills needs in their respectivefast-moving, hi-tech “back offices” that could not easily be met by piecemealin-house programmes. The evaluation now demonstrates that benefits are alreadybeing realised by award winners and their firms.  Feedbackfrom candidates includes the comment that choosing real subjects forassignments meant that information from workshops and manuals was “retained andput to good use rather than gathering dust in a file”.  Seniorline managers comment that staff have grown in confidence, encouraging otherteam members to work more effectively and identifying opportunities to increaserevenue.TheInvestment Administration Manage-ment Award is a joint-venture project betweenourselves, the investment funds trade association; Edexcel, the leadingawarding body; and MDA, a training provider with relevant expertise.  Successful participants are given a BtecProfessional Development Award.    VictoriaNyeDirector, training and educationAssociation of Unit Trusts and Investment Funds Related posts:No related photos. Previous Article Next Article On-the-job award is revolutionaryOn 1 Mar 2001 in Personnel Today Comments are closed.