Training Vision and Strategy The Mission Statement for Training & Development vertical is as follow. “To transform the Bank’s human capital Into Competent, smart, techno-savvy, professional bankers For gaining a cutting edge Through training and research Aligned with business strategies” Bank of Baroda has probably first Bank in PSBs to adopt its training statement fully aligned to Mission statement of the Bank. Training being one of the top priorities a board level apex committee i.e. governing body at the apex level, review the performance, approve the training calendar and steer its courses. Down the line, there are different Tiers involved with training implementation. The scope of the Governing Board (GB) is to decide, implement, monitor and make changes in the Bank’s training strategy and overall functioning of the Training system. It is headed by Managing Director & CEO and its other members are the Executive Directors, heads of all corporate functions like HRM, Large Corporate Branch and Mid Corporate, Credit, Retail, MSME program, Recovery, Rural & Agriculture, International, Operations, Planning, Information Technology, etc. The GB meets at regular intervals to review the performance of the Training system and to direct the future course of action. 1|Page Looking to the importance of Training & Development in the context of Large recruitment and mass retirement Need for better grooming and development of work force in tune with the changing times The need for creating a learning organization for significantly improving the Bank’s performance, Important role of training and development in the organization A new vertical like other business vertical has been created in the Bank titled “Research, Training and Development” headed by “Chief Learning Officer (CLO)” created at the rank of General Manager. The entire Training & Development initiatives of the Bank are positioned under the framework of “Baroda Academy”, an umbrella term signifying all initiatives / activities encompassing both internal and external training. As part of HR structure duly approved by Bank’s Board, ‘Baroda Academy’ is one of the verticals. The entire Baroda Academy vertical related roles are kept under the CLO. Scope also includes e-learning related initiatives, customer education, etc. Baroda Academy Structure is as under: Chief Learning Officer Training Research AGM Baroda Net Academy Principal & DGM Baroda Apex Academy AGM /CM Baroda Manipal School of Banking and External Training 2 Officers Development Vice-Principal & AGM Baroda Apex Academy Chief Manager E-Learning 13 Zonal Academies and one BOBIIT 2 IT Officers ( Baroda Academy structure) 2|Page Training system in the Bank christened under the umbrella term of “Baroda Academy” envisages various initiatives which are presented below which forms a core part of the Bank’s training strategy. Bank has adopted comprehensive Training policy which covers The objectives of training Need to align of training with operations and also the modalities for its operationalisation Outlining the training set-up / structure and reporting relationship of various outfits Enlarging the role of training through research and consultancy function Setting out the methods for induction of trainers and their grooming Spelling out the norms for outsourcing of training resources Arranging and regulating the training of staff Coordination and monitoring of training activities Methods of assessing training needs Identifying thrust areas of training and articulating suitable programmes. Converting training system into a profit centre Evaluating the efficacy of training Envisaging the use of I.T. in training The objective behind the new initiatives under Baroda Academy is to create a learning environment, help in better grooming and development of bank employees, with the long term view of significantly improving organization performance. The tagline of Baroda Academy is "Inventing methods for igniting minds". Baroda Academy Logo was officially launched on October 19th, 2012, at the Baroda Apex Academy, Ahmedabad. The logo and tagline for the Baroda Academy as shown above signifies the overall objective of igniting the minds of Barodians and enabling them to blossom and be a 'Knowledge Torch' for the world around. Baroda Academy has recently celebrated Golden Jubilee year with proud existence of 50 years in training and development. Significance of the Training in the organization was visualized by its great visionary leaders even before 50 years when the first batch of officers was deputed to UK for training and then started its training establishment named as “Staff College” in 1964, which is now renamed as “Baroda Apex Academy” from the current year. 3|Page Figure 1.1 (Fish Bone Diagram of history of training vertical in Bank of Baroda) Enriched with the past experience of its journey of 50 years Baroda Academy is on its way to create new milestones each year. The next journey is envisaged in the form of “Vision 2020” which was also concurred by the Bank’s the then Chairman and Managing Director Mr. S. S. Mundra (presently Deputy Governor of RBI) Considering the importance and contribution by training system to the organization, 4 new academies have been proposed to start in 4 corners i.e. South, North, East and West of the country. 4|Page . Training Infrastructure The pillars of the Training establishment in the bank is as under Baroda Academy External Agencies At India & Overseas Baroda Net Academy At Mumbai Baroda Apex Academy Ahmedabad & 13 Academies BOBIIT At Gandhinagar Baroda Manipal School of Banking At Banglore (Training pillars) All Training establishments of the Bank are well equipped with modern infrastructure for effective training delivery, which includes Computers lab, Internet, Multimedia Projector, Projection TVs and also a well equipped auditorium and Video-conferencing facilities at Academies. Besides this, Baroda Apex Academy is equipped with Gym, Yoga, Library, hostel, Canteen etc. The training establishments, besides having ergonomically designed classrooms, are well maintained with comprehensive libraries equipped with adequate number of books /periodicals covering various facets of Banking, Finance, Economics, Management, Information Technology, Leadership, soft skills. 5|Page In addition to harnessing the potential of the physical infrastructure of the Baroda Academies, with a view to leverage technology, Bank has adopted knowledge Management portal, which enables offering training inputs and knowledge on-line to make them available at the door step of employees. Oracle based Learning Management Module which includes training administration & elearning; modules are gradually being put on the system for employees to avail of and undergo these courses. Bank captures all training related data of its employees centrally Bank of Baroda has a very wide range state of art infrastructure covering Baroda Apex Academy, Ahmedabad, exclusive IT Institute named as “BOBIIT, Gandhinagar and -13Academies.” Bank has training collaboration with Manipal School of Banking in the name Baroda Manipal School of Banking (BMBS) which works on “Train, Hire and deploy” philosophy. The school has been set up to first train prospective candidates in Banking and Finance before their embarking on a Banking career with Bank of Baroda. The students are selected through a rigorous selection process and given a systematic training in various areas of Banking and management disciplines in order to make them ready Bankers by the time they finish the program. The selection process includes CWE to be conducted through IBPS & then interview of qualified candidates by executive penal The thrust of the training is to impart functional knowledge on general management and specialized knowledge on Banking related topics and subjects. Participants are put through a rigorous on-campus curriculum spread over 9 months and trimesters which emphasizes on application of knowledge and overall development of personality. Training at the school is being supplemented with practical training in various Branches of Bank of Baroda through a focused 3 - month internship period. The Bank’s Training System conducts Faculty Development Programs for the newly selected faculty members once they are inducted in the training system. Thereafter, on every half yearly basis, regular Faculty Development programs / conclaves are conducted at the Apex Academy for facilitating updation of the teaching material, enhancing the content delivery and skill sets of the faculty members. Faculty members are also given opportunity for external training program to business schools viz. NIBM, IBS, ISTD etc and also overseas training to groom the faculty in all sphere of Banking Management. 6|Page Inventing Methods for Igniting Minds: New methods have been adopted to impart knowledge and skill in newly recruited staff and to reach 49000+staff. National level quiz is scheduled twice in a year to include ground level staff for increase in product and process knowledge. Gamification and new case studies have been under a constant building situations Standardized Hand book, work book across the Academies Learning capsules, handouts in Hindi, success stories, compilation of various articles published in financial magazines, book in Hindi on life management Launching of new e-learning courses and Mobile snippet. (Publication of Baroda Academy ) Training categorisation: Training across the bank is broadly grouped in 4 categories and annual plan prepared keeping the set goal on top priority for the year. These categories are. 1. Business priority as per Bank’s policy for the year 2. Core Banking issues 3. Role Oriented programs 4. Statutory program Bottom up Training Need Analysis Research orientation- Branch Manager, agriculture approach paper, Forex approach paper, CGTMSE etc. Use of multiple channels like class room, Virtual Class Room, Global Class Room, eLearning and informal learning. 7|Page Use of workplace specific activities for knowledge explosion 70:20:10 model of training : 70 % time is used for imparting practical, experiential training, 20% mentoring and 10% is the classroom lecture Considering challenges, of assimilating huge new recruitment, Baroda Academy has aligned its strategy in such way that smooth boarding of new employees is possible along with banks business interest. An elaborate On Boarding program for officers, clerks & support staff designed and executed across the Bank with uniformity cross the Baroda Academy. Considering mass retirement and recruitment there have been great challenges before bank to maintain & manage the talent. While imparting training to the new recruits have been ensured with on boarding programs, existing talent have also been identified and groomed with comprehensive program in credit, Forex and Branch Manager. A pool of talent has been created and arranged external training & mentoring for them 1. The focus areas of Training Baroda Academy focuses on following areas specifically, along with other contemporary issues Leadership Development at Branch, Region, Zonal and Corporate Level Grooming in Key Banking areas such as Credit, Forex and branch manager Upgrading IT Skill Business vertical viz. Retail Banking, SME and agriculture Product specific knowledge based program On-Boarding program Social literacy and financial inclusion Customer education Product, Process and Promotion related program 8|Page Credit Monitoring and NPA Management Operating alternate delivery Channels Skill Building in art of Selling and Customer Service Excellence Government Business Risk Management KYC and AML Guidelines Apart from these the focus of the training vertical is to develop new methodologies and channels to impart training in more convenient, cost effective, customized way like e-learning, mobile snippet, case studies etc. Indeed there has been more emphasis to divert functional base training on alternate channels, skill based training on the work floor and attitude based learning have been tried to impart in classroom. Policy and System for assessing Training Needs Bottom up need assessment approach in training plan is adopted in the bank thus each Academy conduct an annual exercise of training need analysis. For this, TNA workshops are arranged and cross section of people from diverse geographical location and various Administrative Offices discuss Training Needs. The summary of such discussion is placed in Special Zonal Committee on Training Consisting of Zonal Head, Regional Heads, HR Functionaries and Trainers who then evaluate the suggestions and finalize the Training programs for their respective Zones. Based on the inputs received from the Regional Academies and also from the Functional heads, the Apex Academy, Ahmedabad compiles the annual training calendar for the entire Bank and the same is then put up to the Governing Board for approval. Baroda Academy Prepares Annual Training Plan after taking directions from Governing Board which is highest forum for Training and Development and also taking inputs from all Functional Heads, Zonal Heads and Regional Heads. The Governing Board on Training meets periodically and provides direction for Training strategy for the future. For the purpose of charting out an annual training calendar, in the beginning of the year training needs analysis exercise is carried out across the Bank in partnership with the functional / business leaders. The approved plan is then converted to annual schedules at Baroda Apex Academy and all the Academies. The same is thereafter uploaded in the Bank’s HRMS system which is accessible to all of its employees who can also nominate themselves for the training 9|Page programme as required by them. The Flow process of the TNA & training program is depicted below ( training plan) In addition to the above annual exercise, every quarter, the Baroda Academy Faculty discusses with Zonal management to identify the new need emerged and accordingly designs, training Inputs, and modifies program. The courses are designed / modified and vetted by the domain team. The academy has constituted 12 different domains across the academies namely Agri & financial inclusion, EBusiness, CBS/IT, credit monitoring/NPA, Credit SME, Forex/NRI, operational Banking, Branch manager, Retail Liability, Retail Assets, Risk Management, and on-boarding during the trainers’ conclave. This is documented in form of course directory which is reviewed on annual basis. Suitable arrangements are made for imparting induction/foundation training to all categories of staff immediately on their joining the organization and on their elevation to higher cadre. In addition to above, whenever new products and services are introduced, or a need is felt to lay emphasis on particular aspects of operations / new methods and procedures, etc. suitable Seminars/awareness, Workshops/Conferences are designed and organized, countrywide. 10 | P a g e The Specialized programs are in the nature of Grooming of officers in the area of Credit, Foreign Business, Information Technology, and also for the officers taking up the role of Branch Head, Dy. Regional Head. Training Evaluation Policy and systems Training quality Audit: for imparting quality training and performance assessment of the academies, regular training audit is conducted. A continuous and constant monitoring of training and development activity is in place in the bank. Training Audit is being conducted regularly on the basis of capacity utilization, course of designing, research work etc. Our Bank would probably the first bank to put in place te training audit for quality audit. (A format of the audit is enclosed) Performance Metrics: to encourage healthy competition among the academies and to maintain and sustain the quality, monthly performance metrics is in place. Besides Best Academy Award on actual basis. Academies are analyzed every month based on their performance in terms of number of programs & participants, research work, articles etc. this gives an edge to the training system to work innovatively constantly Instant & Post training feedback: Apart from the above measures for evaluating the training effectiveness, feedback from the participants about the programs contents, methodology, structuring and faculty are also another way of evaluating the programs. On-site and off-site feedback is an important input used for programme evaluation. Programme design, contents and delivery is evaluated by respective functional in-charges on a regular basis and is one of the key inputs for the overall programme evaluation. On-site feedback from participants is taken at the end of the training programs, which gives an idea of the immediate impact – relevance, utility, training inputs, quality of study material, etc. It also indicates how the participants can use the inputs at their work places Feedback of the programs and its input imparted is evaluated in scores of 1 to 5. Scores below 4 are immediately reviewed by competent authorities in the Bank for corrective measures which ensure quality delivery of training inputs. Besides program feedback the academy has practice to capture feedback of individual faculty members to maintain high quality standard in training. We also ensure to analyze the post training impact by taking online feedback, review from the participants, and functional head at branch, region and zonal level. Entry and Exit Test: Each and every program starts with entry level test so that it can be compared with level at the time of exit. At the end of the program exit level test provides the effectiveness of 11 | P a g e the program. Apart from this the training programs of 6 days or more duration, Interim Tests is also taken in addition to the Exit Tests. Training credit Bank of Baroda privileged to be pioneer to introduce the new concept of training credit for enhancing effectiveness. Each employee in bank needs to score minimum stipulated credit in their ac on annual basis, through various learning channels. Classroom training is also one of the channels to score credit. The candidates are awarded training Credits for attending the training programme. The training credits are an effective way to track the learning history of each individual and ensure that each employee of the Bank is getting adequate training as prescribed by the Bank. These credits are captured by the Bank’s OLM system. Credits are awarded subject to passing of the end of training test which again is a measure of understanding the effectiveness of training. 12 | P a g e Methodologies / multiple Learning Channels for Training & Development Bank adopts a host of innovative training methodologies customized to the type of the trainees to ensure that learning objectives are achieved. The details of the same are as under: Experiential learning: The Bank appreciates the fact that an effective means of adult learning is through experiential learning. Therefore it is given predominance by adopting case methods, role-plays, etc. Real life cases from operational units are developed with facts and data and are used in most training sessions. This supplements and complements the regular structured classroom sessions. The stress on Experiential Learning is carried out through Simulation / Games / Role plays / Case studies, and most importantly actual placement on the job and on-the-job training. Learning through sharing: Interactive Sessions are pre-dominantly organized wherein outdoor experience learning / sharing of experiences by Executives / Group presentations / on Mystery Shopping / Comparison shopping is done or case studies, etc. are discussed. Experiential sharing among participants is encouraged and successful Branch heads / officers are also invited to share success stories / experiences. Learning by seeing: Participants are also taken on field visits for interface with Industry. Interaction with industrial units, hi-tech Agri-farms, Self Help Groups (SHG) having micro finance linkages helps the participants understand the ground realities, which in turn facilitate learning. Learning through doing: On-the-Job Training is a vital component of the overall Training in most high-end programs. Hands on various skill development programs like credit appraisal, lending automation package, credit rating, lead generation etc. Frequently Asked Questions (FAQs) in various important areas and product compendiums are prepared and updated and are used as training tools in various training programs, to solve queries at the operational level. The bank also utilizes the services of some of the experts from reputed external organizations, as guest faculty, in order to provide strength to our Bank’s training system, wherever the need is felt. Quizzes based on “kaun Banega crorepati” concept a periodical event in the name of Baroda Gyani is arranged regularly. This provides tremendous amount of opportunity to impart product and process related knowledge among large group of employees. It is organized at region, zone and national level. This year more than 10000 employees have participated across the bank. A special program under “Baroda Gyani” for women employees have been arranged this year. 13 | P a g e (photoes of Baroda Gyani Competition) Commit Card – ensuring post-Training Impact: Innovative way to continue impact of learning post Training is through Commitment Cards. Participants are given a pocket size “ICommit Card” at the start of the programme, in which they voluntarily write about their commitment for those actions which they decide to execute post Training. Their business related commitment is shared with their respective regional authorities for ultimate conversation of business. Thus, a variety of training methodology is deployed for ensuring effective dissemination of knowledge down the line, at all levels. 14 | P a g e Multiple Learning Channels: Class room training Knowledge Management Portal Baroda Net Academy Mobile Snippet Mentoring Baroda Manipal School of Banking Publications Knowledge Clubs Innovations of Baroda Academy In-House publications Mechanism for sustainability Periodicity is ensured Training Audit and Metrics Campaign initiatives External agency Arrangements Target and budget is allotted to each Academy Project ASCEND & UTKARSH Focus on Employees Health Customer Education Knowledge Forum Training Audit 8 15 | P a g e New Initiatives (14-15) Baroda Net Academy Mobile Snippets Baroda Apex Academy Self Nomination Annual Training Calender Mobile snippet Bank has launched an application “Mobile Snippets” for android phone users The application is available on “Google Play Store” also. By clicking on the link the application can be downloaded and installed on your mobile There are nine Sections in the application: 1. News – Collection of some important banking related news appearing in various newspapers shall be made available on daily basis. 2. Events – Photographs along with the description in respect of important events that took place recently in branches, region, zone and central offices shall be made available as and when felt appropriate. 3. Announcements – Announcements in respect of future events. 4. BoB Circulars – Gist of important circulars issued by our bank on fortnightly/monthly basis. 5. RBI Circulars - Gist of important circulars issued by Reserve Bank of India on fortnightly/monthly basis. 6. Messages – Video messages from higher authorities/video of any event as and when felt appropriate. 7. Publications – Various publications from Staff College, Vigilance. Marketing etc. 8. e-Library – PowerPoint presentations and quiz on any important recent topic for creating awareness. 9. a. Feedback – Users may provide feedback. b. Image upload – Users may upload any image at their end 16 | P a g e Awards Accolades: IBA Awards for implementation of Technology in Training Golden Peacock National Training Awards-2014 Innovative Training Practices by Indian Society for Training & Development-2014 BML Munjal Awards -2015 Awards & Accolades 17 | P a g e Baroda Apex Academy, Opp. Law Garden, Ellis bridge, Ahmedabad-380 006(India) Phone: 079-26466745, 4573 Fax: 079-26460208 E-mail: baa.ahmedabad@bankofbaroda.com वेब/web : www.bankofbaroda.com 18 | P a g e