Learning Management Systems and Opportunities (BFS Industry)€¦ · Bank Teller Store Manager ... KPI driven, and cost-effective approach for enterprises to train disrupted workforce
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Loan Analyst Inventory Planner Methods Engineer Back End Developer QA Test Automation Engineer .NET Developer
Financial Advisor Systems Analyst (IT) Forklift Operator .NET Developer (IT) Programmer Analyst IT Support Engineer
Claims Specialist IT Administrator (IT) Process Analyst Power Electronics Engineer GIS AnalystMarketing Campaign
Specialist
HighLow
Draup has identified 150+ job roles across various industries that are at high risk of disruption
Source: Above roles have been identified from Draup Talent Intelligence platform
Methodology: Draup has identified Digitally Replaceable Quotient on the basis of job demand and automation in the industry using which the intensity of disruption is mapped
Note: List of industries and job roles is not exhaustive
Benefits of LMS adoption: LMS is being observed as a highly efficient, flexible, KPI driven, and cost-effective approach
for enterprises to train disrupted workforce at scale
SAVINGS FLEXIBILITY
• Implementation of LMS
leads to reduction in
training costs
• Less in-class training time
as compared to face-to-
face instructor-led
training reduces the
productivity loss
According to research by IBM,
for every dollar invested in e-
learning, the return is $30 on
productivity
• Learning management
systems provide HR with
automatically generated
employee training reports
• HR can track who has
completed which training
through progress reports
• Performance can be mapped
with training reports to
generate insights on skill
development
A study by Journal of Applied
Psychology states that
microlearning makes learning
17% more effective
• LMS ensures consistent and
customized training for
different groups in the
organization
• Automated registration,
deployment & tracking
ensures more accuracy &
efficiency
• E-learning platforms enable
employees to take training
sessions anywhere and
anytime
• Mobile training applications
provide notifications to the
employees so that they do
not miss any required/
mandatory training sessions
EFFICIENCYINSIGHTS
Source: Above analysis is based on Draup’s internal research, customer engagement reports, Primary interviews with Draup’s customers, and industry blogs and whitepapers
Quality Assurance Training Delivery & Management Micro-learning Assessment & Evaluation
Performance & Feedback Analytics Integration Platform as a Service
Source: The analysis is based on Draup’s internal research, customer engagement reports, and industry blogs and whitepapersDraup has tracked multiple companies in the learning management system ecosystem
Job role identification: Draup mapped the use-cases with relevant BFS value chain workloads to identify the several job roles across BFS value chain that are getting disrupted
Value Chain
Disrupted Job
roles
BFS Digital Use-cases and respective Job Role Taxonomy that are undergoing disruption
Role Mapping: Draup has identified various high-demand job roles in which BFS industry can reskill/upskill their Credit Research Analyst role using Reskilling Propensity Index
Starting Job Role RPI2
Sample Parameters1 to analyse different skill gaps and career transition trends
High-demand Job Roles in
which starting role can
transition toTechnical
Proficiency
Functional
Proficiency
Specific Soft Skills
Overlap
Observed Career
Transitions
Compensation
gap
Credit Risk Analyst
7.5 Financial Analyst
6.2 Risk Data Scientist
6 Business Analyst
5.3 Treasury Analyst
Score in Individual Parameter High Medium Low>6.5 - Upskilling >5 - ReskillingRPI Range
Note: Several other Reskilling parameters are considered in detailed analysis
Note: RPI or Reskilling Propensity Index is the Draup’s Proprietary scoring index methodology for Reskilling which is based on detailed analysis of relevant parameters
Sample Reskilling Propensity Index (RPI) of Credit Risk analyst who can transform into New Age job roles
Reskilling Propensity Index measures the feasibility of career transition from one role to another role. The index is built by analysing some
key attributes that include: Technical skills, Functional Skills, Soft skills, Historic Career transitions and Compensation.
Skill Gap Analysis and Course Identification: Comparing the skills held by organization’s current workforce with the digitally advanced roles to identify the skills and relevant courses required for transitioning
Source: The analysis is based on Draup’s talent module, internal research, customer engagement reports, and industry blogs and whitepapers
Skill Gap and Course Identification Workflow
Certification undertaken:
Professional Certificate in
Python Data Science(by IBM & edX)
Course undertaken:
Financing Investments and
Managing Risk(by Coursera)
Existing Skills
• Credit Analysis
• Advanced Excel, Reporting and
basics of SQL
• Data Exploration
• Data Visualization
• Finance Subject Matter Expertise
Required Skills
• Data Exploration
• Data Visualization
• Finance Subject Matter Expertise
• Programming Language: Python
• Risk management
• Statistical/Mathematical
modelling
• Database handling: SQL, MongoDB
Risk Data ScientistTraining duration: 6 – 12 months (self-paced learning)
Draup for LMS: Draup, with its machine learning capabilities, can optimize your Learning Management System deployment by personalizing the Employee learning experience at individual level
1
Relevant Candidate
Identification & Prioritization
(Draup can analyze the list of roles across
organization that require training to
transition into a new role)
✓ Identification and prioritization of job roles with
high risk of disruption in the organization and
require reskilling
✓ Identification of digital native roles which need
to be upskilled to meet the organization’s new age skills demand and match the skill-sets of
peer companies’ talent
2
Skills Gap Identification
Draup can map the skills requirement for
existing job role and desired job role to
distinctively identify skills gap
✓ Identification of core skill requirement for
domain expertise to progress into next role
✓ Identification of additional soft skills
requirement such as communication and
presentation
✓ Identification of education gap/further degree
requirement
3
Relevant Courses Identification
Based on skills gap analysis, Draup can
provide targeted learning
model/Curriculum to train the
candidates
✓ Identification of relevant courses available in
public domain providing required skillsets
based on skills gap analysis
✓ Identification of successive learning modules
(for next transition) by predicting short term
and long term career trajectory of candidate
Draup can feed LMS with list of candidates who needs to be trained by accurately identifying suitable learning modules and career path based on skills gap analysis
Draup for LMS (1/2)-Relevant Role Identification: Draup performs an in-depth analysis of employee’s profile to map their workload experience, core skills, and neighborhood skills to identify roles which need to be upskilled/reskilled
INTERNAL CANDIDATE
Candidate DetailsBrief overview of the candidate’s role, business unit,
sub-vertical, etc.
Workload ExperienceThe platform interprets the roles and responsibilities of
the employee in their current role based on data from
public employee’s public profiles, resumes as well as the company’s internal resources
Core SkillsWhile analysing a candidate, the platform provides the
list of technical skillset acquired by the employee that is
relevant to his/her current job role.
Neighbouring SkillsThe platform also categorizes the list of technical
skillset acquired by the employee that are not directly
relevant to his/her current job role but can be
leveraged for transitioning to other high demand job
roles. The skills are also categorized on the basis of level
Draup for LMS (2/2)- Skill Gap Analysis and course identification: Draup leverages its data intelligence to provide a customizable career path explorer with required skills and relevant courses based on the starting and target job roles
Draup for Reskilling: Draup analyzes 4 Million+ career paths and track 100K+ courses for associated skills to assist organizations in their Reskilling initiatives