atans1

PR BS from DBS

In Banks, Humour on 23/08/2017 at 6:40 am

Training? What training? Support? What support?

DBS Bank will be investing more than S$20 million over the next five years in a programme that will train its 10,000 employees in Singapore in digital banking skills and technologies.

The move is in support of Singapore’s vision to be a Smart Nation which Prime Minister Lee Hsien Loong highlighted during his National Day Rally speech, it said in a press release on Monday (Aug 21)*.

Break down the $20m to a yearly figure ($4m) and divide the $4m by the number of employees (10,000), and u get $400 per employee a year. Peanuts.

What training for digital banking skills and technologies can one get for $400 per employee per year?

Training? What training? Support? What support? It seems to be more about  carrying the PM’s balls, than anything else.

No wonder we not that Smart a nation.

——————-

*The article goes on: The broad-based programme will include artificial intelligence (AI)-powered e-learning. AI can make personalised course recommendations for employees and help them to collaborate and engage in mobile education at any time or place across the bank, it said.

Employees can also try experiential learning, where they will be able to go on paid sabbaticals to work on prototypes and start their own businesses. Accelerator programmes will provide mentorship and funds for intrapreneurs.

Staff can likewise apply for grants and scholarships to upskill themselves in emerging technologies like data and analytics, desiging thinking and automation, the bank said. Innovative learning spaces, like the DBS Academy and DBS Asia X, are also part of the programme, where employees have access to digital master classes, or work in collaboration with start-ups and the broader fintech community.

Read more at http://www.channelnewsasia.com/news/singapore/dbs-to-invest-s-20-million-over-5-years-to-transform-employees-9143874

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  1. Hmmm??? Critical thinking people will know how these numbers work…

    Large portion will be for DBS scholars being sent to Ivy League schools.
    Large amounts will also be spent on e-learning platforms benefitting the training providers.
    Large amounts will also be targeted only for selected high-powered staff with working proof-of-concepts for further development & implementation.

    The 99% of typical staff doing glib sales talk or glorified admin will get squat.

    Similar to the billions of dollars being spent to help the underprivileged, handicapped, retrenched, elderly, etc etc that is parroted by the govt every year.

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