Xcel Energy Supports a Distributed and Technical Workforce Using a Transformative LMS

Every employee, from the most senior level to the freshly minted, must take some type of training in their career. The nature of this training differs depending on the company and the department. However, one thing remains constant: training is vital for the ongoing success of every company. There’s more to successful training than great instructors, excellent instruction, cutting-edge technology, and top training materials. To be successful, training must have the right approach. While demand for training has increased since 2020, many employees remain frustrated by what courses are offered and how those courses are delivered. When a company takes a correct and proven approach to training, it is more likely to be adopted and positively impact employees and the company. This guide outlines the six golden rules for training success.

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Could these be the most challenging times for banking and finance firms in history? The banking crisis of 2008 created major challenges for financial institutions, but those issues seem relatively minor compared to what’s happening today. In today’s business climate, challenges include: Shrinking budgets Competition from fintech companies A dispersed and mobile workforce, creating changes in engagement Evolving business demands Shifting employee expectations Regulatory pressures that only become more complex Technology challenges Cyber threats Speed of decision making Inflation A looming recession Many firms in the banking and finance sectors are discovering a surprising way to cope with these changes: a new approach to training.

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In the next three to five years, according to data from the White House, almost 30% of current senior executive federal service workers will be eligible for retirement. The pandemic and the very nature of how we work have changed the environment in many federal agencies. Large numbers of these senior-level employees will take advantage of this opportunity to retire. These employees have given years of outstanding service to the people of the United States. Replacing this senior- level experience presents a massive challenge for U.S. government agencies. Plus, and most importantly, they must equip freshly minted leaders with the skills they need to be successful in their new roles. These replacements will need to live up to the standards set by their predecessors and even exceed those standards so federal agencies continue to function and thrive.

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