Program Evaluation
Attracting and developing talent in the highly competitive financial services markets has led many of the major financial institutions to develop extensive internal development programs for employees. These programs tend to be extremely expensive and there is a critical need to ensure that they are providing what the companies need.
A global bank asked Cambria to conduct a critical review of all the training programs being offered and to make recommendations for streamlining and repositioning its training offerings for maximum impact. Cambria organized a systematic review of the existing offerings and developed a curriculum map that essentially coded the different programs against key processes, business challenges and underlying skills and competencies. Cambria also developed indicators for the direct and indirect costs of developing these courses and for conducting them. These measures in turn allowed for the creation of a standard cost per seat for each course.
The program looked at some 230 programs and identified numerous areas of overlap and gaps in coverage. Overall the project played a key role in securing a 30% savings of total training costs.
