Summit Credit Union, located in Madison and Milwaukee, Wisconsin, is a small company with 366 employees. A merger in 2015 doubled the size of the company and made it necessary to build a new corporate culture. Summitâ€™s mission is to improve credit membersâ€™ financial lives to help them achieve their dreams. For example, in 2013 Summit members saved over $13 million based on higher savings rates, lower loan rates, and lowerfees compared to for-profit banking institutions in Wisconsin. Summit has invested in creating a world-class learning function, which includes a team of seven professionals who are able to design and deliver instructor-led training as well as e-learning. Summit has shifted away from generic off-the-shelf training to develop online and face-to-face programs customized to employee needs and the companyâ€™s goals and initiatives. For example, the learning function is expected to play a key role in dealing with business issues such as efficiency, loan growth, and increased sales. All learning staff members are expected to contribute to new company initiatives, such as new products and services, systems, or regulations. Summit has recently identified a problem with its new lenders. They were starting to perform their jobs without the necessary skills, information, and knowledge that they needed. One potential reason for this is how the lending training curriculum is organized. New lenders attend a course on different types of loans and the lending system, start their jobs, and then later return for a course on lending guidelines, underwriting, and sales skills.
For this assignment, you will review the case, Determining Training Needs at Summit Credit Union, and discuss the importance of conducting a needs analysis.
Instructions: After reviewing the Summit Credit Union case study (p. 152) and this week’s readings, discuss the following questions:
â€¢ How would you conduct a needs assessment to determine if new lenders are starting their jobs without the necessary knowledge and skills to perform well and if the organization of the training curriculum (or another training issue) is responsible for this problem? â€¢ Who should be involved in the needs assessment?
â€¢ Include an Introduction to the case study problem. â€¢ All works should be written in proper APA format. â€¢ Your paper should be 2-3 pages with additional cover and reference pages. On your cover page, include the name of the assignment, your name, date, and the course. â€¢ Use at least two (2) references to support your work. You may use your textbook as a resource.
Be sure to read the criteria by which your work will be evaluated before you write and again after you write.