Employers - What can the Skills Academy do for you?
The Skills Academy aims to bring real business benefits to financial services employers including
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A new source of recruits to the industry
Our Skills Academy will increase the quality and quantity of recruits by promoting financial services as a career of first choice, using business leaders to provide insights into the wide range of career pathways available. It will also help stimulate internships and work placements in financial services companies.
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A better skilled workforce
Our Skills Academy will offer quality training and the most relevant qualifications to cover all financial business skills and sector knowledge needed - from customer service skills to knowledge of compliance and regulation.
It will provide opportunities for accessing public funds to support more employee participation in training. Existing employees will be able to update their skills through clear progression paths.
Employers will benefit from an injection of up-to-date skills. New qualifications and world-leading specialist courses, both academic and vocational, will be made available to close key skill gaps. Qualifications will be developed by working with employers from many different areas of financial services resulting in training that is dynamic and more responsive to their needs.
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Quality assurance for training
The establishment of the National Skills Academy network links the best schools, colleges, universities and private training providers into a flexible nationwide infrastructure. A ‘one-stop shop’ for consistent, high-quality, financial services training for employers, it will offer qualifications which have a proven track record with employers and offer new, globally competitive training in modern learning environments across the UK.
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A more productive and competitive business
Skills Academy training will turn out better skilled, more motivated, more productive employees that will generate a real and tangible return on investment for employers. Increased staff motivation will in turn increase retention rates.
The Skills Academy will also provide training to review business processes to increase efficiency. By working with the Learning and Skills Council, professional bodies and public providers, the Skills Academy will ensure that funding is diverted towards the qualifications which most benefit employers, ensuring the system is demand-led.
The Skills Academy offers a long-term solution to skills shortages and gaps which otherwise threaten productivity and economic success. It'll help give employers the people they need to keep their businesses competitive and to keep our industry at the heart of the global financial services sector.