At the core of any high impact performing organizations is learning and development. Investing in the continued professional development of employees is beneficial, first to the morale of the team and secondly to organization’s bottom line. In today’s unstable business environment that is continuously responding to technological advancement and a rapidly changing social and economic landscape, employee training is a critical component in creating shareholder’s value and staying ahead of the market. Africa Risk Institute’s knowledge solutions are designed to bring organization’s workforce to the next level.
Last year in one of the dailies, a local supermarket invited applications for internship positions. Slightly over ten thousand applications were received out of which three thousand were applicants with master’s degrees. The interest cap regime has seen thousands of professionals in the financial services industry specifically banking, experience job losses. These statistics, without a doubt, open a window from where we get a glimpse of the unemployment situation in Kenya.
One is quick to notice a near similarity of what happened during the recent global financial crisis. The systemic nature of the financial Tsunami sent professionals packing from every sector of the economy with the financial services industry carrying the bulk. Although a majority of stocks slumped, stocks from companies in training and professional development saw unprecedented growth owing to the fact that many professionals went back to class to improve their skills. People chose to enhance their skills in anticipation of future industry needs rather than changing careers.
Of course, the question that remains unanswered for our case in is, should people go back to school for more technical training in specialized areas or should more employment opportunities be created? Both are solutions to the problem but here is why the former is preferable. Recently a research conducted by Impact Project International GmBH underscores this preference. The findings showed that entry-level staff in banking lacked basic qualitative skills for risk assessment required for dealing with MSMEs. This is in stark contrast to the hundreds of thousands of graduates released to the market each year. There seems to exist a miss match between existing university programs and employer’s requirements. The bottom line, therefore, is, addressing skills gap is king when it comes to the two. Having job opportunities that cannot be filled due to skills mismatch is as ridiculous as chopping the trunk of a tree on whose branch you are seated.
Africa risk Institute In consultation with industry players is at the forefront of designing curricula and training solutions that match the needs of the financial services industry in Kenya. In partnership with global professional giants such as the Chartered Institute for Securities and Investments (CISI), the Global Association of Risk Professionals (GARP) and local regulators, Africa Risk Institute is the leading training provider for professionals seeking to carve their space in the finance world. With a range of courses in financial risk management, Global Securities, Investments, Wealth Management, and Derivatives to name a few, Africa Risk Institute is the hub of professional training and development.