Securities & Derivates Industry Association

- In-House Training -

Improving the Internal Workforce

What Is an In-house Training?

This is a program within SDIA that provides all individuals with the opportunity to learn various skills that positively affect their output with the association. These skills are usually related to their practice area or learn general skills. This training, usually a result of elaborate planning, is an opportunity for the professional development of the members of the association.

At times, the employees are given certain training and workshops as certain requirements to qualify or be certified for various industry performance. Companies may also give training voluntarily to keep continually keep the employees on their feet and performing. This, in a way, helps to maintain Asia’s competitiveness.

This has also yielded positive results as there seems to be an ever-increasing trend in the skillset of members of the SDIA.

Benefits of In-House Training

There is no doubt that in-house training comes with a wide range of benefits for both the association and the individuals themselves. This is because, through in-house training, the individual employee gets to incredibly develop themselves. Following this, they can contribute immensely to the organisation, which then greatly benefits the organisation.

From the preceding, it is clear at first glance that the situation is a win for both parties. Regardless, what are the specific advantages that come with in-house training? These advantages include the following.

  • Reduction of cost on certain expenses such as feeding, travels, accommodation, training cost etc.
  • The training is specifically tailored to the specific needs of SDIA, especially its goal and objectives.
  • Generally, most of the in-house training allows following up after the training. It also places focus on specific issues within the business rather than generic items
  • The training given is always tailored to suit the ongoing challenges of the organisation
  • It is super convenient and stress -free. In-house training can easily fit into the schedule of the concerned parties.
  • In-house training allows for capacity training such as team building, effective communication, time management etc.

Drawbacks of In-House Training

While there is no doubt that in-house training comes with a wide range of benefits, it is far from perfect. In fact, it is this search for perfection that leaves us wondering the ways to make things better. Regardless, while there are attractive benefits attached, there are also disadvantages attached to in-house training.

The various drawbacks associated with in-house training, include:

  • It places an extra administrative burden on the organisation such as having to make sure everything is suitable for the training, including the room, instruments etc.

Regardless of this difficulty, in-house training remains relevant, especially for the development of the workforce and the organisation at large. In turn, it has become somewhat like a cultural heritage in SDIA. It is a means to help and let others grow.