Training accounts for big improvements at Fairbairn Private Bank: Bespoke program blends internal and external expertise
Human Resource Management International Digest
ISSN: 0967-0734
Article publication date: 25 January 2008
Abstract
Purpose
The purpose of this paper is to describe how the customer‐service centre at Fairbairn Private Bank (FPB) was transformed by a training initiative that led to a string of awards.
Design/methodology/approach
Details the origins of the training initiative, how it was delivered and the training outcomes.
Findings
Reveals that the training has enabled FPB to exceed targets for reducing serious justified complaints, financial errors and account closures. New accounts are being opened at almost twice the rate seen in 1999. A client survey has shown 98 percent of respondents are more than satisfied with the standard of service, and 99 percent with the speed of answering telephones. Client referrals now account for 80 percent of business introductions and new accounts outnumber closures four to one.
Practical implications
Highlights the powerful combination of in‐house expertise and external trainers to design and deliver training in the financial‐services sector.
Originality/value
Emphasizes the importance of bespoke training in an area where no appropriate accreditation was available and the bank had to chart its own progress.
Keywords
Citation
(2008), "Training accounts for big improvements at Fairbairn Private Bank: Bespoke program blends internal and external expertise", Human Resource Management International Digest, Vol. 16 No. 1, pp. 32-34. https://doi.org/10.1108/09670730810848333
Publisher
:Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited