This year, upon completing extensive research on credit training effectiveness and instructional design, we introduced our new learner-centric, instructor-led Skills Application Labs (SALs). Unlike traditional instructor-led workshops that are predominately lecture-driven, SALs are immersive, group-based experiences that are driven by real-time interactions and case-based collaboration. By allowing participants to apply their understanding of credit skills in this interactive lab environment, less time is consumed by traditional instruction, allowing participants to dedicate time to proactively work on loan cases, tackle and solve unique challenges in a team environment, and complete the experience by delivering capstone loan presentations.
Initial client feedback on recent deployments of Skills Application Labs confirms our research on the effectiveness of this innovative training format – and we continue to develop SALs to compliment our modern credit training curriculum. Today, we feature three Skills Application Labs to compliment the E-Learning format of our most popular courses: Commercial Loans to Small Business, Commercial Loans to Business, and Commercial Real Estate Lending.
The concept of case-based, interaction-driven group learning is not a new concept; however, it is the attention to detail in setting context, environment, and expectations that culminates into successful “lab” experiences. In a recent Harvard Business School video titled “Perspectives on the Case Method,” a Harvard professor summarizes these collaborative experiences quite succinctly: “it’s not the professor disseminating knowledge to the students, it’s everyone participating in the co-creation of knowledge.”
We believe that the Omega Skills Application Lab format is the future of effective credit training – by first requiring successful completion of Omega’s interactive, companion E-Learning courses - Omega SALs bring home a complete blended learning experience that maximizes skill comprehension and promotes long-term skill sustainment.
Get in touch today to learn more about how Skills Application Labs can help your lending organization with a training plan that suits your unique business objectives: www.omega-performance.com/contact-us/
The post Skills Application Labs, The Future of Effective Blended Credit Training appeared first on Omega Performance.