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“Overview of Strategic Learning and Development in the Sri Lankan Financial Sector”

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  With the financial sector in Sri Lanka dealing with rapid digitalisation, regulatory changes, and transformations following the pandemic, the significance of Learning and Development (L&D) has reached unprecedented levels. Strategic L&D has evolved beyond conventional training methods to become a core component of Human Resource Management (HRM), aiding banks and financial institutions in maintaining competitiveness, agility, and preparedness for the future. This blog provides an overview of the role of L&D as a strategic pillar within the HR framework in the context of Sri Lanka's evolving financial services landscape.   The Strategic Function of L&D within HRM In present-day HRM, L&D has transitioned from a support function to a key driver of organisational strategy. According to Beer et al. (1984), the Harvard Model of HRM identifies employee development as a key policy domain that is directly connected to long-term results like commitment, com...
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“Shaping the Future Workforce: L&D Strategies in Sri Lanka’s Financial Sector”

      In Sri Lanka, the financial sector is situated at the crossroads of swift technological advancements, changing regulatory frameworks, and increasing customer demands. In this dynamic environment, Learning and Development (L&D) strategies have emerged as a crucial component of Human Resource Management (HRM), helping organizations build resilience, enhance service quality, and prepare their workforce for the future. This blog examines the ways Sri Lanka’s financial institutions are crafting and executing L&D strategies to align with strategic goals and promote sustainable growth. Strategic Objectives Behind L&D L&D within finance has transitioned away from a reactive approach. Today, it is strategically linked with talent management, succession planning, and digital transformation efforts. A major goal is to provide staff with competencies that prepare them for the future, including digital literacy, data analytics, risk assessment, and adhe...
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