In this Assignment, through the Suntrust Banks business memo, you will engage in developing the following professional competencies:
Sun Trust Takes Training to the Bank
Read the vignette “SunTrust Takes Training to the Bank” at the end of Chapter 7. Review the information about needs assessment, training methods and measuring the success of training programs in Chapter 7.
SunTrust Banks, based in Atlanta, operates the eighth-largest U.S. bank. It also has several subsidiaries offering other financial services such as mortgage banking, insurance, and Investment management. The bank serves customers in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia. As the banking industry struggled to recover from the recent financial crisis and recession (and new regulations) that followed, SunTrust’s management decided that the key to the company’s future lay with fully engaging employees in serving customers. That approach is consistent with the company’s mission of “helping people and institutions prosper.”
SunTrust began to restructure its banking business in accordance with three guiding principles: (1) operating as a single team; (2) putting clients first; and (3) focusing on profitable growth. This principle-driven approach to growth requires managers who know how to foster employees’ commitment to their work and their clients. To that end, SunTrust has made it a priority to develop managers’ leadership skills. First-line managers receive training in how to coach and lead others. Middle managers work with mentors on their leadership skills. Upper level managers use assessments by peers, subordinates, and others to identify areas for growth and, with coaching, develop leadership skills taught during a three-week training program. SunTrust also selects its top 3,500 managers to receive training in employee engagement. For training aimed at emotions to be relevant, it must enable better job performance. The bank also provides learning support on its SunTrust Learning Portal. Since SunTrust initiated the new training programs, it has seen evidence of improved performance.
You are the Training Manager for SunTrust. The Director of HR has some specific inquiries about the new programs and the future of the training programs. Address the following four items of concern from the Director in a 500-word business memo.
Define “needs assessment”. Identify the three questions that SunTrust would need to answer to assess their needs in the broad areas of organization, person, and tasks.
List an appropriate traditional training method that could be used to foster ethical behavior at SunTrust.
List two appropriate ways that SunTrust could measure the success of its training program.
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