How Fidelity invests in service professionals.
If you're in the business of service delivery, investment in the training and development of your staff is one of the keys to your company's success. But what's the best way to design and implement your investment? In 1994, Fidelity Institutional Retirement Services Company (FIRSCo) needed to ensure that its rapidly expanding staff maintained the company's high levels of customer satisfaction. The solution, according to Ellyn McColgan, formerly an executive vice president of FIRSCo and now the president of Fidelity Investments Tax-Exempt Services Company, was to reach out to its service associates with a powerful new model for training and development called Service Delivery University. SDU is a virtual university with a content-based core curriculum and five colleges that focus on business concepts and skills. It is driven by three principles. First, all training must be directly aligned with the company's strategic and financial objectives and focused on customer needs. Second, service delivery is a profession and should be taught as such. And finally, professional development should be the primary responsibility of line managers rather than the human resources department. McColgan explains how FIRSCo overcame resistance to this sweeping change in employee education. (Time was one obstacle: each associate receives 80 hours of training per year.) In addition, the author discusses the fine art of measuring the success of a program like SDU. She finds that the company's investment has paid dividends to the staff, to the organization as a whole, and to FIRSCo's customers.
McColgan
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Fidelity Investments Tax-Exempt Services Company, Marlborough, MA, USA.
D003132:Commerce / Q000458:organization & administration*; D006801:Humans; D007318:Inservice Training / Q000458:organization & administration / Q000592:standards; D007449:Investments; D007588:Job Satisfaction; D007858:Learning; D019982:Organizational Case Studies; D012456:Salaries and Fringe Benefits; D013192:Staff Development / Q000458:organization & administration* / Q000592:standards; D014481:United States