FIRST Dissemination. Key tasks ⇒ To identify key EQF levels for qualifications in FSS ⇒ To...
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Transcript of FIRST Dissemination. Key tasks ⇒ To identify key EQF levels for qualifications in FSS ⇒ To...
Key tasks
⇒ To identify key EQF levels for qualifications in FSS
⇒ To select 3 work processes to be analysed to capture the relevant language to present underlying qualifications
⇒ To select existing qualifications best fitted for each of the key EQF level, and finally
⇒ To develop new EQF levels descriptors which would mirror the language and work environment of today’s FSS – the Translators
⇒ To disseminate and valorise results
Map of stakeholders
CustomersConsumer
associations
EU Commision
etc.
BankingAssociations
EBF
HEIStudents
Professional Bodies
TradeUnions
Training Providers
Regulators
Employees
BanksFinancial
Institutions
FSSMarket
Benefits to groups of stakeholders:Banks/financial institutions
Transparency of qualification - increased confidence, quality;
Portability of qualification – flexibility of employment, easy transfer between jobs;
Mobility: also within international organisation; Better qualified staff/more professional; Increased efficiency of the professional development; Easier integration within FSS; Facilitated mergers and acquisitions; Easier recruitment process/evaluation; Well prepared staff = good will (HR potential as
important part of the value of the company: becoming a criterion in the new approach to ratings); and
Recognition of formal and non-formal education.
Benefits to employees
Easier professional career – mobility; Self-management of career development; Diversity - limits discrimination; Self-confidence vis-a-vis clients ; Life-long learning assurance; Stronger position in a migration process;
and Employability.
Benefits to training providers More opportunities; Improved quality; International cooperation; Credibility; More transparent offer to clients; Modular training offer - flexibility of use -
effectiveness to the clients; More demands through lifelong learning;
and New forms of assessment.
Benefits for regulators: Transparency and quality staff enhances
financial stability and trust, hence protect consumers;
European standards – harmonisation: easier and more efficient control of the market; and
Improvement of the operation of the market.
Benefits to customers/consumer protection associations:
Improved quality of service through more effective training;
Trust to better staff and organisations; Easier control of required standards of
consumer protection; Help in regulation development; Informed decision on the use of services; Higher expectations; More effective; and Quality of life.
Benefits to professional bodies: Positive image of the development of the
sector, limits the consequences of bad practices;
Confirm the investment in staff – quality of service;
Competitiveness of the sector, to be at the forefront of changes;
Show the focus on training in FSS as compared to other sectors;
Up-to-date and informed; and Better quality control of banking institutes.
SWOT analysis: Strengths
Benefits to be created to stakeholders Strong team/partnership EU recommendation: time is clicking,
it is happening (2010/2012) Building upon results of previous
projects Visibility of EBTN vis – a - vis the EU
SWOT analysis: Weaknesses
Lack of wide knowledge about EQF Vagueness of descriptors (also an
opportunity) Doubts in appetite for implementation Employers apathy to EU (also a
threat) Cost of transformation into EQF world
SWOT analysis:Opportunities
Provides for flexible interpretation of descriptors: can accommodate a variety of contexts
New network can be built Stronger position of EBTN in EU Consultation process based on
partnership (also a threat) Visibility of FSS
SWOT analysis: Threats
Big scale implementation critical for success and challenging
Effective communication difficult Market can become too regulated
Key EQF levels of qualifications in FSS
First recommendation: EQF levels 3-6 Verification upon collection of examples
of existing qualifications Opinions and Recommendations by
Relay Partners welcomed
3 business processes for analysis:
Criteria for selection Scale (a number of employees involved,
which encourages certification) Importance for strategy implementation
(most profit generation) Need for qualifications (processes which
benefit from qualifications) Processes chosen: SME banking,
savings and investment, compliance