UniCredit launches staff training pilot project in Italy
Reuters
Published May 03, 2022 09:35AM ET
MILAN (Reuters) - Italian bank UniCredit said it had launched a pilot project to train staff in Italy to try to boost retention rates, weeks after rival heavyweight Intesa Sanpaolo (OTC:ISNPY) announced a venture with a private equity firm centred around its learning operations.
UniCredit CEO Andrea Orcel said retention rates were between 30% and 50% higher for companies with a strong learning culture.
"Eighty-six percent of millennials say they would stay in their roles if training and development is offered by their employers," the former UBS banker said.
Spurred by the disruption of the pandemic, record numbers of people have left their jobs in a phenomenon dubbed "The Great Resignation," heightening the challenge of how to retain talented workers.
The UniCredit University Italy programme will offer classes both online and in person to staff, with a view to polishing existing skills and adding new ones.
UniCredit plans to extend the pilot project to the other countries in which it operates.
Intesa announced in February a venture with Nextalia, the private equity firm founded by former Mediobanca (OTC:MDIBY) banker Francesco Canzonieri, to externalise its training divisions.
Intesa said it would fold its operations dedicated to offering learning to businesses and staff into a newly-created company called Digit'ed, controlled by Nextalia.
Intesa, which would own 20% of the new company, said it was signing multi-year agreements for Digit'ed to provide learning to the bank's employees and customers.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.