NeoGrowth, India’s leading NBFC lending to the under-served MSMEs, was recently awarded the ‘Best Learning Strategy of the Year Award’for implementing new and innovative learning strategy, employee on-boarding and development program for employees. The award was presented at the 3rd edition of Future of L&D Summit & Awards, conceptualized and curated by UBS Forums, India’s largest platform for learning and development professionals. The Summit recognizes individuals and organizations who are bringing about a transformational change in employee training and development according to new-age business requirements.
NeoGrowth has been undertaking several key initiatives to adhere to its commitment of operating in an effective, efficient and compliant manner.The organization has been planning, scheduling and conducting comprehensive training programmeswhile following a structured approach of identifying learning requirements to design and deliver the course accordingly.Employeelearning strategies at NeoGrowth have three fundamental aspects:
- Job-specific training: For new recruits, the organization conducts a comprehensive functional on-boarding program, providing In-depth knowledge of product, policies, applications&toolsto preparethem for their job specific roles and responsibilities.
- Academic learning: NeoGrowth has launched a robust Online Training Platform called Learning Management System (LMS), an integrated platform to make all the training material accessible at the click of a button, to employees across India.Moreover, with initiatives like NeoLearn Minutes, it successfully promotes micro learning opportunities by sharing industry-relevant content in a crisp format every week through emails.
- Holistic development: In addition to the above, NeoGrowth conducts various behavioural, soft skills, team-bonding and leadership programmes on a regular basis. This augments the collective spirit of the organization while enhancing every individual’s potential.Also, under the banner of ‘GYANDHARA’, NeoGrowth organizes various workshops and seminars, inviting external industry experts to address its employees.
All these initiatives enable NeoGrowth to go beyond the conventional boundaries of employee learningand strengthen its workforce to efficiently serve the underserved MSME segment of the country, thereby earning this prestigious award.
Speaking about the achievement, Piyush Khaitan, MD & Founder, NeoGrowth remarked, “The fintech landscape is undergoing rapid and radical changes and every organization needs to ensure its employees are well-prepared. Industry-focused learning through an employee-oriented system is essential for them to adapt swiftly to these changes.At NeoGrowth, we have been continuously striving to develop an ecosystem that incorporates every need of a fintech professional while allowing them to learn at their own convenience. Our priorities in the employee L&D space are industry-readiness, deep product knowledgeandcomprehensive development. To achieve the same, NeoGrowth organizes dedicated learning programmes, frequent professional conferences, summits, workshops, and seminars, while simultaneously encouraging team members to attend independent events.
We believe that such initiatives not only help our workforce to gain knowledge about their immediate business environment butalso foster the growth of their professional relationships. In the long run, the employees will benefit from an enriched professional network, while also making a stronger impact within the organization.”