The Academy, December, 2019 TheCentre for DepositAcademy Insurance System Training & Education The bi-annual publication of the NDIC Academy Vol. 4 No. 2 December, 2019 Cryptocurrencies and The DNA of Human Notes from the The Skills That Disruptive Financial Capital: Trends Companies Need Chief Learning Technologies Report 2019 Most in 2020 Officer –Pg 2 –Pg 5 –Pg 8 –Pg 10 L-R: Prof. Paul Omaji, Dr. Olurotimi Olokodara, Dr. Lucy Newman and Dr. VISION Azubike Okoro (D/CLO) having a discussion during the Leadership Training at the NDIC Academy on Monday, December 9, 2019 To become a model deposit insurance training institute Innovative Instructional Approaches: in Africa and Asia regions by 2020 Key to Impactful Learning and MISSION Enhanced Workplace Performance he processes associated learners. It is technology-centric To promote and with the liberalization of in all ramifications. Conceptually, the world economy and it is a new process to learning foster individual and T the great achievements recorded experience, design and delivery for organizational effectiveness in information technology have improving the competence of the by developing and offering indeed, brought dynamic changes workforce. Instructional approaches an array of innovative in many organizations today. are rapidly changing from simple and diverse training The dominant concern of most classroom to web-based learning programs in support of the organizations currently is the using simulation and computerized Corporation’s commitment adoption of innovative training and tutoring. to employee development, work practices which are targeted 1.0 Instructional Design partnerships and towards overall performance. More Learning and development organizational enrichment. than ever, learning and development involves the acquisition of skills, practices have recorded tremendous changing attitude and obtaining EDITORIAL BOARD improvement in the mainstream knowledge that is targeted at of corporate functioning and are improving performance. There is contributing proactively towards strong opinion among researchers Dr. Azubike Okoro the attainment of organizational and practitioners in the industry Chairman objectives. Lather, A., N. Sharma., that learning is of little or no Chinenye Akinlade H. (2009). importance or consequence unless it Editor-in-Chief The phrase “innovative is transferred in some way to actual instructional approaches” is one performance in the workplace. Over Vincent Ajah of the contemporary concepts in the years, learning and development Managing Editor learning and development that is has witnessed an increase in Hadiza Modibbo used to describe the systematic interest among academics, theorists Secretary and innovative ways in which and researchers which led to technology-driven and flexible Contd on Page 3 processes address the needs of 1 The Academy, December, 2019 t is indeed another a couple of reports conducted exciting opportunity Notes from the by some of the best research Ito deliver to you, our organizations globally. The esteemed readers, the latest first report titled “The DNA edition of The Academy, Chief Learning of Human Capital: Trends our online newsletter which Report 2019” was conducted chronicles the activities Officer by HR. Com, and it focuses at the NDIC Academy bi- the Academy becoming the on the transformative value annually. For reasons beyond leading training institute on of human resources in our control, particularly deposit insurance system in creating appreciable growth our pre-occupation with the Africa and Asia regions by in organizations, and the relocation of the school to a 2020. We shall quickly settle best practices that firms can new facility, this edition is down and devote full attention adopt to retain top talents. behind schedule. However, to effective training of staff of The second report, which this has not in any way the Corporation as well as local was compiled by LinkedIn diminished its characteristic and international stakeholders. Learning, attempts to project quality and freshness. his edition features some of the skills that would he period from July a couple of articles rule the market in 2020. to December, 2019 on Learning and o ensure that our Trepresented an TDevelopment, as well as readers get maximum enduring landmark in the emerging trends in the Tvalue, we have culled Academy’s tale of successes, financial services industry. the key learning points from as the institute recorded many These are products of in- these reports and published milestones in the execution depth researches conducted them here in. As usual, the of its training plan. A total of by some of our experienced objective of this medium is to twenty-five (25) courses were Subject Matter Experts add immense value to all our mounted this period, with the (SMEs). The first article – stakeholders, individuals and remaining two shifted to the Innovative Instructional organizations alike. As you beginning of 2020. On the Approaches: Key to Impactful browse through the pages whole, a total of seventeen Learning and Enhanced that follow, I really do hope (17) technical and ten (10) soft Workplace Performance – that you will find it enjoyable. skill courses were executed aims at equipping readers Cheers and Happy New Year in 2019 training cycle, with with the basic knowledge of in advance! 4031 participants trained, the trends in Learning and representing a 20% increase Development, and how these from the previous year’s innovative instructional record of 3353 trainees. approaches can be leveraged et me, with a true sense to positively impact workplace of delight, announce the performance. The second Limpending relocation article discusses the nature and of the NDIC Academy from impacts of crypto-currencies its former office at Utako and other disruptive financial to the Central Business technologies and how they District, Abuja. Indeed, can potentially affect banking this movement has long and supervision. I have no been awaited, following doubt that you will find both Management’s commitment articles quite interesting and Azubike Okoro, DBA, FCTP to upgrading the standards enlightening. of our training facilities, and Director/CLO Finally, we took time to review NDIC Academy consistent with the vision of 2 Features The Academy, December, 2019 Innovative Instructional Approaches: Key to Impactful Learning and Enhanced Workplace Performance Contd from Cover the development of models and approaches to instruction. Some of the prominent theories and models include the following: i. ADDIE ii. The ASSURE Model iii. The Bloom’s taxonomy iv. The ARCS 1.1 Old/Traditional Approaches : a) Classroom/instructor led Training b) Apprenticeship c) Job Instructional Training (JIT) will improve their current or future variables include learner’s d) Role-play performance. Organizations use demographics, delivery styles, e) Team-based learning training to bridge performance gaps learning environment, activities (TBL) and to give new knowledge, skills that support learning and clear f) Project-Based Learning and experience required to perform learning objectives. These variables (PBL). particular tasks. There is abundant are briefly listed below: literature on the contribution of a. Learner’s demographics 1.2 Innovative Approaches: training to the job performance of b. Delivery Methods Advancement in information employees (e.g.; Bhat, Z., H. 2013; c. Learning environment technology has improved Afshan, S., Sobia., I., Githinji, A.. d. Activities that support significantly the way we impact 2012; etc.). Degraft O., e. (2012) learning learning in the workplace. Through K. Richard, C., Anis, M., K (2014 e. Learning objectives. the use of the internet and smart Melfin, L., Eshehu, A. (2016). computers, the world has become a 3.0 Discussion much smaller place where learning 2.0 Theoretical Framework: It is necessary for organizations can be impacted from any part The theoretical framework adopted to carefully select a suitable of the world in real time through is designed to illustrate the instructional design and delivery various platforms listed below: relationship between innovative approach when planning a leaning a) E- Learning instructional approaches, intervention that is innovative, b) Blended learning instructional designs (independent cost effective and which addresses c) Gamification variables) and performance the needs of the learners if the d) Talent Management (dependent variable) with some objectives of the training are to e) Digital Learning moderating variables as shown be achieved. As depicted in the f) Audio conferencing below. We hypothesize that sound theoretical framework of the study, g) Video conferencing instructional designs + innovative there is need for careful selection of h) Intelligent learning instructional approaches will the design and delivery approach Environment (ILE). produce impactful learning which that would be impactful and that may positively impact employee depends on the objectives, needs 1.3 Training and performance and productivity. and budget of the organization. Performance The traditional /old approaches The role of training is to 2.1 Moderating Variables provided in the framework include, provide employees with requisite Muller, D., Judd, C. M., & Yzerbyt, but not limited to classroom, knowledge, skills and attitudes that V. Y. (2005) described a moderating apprenticeship, Job instructional variable(s) as the one that show design, role play, job support, team magnitude of the relationship and project-based.