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Get Visual: the Value of Video Training

April 15, 2016 - 65% of people are visual learners. Since this could potentially represent more than half your work force, you need to customize your training to fit their needs. According to Forbes, Microsoft estimates its video training initiatives have saved them approximately $13.9 million per year. Not only does video training save you money, it improves the quality of learning.
 
Video Training
 
Videos improve the quality of learning because they visually bridge concepts to the real world. Sure, you can have employees memorize definitions from a PowerPoint. However, when videos are reflective of actual work situations, employees are more likely to pay attention. For example, they will remember why it is important to be alert for phishing attempts, instead of just the definition of a phishing attempt.
 
Video mediums have a knack for making training engaging and fun. According to a study conducted by the University of Maryland, students who train using videos have significantly higher levels of satisfaction than users in a traditional classroom setting. Forbes Insight says 59% of senior executives would rather watch a video than read text. A Cisco Global Survey shows that 87% of young executives prefer a work environment that is invested in video training. Employees universally love video training, no matter where they are on their career path.
 
Before you pull out your iPhone to start recording homemade, compliance, educational videos, keep in mind it matters what videos you choose. According to Cynthia Brame, Ph D., of Vanderbilt University there are ways to make your videos more effective.
 

What Makes Videos More Effective:
•  Highlight key information
•  Keep videos short
•  Use assessment questions to test knowledge
•  Get rid of distracting information, images, and sounds
•  Match your video to the audio
•  Be conversational in your tone
•  Keep in mind your video audience at all times

 
Using video in training in the right way can improve comprehension rates dramatically. Still not convinced video training is not for you? Check out the study conducted by Dr. Sara Aloraini about the impact of multimedia use on students’ academic achievement in the College of Education at King Saud University. Dr. Aloraini’s study showed that students who are presented material in multimedia format (sound, images, and video clips) perform better on academic achievement tests than students who are not presented material in the traditional way (through dialogue and follow up discussion).
 
At Edcomm Banker’s Academy, we recognize how cost-effective, applicable, and enriching video training can be. Please feel free to reach out to us if you would like to learn how we integrate state-of-the-art Edcomm Training videos into your training!
 
by Madelyn Fagan
 
For more information on this hot industry trend, check out some of the articles below.
 

Sources

Aloraini, Sara. “The impact of using multimedia on students’ academic achievement in the College of Education at King Saud University.” Journal of King Saud University – Languages and Translations 14.2 (2012) : 75-82. Web. 14 April 2016.
Brame, Cynthia. “Effective educational videos.” Center for Teaching. Vanderbilt University, 2015. Web. 14 April 2016.
Gutierrez, Karla. “Studies confirm the power of visuals in elearning.” SHIFT’s E-Learning Blog. SHIFT Distruptive E-Learning. 8 July 2014. Web. 14 April 2016.                                                                                  "Why Visual Teaching? .” Visual Teaching Alliance. Visual Teaching Alliance: Professional Development for Primary, Secondary & University Educators/Administrators, n.d. Web. 14 April 2016.                   Zhang, Dongsong, et al. “Instructional video in e-learning: assessing the impact of interactive video on learning effectiveness.” Information & Management 42 (2006): 15-27. Web. 14 April 2016.

Helping To Make the World a Better Place

We here at the Edcomm Group take great pride in our business and are committed to always paying it forward by giving back to our community and helping those in need. Whether it’s showing gratitude to our nation’s heroes, volunteering time at local animal shelters, or simply donating much-needed funds to various organizations, we are dedicated to philanthropy and social awareness.

At this time of year, it is important to look back and reflect upon the spirit of brotherhood, and to be a part of something bigger by joining a cause and helping non-profit organizations help different groups of people with specific needs.

In the spirit of giving, Edcomm Team Members have supported the following organizations in various ways:

  • The Purple Heart Foundation
  • The Salvation Army
  • Heifer International
  • Planned Parenthood
  • The ALS Foundation
  • The Cystic Fibrosis Foundation
  • Animal Lifeline
  • The Ronald McDonald House
  • Cal Ripken, Sr. Foundation
  • Children’s Miracle Network
  • A Woman’s Place
  • Autism Speaks
  • Marine Toys for Tots Foundation

Third Wave of Financial Collapse Rapidly Approaching

October 16, 2015 – Earlier this week, top analysts from Goldman Sachs, the leading global investment banking, securities, and investment management firm, claimed that the third wave of the financial collapse, which began in 2008, is rapidly approaching, and debt will be at the root of it.

In a note dated from last week, Goldman said, "Increased uncertainty about the fallout from weaker emerging market economies, lower commodity prices and potentially higher U.S. interest rates are raising fresh concerns about the sustainability of asset price rises, marking a new wave in the Global Financial Crisis.”

It would seem, according to CNBC, that the “emerging market wave, coinciding with the collapse in commodity prices, follows the U.S. stage, which marked the fallout from the housing crash, and the European stage, when the U.S. crisis spread to the continent's sovereign debt.”

Goldman has expressed concerns over emerging markets, lowering interest rates, and downgrades for emerging markets. Top analysts said that the third wave is characterized by rock-bottom commodities prices, stalling growth in China and other emerging-markets economies, and low global inflation.

Some analysts believe that the financial crisis of 2008 never ended, and this “third wave” is simply another stage in the process.

Sources

Krause, Joshua. “Goldman Sachs: The Third Wave of the Financial Crisis Is Upon Us.” The Daily Sheeple. The Daily Sheeple, 12 October 2015. Web. 16 October 2015.

Shaffer, Leslie. “Is EM turmoil the third wave of the financial crisis? Goldman thinks so.” CNBC. CNBC, 12 October 2015. Web. 16 October 2015.

October is National Cybersecurity Awareness Month!

October 9, 2015 – Because we now live in a more interconnected world than ever before, it is important that people are aware of how integrated our global community is and, more importantly, how big a role the Internet plays in everyone’s lives,

To that end, cybersecurity is more important than ever. President Obama has designated October as National Cybersecurity Awareness Month, designed to engage and educate public and private sector partners through events and initiatives with the goal of raising awareness about cybersecurity and increasing the resiliency of the nation in the event of a cyber incident.

The schedule of themes and keystone events for the month can be found on the Cybersecurity Awareness page of the Department of Homeland Security’s website dedicated to the event.

Cybersecurity refers to the protection of information systems from theft or damage to the hardware, software, and any information therein. According to the DHS, cyberspace and its underlying infrastructure are vulnerable to a wide range of risk stemming from both physical and cyber threats and hazards such as disruption or denial of service (DDoS) Attacks, Brute Force attacks, hacking, holding a computer system (or a website) for ransom using direct hack or ransomware, worms, viruses, Trojans, and more.

Late last month, the DHS awarded a five-year, $1 billion cybersecurity contract to Raytheon, a major American defense contractor specializing in weapons, military, and commercial electronics and which has invested heavily in cybersecurity, in the hopes of shoring up the federal government’s defenses against the increasing onslaught of cyberattacks wreaking havoc in the United States. The contract is one of the largest civilian cybersecurity orders in years, according to the Washington Post, and will help more than 100 federal civilian agencies to protect their networks against malicious hackers.

This news is a breath of fresh air following the large-scale cyberattacks against the United States from Iran, North Korea, China, and Russia in the last year along, which are particularly rattling to the American public following the attacks on retailers such as Target and Walmart in the past few years.

In a statement announcing the contract Monday, Dave Wajsgras, president of Raytheon’s Dulles, Va.-based intelligence, information and services business, said that cyber incidents have increased an average of 66% a year between 2009 and 2014.

The Raytheon contract and the protections that the company can afford the U.S. government are increasingly important in the age of the Internet of Things (IoT), where everything is connected to the web. 

CFPB Proposes to Ban Arbitration Clauses

October 9, 2015 – On Wednesday the Consumer Financial Protection Bureau (CFPB) announced a proposal to publish rules that would “ban consumer financial companies from using ‘free pass’ arbitration clauses to block consumers from suing in groups to obtain relief," according to their website. What this means, in short, is that banks, credit card companies, lenders, and broker dealers will not be able to force consumers to sign away their legal rights to take part in class-action lawsuits.

Typically, these clauses are added to contracts to shield companies from lawsuits and lower their legal costs, as signers would not be able to file claims in federal courts and instead would hav to resolve disputes individually through privately appointed arbitrators.

According to NBC News, arbitration clauses have “long been a target of consumer advocacy groups which say they curb legal rights,” while Wall Street banks and similar advocates have historically opposed efforts to curb these sorts of contracts.

These clauses have often been misrepresented as protecting consumers from the necessity of going to court to settle disputes, which is why the CFPB is strongly considering taking action against the kinds of contracts that allow companies to avoid accountability to their customers and consumers.

At a hearing for the bureau in Denver, Colorado, CFPB Director Richard Cordray said, “The essence of the proposals we have under consideration is that they would get rid of this free pass that prevents consumers from holding their financial providers directly accountable for the harm they cause when they violate the law.”

Consumer advocacy groups and legislators have urged the Securities and Exchange Commission (SEC) to write a similar rule, although it has not done so yet, despite the powers bequeathed upon it and the CFPB to restrict or ban arbitration clauses in light of the 2010 Dodd-Frank Wall Street Reform (Dodd-Frank) Act.

The proposals that the Bureau is considering come after a March study which found that “few consumers actually seek individual relief through arbitrations” even though millions are eligible for group settlements.

The benefits of the proposals would include a day in court for consumers, deterrent effects, and increased transparency, to name a few.

An outline of the proposals under consideration is available at the CFPB's website.

Source

Lynch, Sarah. “U.S. consumer watchdog wants partial ban on arbitration clauses.” Reuters. Reuters, 7 October 2015. Web. 8 October 2015.

  • We switched to Banker’s Academy over a year ago from a different online training program. The cost savings was tremendous - which has been very helpful in this time of budget cuts. We found that the training content is precise, to the point, and always current. It doesn't have a lot Read More
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