US financial services firm Charles Schwab has selected an e-learning package from learning and business performance technology specialist SumTotal Systems to instruct its 14,000 staff in job skills and regulatory issues.
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SumTotal’s LMS 7.1 enterprise learning software offers an enterprise platform solution for analysing, storing and delivering learning, aimed at saving time in workforce development and reducing the costs of staff learning.
Chip Luman, senior vice president, shared services, compensation and benefits at Charles Schwab, said, “SumTotal will enable us to align training with our corporate strategy and business goals to generate bottom-line results.”
Charles Schwab’s move to deploy SumTotal’s e-learning software follows a similar decision by investment banking and financial services firm JP Morgan Chase, which is using it to train 170,000 staff in 20 countries.