A growing number of financial institutions are developing dedicated learning centres for workers
The new BMO Academy – a learning centre for the bank’s 54,000 employees – is located at Yonge Street and Dundas Street West and has a striking view of Toronto’s CN Tower.Investing in employees’ skills is becoming a top priority for companies looking to stay competitive. And Bank of Montreal is at the forefront of this trend with its new BMO Academy – an innovative hub in the heart of downtown Toronto that’s designed to support the development of the bank’s 54,000 employees.
The new learning centre is part of an entire floor of tech-rich conference rooms and meeting spaces that are dedicated to employee skill-building in BMO’s new downtown Toronto office building. The new BMO Academy is part of a national trend of companies creating dedicated in-house training and conference spaces, says Philippe de Villers, chairman of the board of the Order of Chartered Professionals in Human Resources of Canada, which represents 32,000 HR professionals.BMO Academy’s auditorium seats 500 people and has a wall of video screens that allows an unlimited number of employees to dial into large meetings remotely.
While small and medium-sized enterprises may not be able to invest in a full-time training space, they should consider expanding their workplace learning options so they don’t lose their competitive advantage, says Tricia Williams, director of research at the Future Skills Centre – a consortium of partners including Toronto Metropolitan University and the Conference Board of Canada.
Meanwhile, the BMO Academy is on an upper floor of the recently opened BMO Place, located at the corner of Yonge Street and Dundas Street West. The building was originally Eaton’s flagship department store and remained vacant after Sears moved out in 2018.
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