Get S.M.A.R.T

At some companies, nonmandatory training is the first thing to be cut when budgets are tight. Not at Commerce Bank. Here, training is a top priority for all employees — 15,000 and growing. In 2006, the year the new Commerce University training center opened in Mount Laurel, N.J., near the bank's corporate headquarters, it filled 46,000 seats with instructor-led classes, and had 110,000 clicks for online courses, meaning each employee took an average of 10 classes per year.

This fits with a business model uncommon in the banking sector. Commerce's 450 branches, from Connecticut to Washington, D.C., and in Southeast Florida, open early, typically 8 a.m., and don't close their doors until late, usually 8 p.m. — seven days a week. Some of its stores do more than 100,000 transactions a month.

The $48 billion bank invests 5 percent of its payroll budget in Commerce U. In 2005, that was roughly double what other financial institutions spent on training, on average, according to the American Society for Training and Development.

“We are a growth company,” says Rhonda S. Costello, dean of Commerce University, “and we add about 50 stores a year. But it's not only store personnel that we train, it's everyone throughout the organization, because infrastructure grows along with our stores. We believe in investing in our team members because the company really is only as good as its employees… and we want our new folks to grow with the company.” New Commerce tellers and customer service representatives start with nine days of training. In addition to that, everyone joining the organization spends their first day at a cultural indoctrination program called “Traditions,” which runs every Monday.

Rather than training, Commerce calls what happens in Mount Laurel — and at 17 satellite facilities — “Get S.M.A.R.T.”, representing the five customer-service principles that drive its corporate culture: Say yes; Make every customer feel special; Always keep your promises; Recovery is divine, to err is human; and Think like your customer.

The building, dressed out in Commerce Bank colors of red and grey, has nearly 64,000 square feet of space, including five technical rooms, eight spacious conference rooms, and a 7,500-square-foot presentation area. Commerce U was designed to resemble the signature Commerce Bank look: It is filled with natural light, bright colors, and dramatic glass, marble, and granite architectural elements. The atrium lobby features a cascading wall of water that soars 28 feet and a curving, chrome staircase that leads to a bridge walkway over the lobby. “We believe in surrounding our folks with an environment of excellence, because it will raise their performance and behaviors,” notes Costello.

In the customer-service representative training room, new recruits sit at a regular desk that is set up just as it would be in a Commerce store, right down to the (fake) money in their cash drawers. “We try to simulate the bank environment so that when they go into the store, it's not a hard transition,” Costello says. “They make transactions, they talk with each other, and they do customer-service scenarios and role-play.”

The two-story WOW! Theater seats 340 people. It has retractable bleachers, flat-screen TVs up above the stage, and an illusionary blue skylight. There is also a full catering kitchen for doing events on site. New hire officers' orientation takes place in this theater within the first 60 days of employment.

Within the conference center are individual classrooms named Magic, Buzz, Creativity, Culture, and Passion. There's also a refreshment area called Surprise and Delight that stocks an assortment of croissants and hot, soft pretzels (a staple in the break rooms of the bank's corporate offices as well) in the morning, and fresh-baked cookies and popcorn in the afternoon. There are also bins with the makings of trail mix and bowls to carry them in. Commerce U also stocks a wide selection of free bottled (Commerce-branded) water and soft drinks.

Every design element in the classrooms was chosen to help learning take place. Some of the tables, for example, were designed with open space in the center for the facilitator to sit or stand while leading discussions. As well, much of the décor reinforces the corporate message. For instance, in one classroom all of the artwork is themed to what the bank calls “slices of life”: blown-up photographs from various Commerce events. And signature “Commerce C” logos can be found integrated into the artwork throughout the building — more than 5,000 of them.

“To me, the most important thing is that everywhere you go in this building, you feel the ‘Wow’ that's part of our customer culture,” says Costello. “We even have fan mail decorating some of the walls that we call our ‘Walls of Wow!’”

More On/meetingsnet.com

How can you maximize the training experience for your attendees? For insight on how adults learn, go to Seven Characteristics of Adult Education.

RSS Share

Want to use this article? Click here for options!
© 2012 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

Search 125,000+ Venues

Search Meeting Space

Find Event Venues with Cvent

The Meeting Planning Blog

Face2Face Latest Posts

Sign Up for Our Free E-Newsletters



Meetings Collaborative

Rate your experience with meeting venues and suppliers.

Facility / Hotel

 
Powered by: Meetings Collaborative
Aega Awards

Latest Webinar

Beyond Marketing: What Else Social Media Can Do for Your Meetings
Thursday, May 24 | 2-3 p.m. EST

Most associations know that online social networks can be handy tools to spread the word about their meetings and events. But social media can do so much more than market. Our social media expert will uncover ways you can leverage social media to discover the educational content your members are craving, engage and energize your community, build relationships, and even simplify your meeting processes. Register Now!

VIEW ALL ARCHIVED WEBINARS

Recent Comments

Powered by Disqus

Back to Top

Explore Our Newsletters


Meeting Planner Survival Guide

Whether you're a novice planner or a veteran, this compilation of must-read articles is your meeting planning resource.

Must-See Meeting Files

Visit the MeetingsNet expert-advice site, where we’ve got top meeting pros on camera answering a variety of your questions as well as a collection of educational—and sometimes offbeat—editors’ pick lists — from the top tech tools to the best books for meeting professionals.

Suppliers/
Facilities/CVBs

MeetingsNet makes it easy to find the CVBs, tourist boards, and facilities you need for your next meeting.

Deal Finder

Special offers brought to you by MeetingsNet.

Find A Job

Targeted to all aspects of the hospitality and special events industry.

SMM PORTAL

Your source for Strategic Meetings Management info and intelligence

Facebook   Twitter   LinkedIn   RSS Feed

Inside Current Issue

May 2011 FIM

May 2012

March 2011 FIM

March 2012

January 2012

January 2012

November 2011

November 2011

July/August 2011

Browse Back Issues