Corporate eLearning refers to the use of electronic technologies (typically, the Internet) to implement and manage employee training and workforce development programs. As the global markets become more competitive and corporate workplaces increase in complexity, the need for effective corporate eLearning has grown. In fact, the corporate eLearning market size (valued at roughly $64 billion in 2019) is expected to grow CAGR 9.16% by 2025.
While corporate eLearning can impact most every area of an organization, the most common programs and courses include:
New hire orientation and onboarding
Employee skills development
Application and operations training
Sales and customer service training
Workplace culture and diversity
Outsourcing for Corporate eLearning
As the need for corporate eLearning has grown, an increasing number of organizations have turned to third-party organizations to outsource the development and delivery of these programs. Supporting this was a recent study that found that, on average, companies now allocate more than 40% of their budget on outsourced eLearning services.
The reasons that companies are increasingly turning to outsourced corporate eLearning include:
Many companies find it to be more cost-effective to outsource their corporate training to third-party experts, rather than build and deliver it themselves.
Through outsourced corporate eLearning, your company gains access to industry experts for the development and delivery of the training program.
Time to Delivery
Third-party outsourced delivery offers a much quicker turnaround than having to build and delivery corporate eLearning programs in-house.
Third-party corporate eLearning organizations typically offer access to state-of-the-art eLearning technologies, eliminating the need for the company to make those investments.
Outsourcing your corporate eLearning allows your company to gain access to expert training resources while maintaining your core focus.
SaaS LMS for Corporate eLearning
The foundational technology that supports all types of eLearning is a Learning Management System, or “LMS”. An LMS is the application that is used to build, deliver, and track corporate eLearning and training programs. While LMS technology is not new, recent years have seen the introduction of several LMS delivery and architecture options that are very well-suited for third-party corporate training organizations.
A SaaS-based LMS is an application that is hosted by a third-party vendor and typically offered on a subscription basis. This approach eliminates the need for a large, up-front capital investment and shifts the responsibility for the ongoing management and maintenance of the system to the cloud vendor.
Some SaaS LMS vendors offer the ability to “white label” their offering. This can be very valuable for third-party corporate eLearning and training providers as it allows them to make it look like the technology is their own, thus enhancing their brand.
Multi-tenant architecture is a relatively new option in the LMS arena. Multitenancy allows you to “spin up” new instances of the LMS application in order to provide private, customized eLearning environments (portals) for each of your corporate clients.
LMS Portals: White Label SaaS for Corporate eLearning
LMS Portals provides our third-party corporate eLearning and training partners with a SaaS-based offering for white label LMS. In working with LMS Portals, you can launch and manage new, private eLearning portals on-demand to uniquely support each of your corporate clients. And each portal you launch can have its own branding, learning categories, courses, user onboarding, collaboration tools, analytics engine, and more.