As the global business world becomes more complex and competition increases in most every industry, companies continue to look to online learning, or “eLearning”, to prepare their employees for new challenges. While in the past, most businesses relied on in-person, classroom-based programs for corporate training, enhanced cloud-based technologies combined with increasingly remote workforces (a trend that is expected to continue well into the future), most organizations now rely on eLearning to serve as the backbone for the corporate training programs.
Fortunately, a well-planned corporate eLearning program has proven to be cost-effective, especially when compared to the expenses associated with in-person training.
The Benefits of eLearning for Corporate Training
Many companies that move to eLearning for corporate training are pleasantly surprised by the number of advantages they discover in this approach.
Cost-Effectiveness
Perhaps the most dramatic benefit that companies gain through eLearning is in the decreased cost, when compared to classroom-based training. The elimination of significant costs that include travel, venue and catering fees, and the costs for printing and distributing training materials add up to make eLearning the more economical approach.
Convenience and Flexibility
eLearning also eliminates the need to bring everyone together in one place at the same time, which is especially beneficial for any organization with a remote workforce. And with eLearning, your employees can access the critical training information they need, at the time and place they need it. This allows for contextual-based training and helps to ensure employee accuracy and effectiveness.
Self-Paced
For students, one of the challenges of classroom-based training is in the need to keep up with the pace set by the instructor. This can be a burden for students who are struggling to comprehend the training material. eLearning eliminates this challenge by allowing students to move through the training material at their own pace. They can even revisit each section multiple times before moving on in the course.
Detailed Analytics
Classroom-based training programs make it difficult for instructors and administrators to effectively capture important data points for future reference. In contrast, eLearning allows for the easy capture and reporting of critical engagement and success data. Regularly reviewing this data can help to ensure that your programs is on-target for closing skills gaps and ensuring your employees are gaining the critical knowledge they need to perform effectively in their job roles.
A Cloud-Based LMS to Minimize Corporate eLearning Costs
The core technology that supports all types of eLearning programs, including corporate training, is a learning management system, or “LMS”. An LMS is the application that is used to build, deliver, and track eLearning-based corporate training programs and employee performance.
In the past, the only LMS option available to businesses was in “standing up” their own LMS on-premises (self-hosted). While this approach presented minimal issues for large organizations with the financial and labor resources to dedicate to their LMS and corporate eLearning initiative, smaller and medium-sized businesses often found this to be very challenging.
Today, most organizations now look at cloud-based LMS platforms offered by third-party vendors. This approach eliminates the need for a large, up-front capital expense and places the responsibility for the ongoing management and maintenance of the system with the cloud vendor.
And most cloud-based LMS offerings are subscription-based, thus allowing your organization to choose a plan that meets the specific feature and bandwidth needs of your organization at any given time.
LMS Portals to Minimize Corporate eLearning Costs
LMS Portals provides our clients and partners with a cloud-based, multi-tenant learning management system to support corporate eLearning programs. As a cloud-based offering, LMS Portals allows you to minimize your corporate eLearning costs while providing each of your eLearning audiences with a private, customized environment (portal) to support learning engagements of any size or length of time. And each portal you launch can have its own branding, user onboarding system, messaging and collaboration tools, analytics engine, and more.
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