As the global workplace continues to experience unprecedented change, there is a growing need for corporate training to provide employees with the skills they need to meet these emerging challenges. The demand for workforce development is growing in areas that include new technology introduction, increasingly stringent compliance, enhanced skills demands, and workplace culture and diversity issues.
While some organizations will be able to meet these training challenges on their own, using in-house labor and resources, there will be a large void that will present a significant opportunity for third-party training organizations who can provide these critical services to their clients.
Whereas in the past, classroom-based training was the primary delivery method for corporate training programs, two emerging trends are changing this:
An increasing number of remote workers. A trend that has been on the rise for a number of years but accelerated by COVID-19.
Enhanced and increasing options for technology-based delivery of corporate training.
Together, these trends have made online learning or “eLearning” the preferred option for many corporate training programs, including services delivered by third-party corporate trainers.
The Benefits of eLearning for Corporate Trainers
The emergence of eLearning has created significant opportunities for corporate trainers looking to maximize the revenue opportunities brought about by this growing need for workforce development. These benefits can include:
eLearning removes much of the overhead cost associated with in-person training, such as travel, venue fees, and the printing and distribution of learning materials.
In the past a significant challenge for corporate training organizations was in hiring and onboarding new instructors as their business grew. eLearning eliminates this challenge by enabling program expansion without the need to recruit and deploy additional labor.
While classroom-based training, conducted by a team of instructors, can lead to inconsistent and inaccurate teaching, eLearning helps ensure that all of your clients are receiving the same (current and accurate) learning content and messaging.
Another significant challenge of classroom-based instruction for corporate trainers was the lack of opportunity to efficiently capture and share program engagement and success metrics with their clients. eLearning enables this through embedded technologies for effective data capture and reporting.
Cloud-Based Learning Management Systems for Corporate Trainers
The core technology that drives and supports all types of eLearning programs, including corporate training, is a Learning Management System, or “LMS”. While some companies choose to deploy their LMS on-premises (self-hosted), these tend to be larger organizations that have the in-house resources (both financial and labor) to deploy and manage their own LMS application.
For many small to mid-sized organizations, a better option is a cloud-based LMS as this deployment approach offers a number of significant advantages over on-premises deployment:
Minimal Up-Front Investment
A cloud-based LMS eliminates the need for your company to make the significant capital investment required to “stand up” your own LMS as the infrastructure is provides to you by the cloud vendor.
Ongoing Cost Management
Most cloud LMS offerings working on a subscription-based model, which allows your company to access the features and capacity you need at any given time without overpaying for services.
A cloud-based LMS provides easy scaling to meet your needs as your business grows. And it offers this without requiring your company to deploy any additional software or hardware as this capacity is readily available to you from the vendor.
Security and Availability
A cloud LMS vendor can usually achieve a level of security and system availability that would be very difficult (and expensive) to achieve on your own. These are, of course, critical elements for third-party corporate trainers.
The Benefits of a Multi-Tenant Cloud LMS for Corporate Trainers
Another attribute that can be very beneficial in supporting third-party corporate trainers and their business model is a multi-tenant LMS architecture. With multitenancy, you are able to quickly and easily “spin up” new instances of the LMS application as your business grows and you bring on new clients. And each new instance (portal) is private and secure and offers its own unique branding.
LMS Portals: A Cloud-Based LMS for Corporate Trainers
LMS Portals offers a cloud-based, multi-tenant learning management system that allows our corporate training partners to launch and manage multiple private eLearning environments, all from a centralized console. The LMS Portals system perfectly supports the unique needs of third-party corporate trainers and offers the powerful features you need to build and manage successful training engagements.