Updated: Apr 25
As the global workplace continues to increase in complexity, companies of all sizes and from every industry are seeing a greater benefit and return-on-investment (ROI) from corporate training and workforce development. Studies show that those companies that invest in training programs for their employees can expect greater revenue on a per employee basis, as well as an improved bottom line.
Give this growing understanding of the value of corporate training, the industry is expected to grow by a CAGR of more than 10% over than next four years and an increase in overall industry revenue of more than $52 billion.
Over the past ten years of so, many community colleges across the United States have seen the opportunity the corporate training industry offers and have helped to fill this increasing demand for workforce training by offering these services on an outsourced basis.
But as the corporate training industry has evolved, there has been a significant shift away from classroom-based training in favor of online learning, or “eLearning”.
The Benefits of eLearning for Community College Corporate Training
Even before COVID-19, there was a trend underway in which more and more employees were becoming remote workers. This trend, combined with the introduction of increasingly powerful cloud-based technologies, has made eLearning an ideal delivery method for corporate training.
Some of the benefits a community college corporate training department can expect from the utilization of eLearning technologies include:
Classroom-based training, with its need for travel, catering, and sharing of printed materials, carries significant a cost overhead. The eLearning model eliminates these expenses.
One of the primary challenges for any corporate training company is in scaling the delivery as demand for your services grows. eLearning eliminates the need to hire and prepare new trainers and allows for massive scaling by repurposing your existing training materials to new programs and clients.
Most corporate clients today appreciate the convenience that an eLearning-based training program offers as it eliminates the requirement for gathering their staff (and pulling them away from their job duties) and allows them to conduct their learning activities after hours.
The best way to prove the value of your corporate training program is through the use of reporting and analytics that demonstrate the engagement and comprehension your program has generated. While classroom-based training makes it difficult to communicate this effectively, eLearning technologies are well-suited for the capture and sharing of this information.
Working with a Learning Management System
The core technology that supports all types of eLearning programs, including community college corporate training, is called a Learning Management System, or “LMS”. This is a software application for building, delivering, and tracking your corporate training programs.
While there are a number of options available for an LMS deployment, there are two primary features that are well-suited for a community college corporate training program.
A cloud or, “SaaS-based” LMS eliminates the need for any large, up-front capital expenditure for software, hardware, and supporting infrastructure. In working with a cloud LMS vendor, they already have this infrastructure available for your program use and can typically have you started right away.
A cloud LMS vendor will also assume all of the ongoing duties for managing and monitoring the system, so your team can simply focus on selling and delivering great corporate training.
In a typical LMS implementation, a single installation of the software and supporting infrastructure id deployed to support one client. This approach is best suited for organizations that need a single instance of an LMS, solely for in-house employee training.
A better option for community college corporate training programs is a multi-tenant architecture, in which one deployment of the LMS can support many clients through multiple instances of the application. This approach is cost-effective and allows for the dynamic deployment of new, customized eLearning environments (portals) on-demand as you bring new clients into your program.
LMS Portals for Community College Corporate Training Departments
LMS Portals offers a cloud-based, multi-tenant learning management system that allows our community college corporate training partners to launch and manage multiple, private eLearning environments, all from a centralized console. With LMS Portals, you can quickly (within minutes) “spin up” a new portal on-demand and each portal you launch has its own branding, courses and categories, user onboarding, messaging, analytics, and more.