Updated: Apr 25, 2021
As the global work climate continues to increase in complexity, there is a growing need for corporate training to help companies and their employees operate effectively and efficiently. In fact, a recent study by Technavio projects that the corporate training market will experience CAGR growth of more than 10% over the next fours years, adding more than $52 billion of revenue to the corporate training industry.
While some companies will be able to fill this need for training using in-house resources, there will be a giant void left to fill by third-party corporate trainers who can provide the expertise and assistance other organizations will require to navigate, what can be, uncharted waters.
In the past, the only real option for delivering corporate training programs was through in-person, classroom-based training. More recently, however, two trends have emerged that are making classroom-based training difficult to the point of obsolete:
Increasingly remote workforces. A trend that had already been in motion, even before COVID-19
Enhanced availability of cloud-based technologies that provide viable corporate training alternatives
The combination of these forces has led to the emergence of online learning, or “eLearning” as the preferred option for today’s corporate trainers. This preferred model applies to both in-house training organizations and third-party companies that offer corporate training as a service.
And the core technology that supports all types of eLearning programs, including corporate training, is a Learning Management System, or “LMS”.
LMS Options for Corporate Trainers
An LMS is the software application used to build, deliver, and monitor corporate training programs. While LMS software has been available for many years, the technology has seen recent, dramatic improvements that provide two powerful options for corporate trainers, particularly third-party organizations that build business models around the efficient delivery of training.
A cloud-based LMS, offered by a cloud LMS vendor, allows corporate trainers to go to market quickly with a robust offering, without having to make a large up-front investment in the software, hardware, and supporting technologies required to “stand up” your own system.
And in working with a cloud LMS vendor, there is no need for your organization to manage and monitor the application as the cloud vendor takes care of this for you. So your company can focus on selling and delivering outstanding corporate training offerings.
A more recent development in the LMS market is the availability of multi-tenant architecture. Whereas a single tenant LMS dedicates the entirety of the software deployment (and all of its supporting resources) to just one client, a multi-tenant LMS allows you to quickly and securely “spin up” multiple instances of the application from a single deployment. This opportunity to dynamically launch new portals on-demand is extremely well-suited for corporate trainers who are working with multiple clients at any given time and want to offer them separate and unique learning environments.
Common LMS Use Cases for Corporate Trainers
While corporate trainers can leverage an LMS for all types of training programs and client needs, some of the most common use cases include:
New hire orientation and onboarding
Employee skills development and enhancement
Corporate compliance awareness and training
Workplace culture and diversity training
LMS Portals: LMS Software for Corporate Trainers
LMS Portals offers our clients and corporate training partners a cloud-based, multi-tenant learning management system that allows you to launch and mange private eLearning environments (portals) to support each of your unique clients or learning audiences. Using LMS Portals, you can launch and mange new portals on-demand and manage all of these instances from a single, centralized administrative console. And each portal can have its own corporate branding and supporting technologies to create and support a powerful learning experience for your clients.