The corporate world is an increasingly competitive and fast-paced environment where ever-changing technology shapes consumer expectations. This, coupled with a need for companies to provide differentiated and reliable products and services while operating within regulatory and safety compliance, can put employee performance under constant pressure.
In the corporate world, “complexity” is seen as the level of satisfaction and the number of associated requirements a business must meet in order to achieve customer and employee expectations. This includes the need to embrace advances in technology, work and cultural shifts, and evolving legal standards. In fact, some studies suggest that business complexity has increased by 6x since the 1950s.
To thrive in today’s corporate climate, a business must focus on growth and development as core to its strategy. This includes the area of corporate training and employee development as employees are the most critical asset for any company.
The Benefits of eLearning-Based Corporate Training
Corporate training has proven to be highly valuable for businesses today. In fact, companies that offer continuous employee training and development programs can expect to drive higher revenue on a per employee basis, as well as an improved overall bottom line. And while corporate training can impact most every area of your business, some of the most common content and courses include:
New hire orientation and onboarding
Employee skills development
Compliance awareness
Leadership development
Sales and customer service training
Workplace culture and diversity
In years past, the only real option available to companies wanting to implement corporate training was through in-person, classroom-based training. But more recently, as cloud-based technologies have continued to evolve and workforces have become increasingly remote (a trend that was in place even before COVID-19), online learning, or “eLearning” has emerged as the preferred training approach more most companies.
eLearning leverage electronic technologies (the Internet, primarily) to drive and support corporate training and employee development programs. Some of the benefits of eLearning-based corporate training programs include:
Cost-Effectiveness
eLearning eliminates many of the expenses associated with traditional, classroom-based training, such as travel, venue and on-site instructor fees, catering, and the printing and distribution of training materials.
Convenience and Flexibility
While classroom-based training requires you to pull all of your employee together in the same place at the same time, eLearning allows employees to conduct their training activities at their convenience. It also eliminates the lost productivity associated with pulling workers away from their job duties for training.
Self-Paced
For many employees, the challenge with classroom-based training is in the need to keep up with the pace set by the instructor. eLearning eliminates this challenge by allowing learners to work at their own pace. They can even revisit any particular piece of training content multiple times before moving on to the next section of the course.
Detailed Analytics
While capturing the detailed data regarding your program can be difficult with classroom-based training, many eLearning platforms allow you to collect and review important analytics to understand your levels of user engagement, progress, and success. The ongoing review of this information can guide your learning team as you make decisions regarding the future direction of your program.
Learning Management Systems for eLearning-Based Corporate Training
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, manage, and track your corporate training program. While some companies choose to “stand up” an LMS in their own servers (self-hosted), they tend to be larger organizations that have the resources (both financial and labor) to deploy and manage the LMS themselves.
Today, it is far more common for businesses of all sizes to work with a third-party vendor to access LMS technology through cloud-based delivery. This approach eliminates the need for a large, up-front capital investment and shifts the responsibility for the ongoing management of the system to the cloud vendor.
Another recent development in LMS technology is in the opportunity to deploy a multi-tenant architecture. While a single tenant LMS dedicates the entire hardware and software capacity for use by a single training audience, a multi-tenant LMS allows the administrator to “spin up” new instances of the application in order to provide a private, customized learning environment (portal) for each of your training audiences. This multi-tenant approach offers a logical way to scale and segment your training program while customizing the learning experience for each of your audiences.
LMS Portals: A Multi-Tenant eLearning Provider for Corporate Training
LMS Portals provides our clients and partners with a cloud-based, multi-tenant learning management system that allows you to launch and manage multiple private eLearning portals on-demand, all from a single administrative console. Each portal you launch can be branded for that audience and includes powerful supporting tools for course development, user onboarding, collaboration, analytics, and more.
Visit our Partner Program pages to learn more or contact us today to get started
for free!