Updated: Apr 25, 2021
Employees today are looking for ways to increase their knowledge and develop skills that will help them excel in their current job role and increase their overall value in the marketplace. In fact, job candidates now prefer to join companies that offer ongoing training and development programs to their workforce as these programs can bring tremendous value, not just to the organization, but to the employees themselves.
Numerous studies support this and predict that the global corporate training market will grow by nearly $53 Billion between now and the year 2024. This growth represents a fantastic revenue opportunity for any organization that can add value to the mission of a corporate training manager, by providing content, services, and technologies to support their training efforts.
The Benefits of eLearning-Based Corporate Training
The evolution, over the past ten years of so, of robust and affordable cloud-based technology, combined with increasingly remote workforces, has made online learning, or “eLearning” the preferred approach to corporate training for many, if not most, companies today. In addition to offering an increased level of flexibility and convenience, eLearning eliminates many of the factors that made traditional, in-person training an expensive endeavor, such as travel, lodging, catering, and the printing and distribution of training materials.
In addition, eLearning eliminates the cost associated with pulling employees away from their job roles for training activities, and it allows employees the flexibility to learn at their own pace at any time and from any location that is convenient for them. All that is required is an Internet connection.
Learning Management Systems for eLearning-Based Corporate Training
The foundational technology that supports all types of eLearning programs, including corporate training, is a Learning Management System, or “LMS”. An LMS provides the infrastructure to build, deliver, manage, and monitor an eLearning-based corporate training program.
Most companies today choose to work with a third-party vendor to access the LMS features and capacity they need in a cloud-based delivery. This approach eliminates the need for a large, up-front investment to deploy an LMS on your own servers and shifts the responsibility for the ongoing management and maintenance of the system to the cloud vendor.
A more recent advancement in LMS technology is in the availability of multi-tenant architecture, which allows a program administrator to “spin up” new instances of the application on-demand in order to provide a customized, dedicated eLearning environment (portal) to each of your specific training audiences. While many types of organizations can benefit from a multi-tenant LMS, the architecture is particularly well-suited for:
Third party training and consulting firms that want to offer training technology to their clients by deploying multiple, branded eLearning portals.
Customer experience programs in which your company offers product and services training to your clients and wants to segment the program across dedicated portals.
Extended enterprise training programs in which the goal is to offer training, not just to internal employees, but also to channel partners, suppliers, and other external entities.
The LMS Portals Corporate Training Reseller Partnership Opportunity
LMS Portals provides our reseller partners with a cloud-based, multi-tenant learning management system that allows you to launch and manage private eLearning portals for your clients instantly, on-demand. Each portal you launch can have its own unique branding elements and includes supporting tools for user onboarding, learner collaboration, analytics, and more.