Corporate training refers to the process of developing the skills, knowledge, and abilities of employees within an organization to enhance their performance and improve the company's overall productivity and competitiveness.
Corporate training programs can cover a wide range of topics, including technical skills, soft skills, leadership development, compliance training, and more. These programs can be delivered in various formats, such as in-person training sessions, online courses, workshops, seminars, and on-the-job training.
The ultimate goal of corporate training is to help employees acquire new skills and knowledge, stay up-to-date with industry trends, and become more effective in their roles, which can contribute to the success of the organization.
Types of Corporate Training Programs
There are various types of corporate training programs, including:
Onboarding Training
This type of training is provided to new employees to familiarize them with the company's policies, culture, and procedures, as well as their roles and responsibilities.
Compliance Training
Companies must comply with various laws and regulations, and this type of training ensures that employees understand these requirements and how to comply with them.
Technical Training
This type of training focuses on developing technical skills, such as programming, data analysis, or machine operation, that are required for employees to perform their job duties effectively.
Soft Skills Training
Soft skills are essential to workplace success, and this type of training focuses on developing skills such as communication, problem-solving, teamwork, and leadership.
Sales Training
Companies may provide sales training to employees who interact with customers to improve their skills in areas such as sales techniques, customer service, and relationship building.
Leadership Training
This type of training is designed to develop the skills and abilities of current and future leaders within the organization, such as strategic planning, decision-making, and employee management.
Diversity and Inclusion Training
This type of training helps employees to understand and respect cultural differences and promotes inclusivity within the workplace.
Seven Statistics that Prove the Value of Corporate Training
There are numerous statistics that demonstrate the benefits of corporate training. Here are some of the most significant findings:
Increased productivity: According to a study by IBM, companies that invest in training their employees can improve productivity by up to 10%.
Improved employee retention: Research by the Corporate Executive Board (now Gartner) found that employees who receive training and development are 12% more likely to stay with their current employer.
Enhanced employee performance: According to the Association for Talent Development, companies with formal training programs have a 218% higher income per employee than companies without formal training.
Improved employee engagement: A study by the Society for Human Resource Management found that companies that provide comprehensive training programs have a 26% higher employee engagement rate.
Better job satisfaction: A survey by the American Management Association found that 70% of employees who receive training and development opportunities report increased job satisfaction.
Increased revenue: A study by Aberdeen Group found that companies that invest in employee training can see up to a 24% increase in profit margins.
Improved customer satisfaction: Research by the Service Quality Institute found that companies with a strong commitment to employee training have a 10-15% increase in customer satisfaction ratings.
These statistics demonstrate that corporate training is a worthwhile investment for businesses, as it can lead to improved employee performance, increased productivity, and higher profits.
About LMS Portals
At LMS Portals, we provide our clients and partners with a SaaS-based, multi-tenant learning management system that allows you to launch a dedicated training environment (a portal) for each of your unique audiences.
The system includes an embedded SCORM-compliant course authoring tool that enables most anyone to build engaging courses quickly and easily.
We also offer a complete library of ready-made courses, covering most every aspect of corporate training and employee development.
If you choose to, you can create Learning Paths to deliver courses in a logical progression and add structure to your training program. The system also supports Virtual Instructor-Led Training (VILT) and provides tools for social learning.
Together, these features make the LMS Portals platform and content an ideal choice for your corporate training program.
Contact us today to get started or visit our Partner Program pages