Online corporate training and development refers to the use of online technologies and platforms to deliver training and development programs to employees of a company. This type of training and development is designed to enhance the skills, knowledge, and competencies of employees, and to help them improve their job performance and contribute more effectively to the organization's goals.
Online corporate training and development can take many forms, including webinars, virtual classrooms, e-learning modules, videos, podcasts, and interactive simulations. These training programs can cover a wide range of topics, such as leadership development, technical skills, customer service, compliance, and diversity and inclusion.
The benefits of online corporate training and development include greater flexibility and convenience, as employees can access training materials anytime and anywhere, and at their own pace. Online training and development can also be more cost-effective than traditional classroom-based training, as it eliminates travel and accommodation costs.
Growth Statistics for Online Corporate Training and Development
The online corporate training and development industry has experienced significant growth in recent years. Here are some statistics that illustrate this trend:
According to a report by ResearchAndMarkets.com, the global e-learning market size is expected to reach $374.3 billion by 2026, growing at a CAGR of 15.6% from 2021 to 2026.
In a survey conducted by LinkedIn Learning, 59% of HR and L&D professionals said they expect to spend more on online learning in 2021 than they did in 2020.
The same LinkedIn Learning survey found that 57% of employees said they would spend more time learning if their company offered more opportunities to learn online.
According to the Brandon Hall Group's 2021 Learning and Development Benchmarking Study, 64% of companies increased their investment in online learning in 2020, compared to 44% in 2019.
A report by Technavio found that the corporate e-learning market is expected to grow by $38.09 billion during 2021-2025, progressing at a CAGR of almost 13%.
These statistics show that online corporate training and development is a growing industry that is expected to continue expanding in the coming years. As companies increasingly embrace remote work and virtual learning, online training and development programs are likely to become even more important for enhancing employee skills and knowledge.
Types of Online Corporate Training and Development Programs
There are many types of online corporate training and development programs, each designed to meet the specific needs of an organization and its employees. Here are some common types of online training programs:
Compliance Training
This type of training focuses on educating employees on legal, regulatory, and policy requirements relevant to their job function, and ensuring they adhere to these requirements. Compliance training can include topics such as workplace safety, data privacy, anti-harassment, and anti-discrimination.
Technical Training
Technical training provides employees with the skills and knowledge necessary to use specific tools, software, and systems required for their job. Technical training can include topics such as programming languages, database management, graphic design software, and project management tools.
Leadership Development
This type of training helps employees develop leadership skills and prepare for management positions. Leadership development programs can include topics such as communication skills, strategic thinking, conflict resolution, and team management.
Sales Training
Sales training provides employees with the skills and knowledge necessary to sell products and services effectively. Sales training can include topics such as customer relationship management, objection handling, and sales techniques.
Diversity and Inclusion Training
Diversity and inclusion training focuses on creating a culture of inclusivity and helping employees develop an understanding of the importance of diversity in the workplace. This training can include topics such as unconscious bias, cultural competency, and workplace communication.
Soft Skills Training
Soft skills training focuses on developing interpersonal and communication skills that are critical to success in the workplace. Soft skills training can include topics such as emotional intelligence, conflict resolution, and effective communication.
Six Current Trends in Online Corporate Training and Development
Online corporate training and development have become increasingly popular in recent years due to the many benefits they offer. Here are some of the current trends in this area:
1. Microlearning
Microlearning refers to the delivery of training in small, bite-sized chunks, typically ranging from 2 to 10 minutes in length. This approach is gaining popularity because it allows employees to learn at their own pace and in a format that is easy to digest.
2. Gamification
Gamification involves using game elements such as points, badges, and leaderboards to make learning more engaging and fun. This approach has been shown to increase motivation and retention of information.
3. Mobile Learning
As more people use smartphones and tablets, mobile learning has become a popular trend in corporate training. Mobile learning allows employees to access training materials anytime and anywhere, which increases convenience and flexibility.
4. Personalization
Personalization involves tailoring training content to the individual needs and preferences of employees. This approach helps to ensure that the training is relevant and meaningful to each employee, which can increase engagement and retention.
5. Virtual Reality
Virtual reality (VR) training involves creating a simulated environment in which employees can practice real-life scenarios and skills. This approach has been shown to improve retention and transfer of learning to the job.
6. Social Learning
Social learning involves using social media and other collaborative tools to facilitate learning and knowledge sharing among employees. This approach can help to foster a culture of learning and innovation within an organization.
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 built-in, SCORM-compliant course authoring software 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 the ideal solution for your online corporate training and development program.
Contact us today to get started or visit our Partner Program pages