Corporate training has proven to be an essential tool for organizational success. Here are some statistics that highlight the importance of corporate training:
Increased Productivity: According to a study conducted by IBM, every $1 invested in online training results in $30 worth of productivity gains.
Better Employee Retention: A study by Gallup shows that employees who are given opportunities for learning and development are 15% more likely to stay with their employer.
Improved Performance: A study by Training Magazine found that companies that invest in training and development have a 24% higher profit margin than those who don't.
Increased Employee Engagement: A study by the Corporate Executive Board (now Gartner) found that employees who feel they are progressing in their career are 20% more engaged than those who don't.
Better Leadership: According to a study by the Harvard Business Review, companies with strong leadership development programs have a 19% higher return on investment than those without.
Improved Customer Satisfaction: A study by The Aberdeen Group found that organizations that invest in employee training see a 10% increase in customer satisfaction ratings.
The Shift to eLearning in Corporate Training
Over the past several years, the availability of powerful new SaaS-based technologies, combined with increasingly remote workforces has led to a shift away from in-person training in favor of online learning (eLearning).
eLearning provides several powerful benefits for corporate training programs.
eLearning allows employees to learn at their own pace and on their own schedule. This is especially useful for organizations with employees in different time zones or with varying schedules.
eLearning eliminates the need for travel and instructor fees, reducing overall training costs.
eLearning is accessible from anywhere with an internet connection, making it easy for employees to participate in training regardless of their location.
eLearning modules can be customized to meet the specific needs of an organization or individual employee.
eLearning provides a consistent learning experience for all employees, ensuring that everyone has access to the same information.
eLearning allows organizations to quickly and easily scale training programs to meet the needs of a growing workforce.
eLearning platforms often provide data analytics tools, allowing organizations to track employee progress and identify areas for improvement.
What is Cloud-Based Corporate Training Software?
Cloud-based corporate training software is an online platform that support eLearning-based programs by providing organizations with a centralized location for managing and delivering employee training programs. This software is hosted on a remote server, which allows organizations to access the training platform from anywhere with an internet connection.
Cloud-based corporate training software typically includes features such as:
Learning Management System (LMS): An LMS is a software application that provides tools for creating, managing, and delivering training content.
Course Creation and Delivery: The platform allows organizations to create and deliver online courses, webinars, and other training materials.
Performance Tracking: The software tracks employee progress and provides reports on completion rates, test scores, and other metrics.
Collaboration Tools: Some platforms offer features for collaboration, such as discussion forums and live chat.
Mobile Compatibility: Many cloud-based corporate training software platforms are designed to be mobile-friendly, allowing employees to access training materials from their smartphones or tablets.
Integration with other software: Some platforms can integrate with other software, such as HR systems or talent management software, to streamline training processes.
The Benefits of Cloud-Based Corporate Training Software
Cloud-based corporate training software offers numerous benefits for organizations and their employees. Here are some of the main advantages:
Cloud-based training software can be accessed from anywhere with an internet connection, making it easy for employees to participate in training regardless of their location.
Employees can complete training modules at their own pace, on their own schedule, which can help to increase engagement and retention.
Cloud-based training software eliminates the need for travel and instructor fees, reducing overall training costs.
The platform can be easily scaled to meet the needs of a growing workforce, making it a flexible and cost-effective solution for training.
Training modules can be customized to meet the specific needs of an organization or individual employee, allowing for a more personalized learning experience.
Cloud-based training software provides data analytics tools, which can help organizations to track employee progress and identify areas for improvement.
Some cloud-based training platforms offer collaboration features, such as discussion forums and live chat, which can help to foster a sense of community and engagement among employees.
About LMS Portals
At LMS Portals, we provide our clients and partners with a cloud-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 social learning.
Together, these features make the LMS Portals platform the ideal cloud-based corporate training software solution for your organization.