There are so numerous benefits associated with corporate training and employee development programs for both employers and employees. In fact, many companies today believe they would not be able to remain competitive without the availability of effective training. In addition, there is a growing sentiment among corporate leaders that they owe it to their workers to provide them with the tools and resources to help them develop and grow valuable skillsets to impact their professional momentum and value in the marketplace.
What is Corporate Training?
Corporate training refers to the process and activities associated with training employees using various types of learning programs. Not only does today’s increasingly complex work environment demand well-planned training programs, but a growing number of workers expect an investment in their knowledge and skills from employers.
Some of the benefits your company can expect from its corporate training program include:
Increase Revenues
Corporate training, and sales training in particular, can have a significant impact of your organization’s top line revenues. A well-trained sales team will be better equipped to develop, and close new opportunities and identify new revenue avenues for the company.
Improved Bottom Line
Along with increased revenues, effective corporate training can improve your company’s cost management and overall efficiency, leading to increased profits.
Enhanced Recruiting
As mentioned, many workers today expect an investment in their career growth from employers. Given this, the availability of corporate training can serve as an effective tool for recruiting top talent.
Decreased Turnover
A number of reports have shown that, in offering corporate training, your company can expect a decrease in employee turnover. This is because workers who believe their employers are taking an active interest in their career growth are more likely to stay for the long-term.
Increased Camaraderie
An interesting fact that has emerged from studies is that employees tend to gain an increased sense of camaraderie from participation in corporate training, leading to an enhanced corporate culture and an overall improvement in organizational performance.
The Emergence of eLearning for Corporate Training
In the past, the foundational approach for a company’s corporate training program was classroom-based, in-person training. However, in recent years, the emergence of SaaS-based technologies, combined with increasingly remote workforces, have made electronic learning, or “eLearning” the preferred approach to corporate training. Unlike in-person training, eLearning-based programs have no need for travel, lodging, instructor, and venue fees. eLearning also eliminates the costs associated with printing and distributing training materials.
And with eLearning, your employees can conduct their training activities at their own pace, at any time an place that is convenient for them.
Learning Management Systems for Corporate Training
The core technology that supports any type of eLearning program, including corporate training and employee development, is a Learning Management System, or “LMS”. An LMS is the application that is used to build, deliver, manage, and track your eLearning-based training program.
While some organizations choose to “stand up” an LMS on their own servers, most companies today prefer to work with a SaaS-based provider to access the features and capacity they need in an LMS, without the need for a large, up-front capital investment. And with a SaaS-based LMS, the vendor takes responsibility for the ongoing management, maintenance, and upgrade of the system.
LMS Portals: A Turnkey Corporate Training Solution
At LMS Portals, we provide our clients and partners with a SaaS-based, multi-tenant LMS that allows an administrator to launch and manage a dedicated eLearning environment (portal) for each of your unique training audiences. Each portal you launch includes a powerful course development engine, along with robust tools for user onboarding, learning path creation, group management, live remote training, analytics, and more.
We also offer a turnkey solution to corporate training by offering a library of 140+ ready-made and brandable courses, covering most every aspect of corporate training and employee development.
Contact us today to get started or visit our Partner Program pages