Updated: Apr 25, 2021
A Learning Management System (LMS) is one of the foundational technologies that supports eLearning and corporate training. As a market, eLearning has been experiencing tremendous growth in recent years and this trend is expected to continue into the foreseeable future. In fact, analysts expect the market to grow at a CAGR of more than 14% from 2019-2025. The ongoing coronavirus (COVID-19) accelerated the growth of this market as an increasing number of organizations are moving to virtual a learning experience for their students.
eLearning for Corporate Training
Business owners and executives from companies of all sizes and most every industry continue to see the importance of educating their employees. But while corporate training is a critical exercise, it can be extremely expensive and difficult to fit into the schedule of your busy employees. As cloud-based technologies have continued to evolve, eLearning has emerged as a cornerstone of all types of corporate training and learning.
Some of the benefits of moving from traditional, classroom-based training to eLearning include:
eLearning eliminates many of the cost-prohibitive factors associated with classroom-based training, such as travel, lodging, venue fees, and the cost for on-site instructors. And with eLearning, there is no need to incur expenses around the printing and distribution of training materials.
With classroom-based training, it is difficult to know whether instructors are delivering consistent and accurate materials and messaging. eLearning allows for the use of a consistent set of materials and program delivery to ensure that all employees are getting up-to-date information, delivered in a consistent way.
eLearning offers a higher-level of convenience (for both students and instructors) than is possible with classroom-based training. eLearning allows students to conduct their training activities at any time and from any pace that is convenient for them. An Internet connection is all that is required to access corporate learning and training.
For many students, one of the challenges of classroom-based training is in the need to keep up with the pace set by the instructor. With eLearning, students can learn work through learning materials at their own pace, spending as much time as necessary on important or challenging sections.
eLearning allows corporate training administrators to capture a level of detailed data that is not possible with classroom-based training. This ability to track user engagement and success while identifying areas of concern or frustration is extremely valuable as you work to grow and enhance your training program over time.
Types of Corporate Training
While eLearning can be applied to just about any area of corporate training, some of the most common use cases include:
New Hire Orientation and Onboarding
Training programs to help new employees become acclimated to your company, as well as the systems and processes they will need to succeed.
eLearning and training programs are often used to teach employees the specific skills they will need to maximize their contributions to your company and to make them more valuable employees.
The development of training programs that can help to identify and cultivate the future leaders of your company is another great use case for eLearning.
Today, most every company operates in an industry that is subject to state or federal rules and regulations. eLearning can be used to create employee awareness of the rules that apply to them in their job roles and how to operate effectively within these guidelines.
A Learning Management System for Corporate Training
An LMS is the software application that is used to build, deliver, and track all types of eLearning programs, including corporate training. While an LMS can be housed on-premises, the growing trend in corporate training is for the company to leverage a cloud-based LMS, offered by a third-party vendor. This approach minimizes the up-front costs associated with launching an LMS for corporate training and ensures that they company is always using a state-of-the-art LMS.
LMS Portals: White Label Learning Management System
LMS Portals offers a cloud-based, multi-tenant LMS that our partners can white label and sell to their clients on a subscription basis. Using LMS Portals, you are able to launch and manage customized, private eLearning environments on-demand to support the needs of your clients. And each portal you launch will have its own branding, user onboarding, messaging and collaboration tools, analytics, and more.