Employee training and development is a critical function for any company, regardless of size or industry. In fact, any company that does not offer an employee training program will struggle to remain competitive. In addition, a lack of formal training makes it more difficult to recruit and keep employees, who see training as an opportunity to further their careers and enhance their value in the marketplace.
Given this, the demand for Learning Management Systems (LMS) is greater than ever. These are the applications used to run corporate training programs. The global LMS Market size, estimated at $15.8 billion in 2021, is expected to grow to nearly $38 billion by 2026, for a CAGR of 19.1%. This growth expectation presents a significant business opportunity for any company that can provide in-demand LMS features and capacity to support their corporate training efforts.
The Benefits of LMS Software for Corporate Training
Learning Management Systems serve as the core technology for developing and delivering corporate training courses. In addition, they provide a framework in which to manage your training program and collect program data for sharing and analysis.
Some of the specific benefits a company can expect in leveraging an LMS for corporate training include:
Reduction in Training Costs
An LMS eliminates the need to bring groups of employees together for training, along with associated costs for travel, catering, and the printing of training materials. It also eliminates the cost of pulling employees away from their job duties to attend training classes.
An LMS can serve as your centralized source from which to build and deliver training and store your corporate training content. This centralized approach helps to ensure that all employees are working with up-to-date training materials for consistency.
Anytime, Anywhere, Access
Training today often takes a contextual form in which employees expect to be able to access the content they need, when and where they need it. An LMS enables this by allowing workers to access training materials using most any type of device and from any place that offers Internet access.
Capture and Sharing of Training Data
One of the main challenges of classroom-based training for learning and development (L&D) teams is in capturing and sharing important data regarding employee participation and training progress. An LMS streamlines this process and allows you to analyze the data in a variety of ways to track the success of your program and identify areas that may need improvement.
What is White Label LMS Software?
White labeling is a reseller opportunity in which the reselling organization partners with the developing company to sell their product and rebrand it as their own. A white label reseller arrange is ideal for any organization that wants to operate under their own branding, but does not have the time or financial resources to undertake product development.
The increasing demand for SaaS-based technologies, combined with opportunities for white labeling can lead to a powerful business and revenue opportunity for a reseller organization. This is especially true for corporate training, where SaaS-based LMS deployments are largely preferred over on-premises deployments.
LMS Portals: White Label LMS Software for Corporate Training
At LMS Portals, we provide our reseller partners with a SaaS-based, multi-tenant LMS that allows an administrator to launch and manage a dedicated online training environment (portal) for each of your corporate clients. Each portal you launch can be branded for your organization or your client’s organization. And each portal includes a powerful course development engine, along with robust tools for user onboarding, learning path creation, group management, live remote training, certificate awarding, analytics, and more.
In addition, we offer our reseller partners access to a library of 140+ ready-made courses, covering most every aspect of corporate training and employee development. Each course is fully brandable and can be customized to meet the specific training needs of your clients.