Updated: Apr 25, 2021
Today’s business world is competitive and fast-paced environment with increasingly complex technology and growing expectations for employees. In order to compete and remain viable in this challenging landscape, companies must provide their employees with the training they need to perform their jobs effectively. Given this, the corporate training and employee development industry is experiencing tremendous growth.
In fact, a report by Training Industry (a corporate training industry authority), found that the corporate training industry in North America alone is approaching $200 billion with some of the primary areas of training including:
New hire orientation and onboarding
Employee skills development
Core systems and technology training
Workplace culture and diversity
The good news for those organizations that do provide employee training and development programs, is that they can expect to see increased revenue on a per employee basis, along with an improved overall bottom line. They can also expect a decrease in employee turnover and an increased ability to recruit top talent in the marketplace.
The Shift to Corporate eLearning
In years past, the primary approach to corporate training for most companies was through traditional, classroom-based instruction. More recently, however, as cloud-based technologies have continued to improve and workforces have become increasingly remote (a trend that was well underway, even before COVID-19), online learning or “eLearning” has emerged as the preferred approach to corporate training.
Some of the benefits a company can expect from the use of an eLearning approach to corporate training can include:
eLearning eliminates many of the significant costs associated with classroom-based training, such as travel, on-site instructor fees, catering, and the printing and distribution of training materials. And with eLearning, there is no lost productivity cost as employees can conduct their training activities during breaks or after hours.
While classroom-based training requires a significant lead time between the idea and the actually delivery of a program or course, eLearning allows you to move from development to program availability very quickly.
Comprehension and Retention
One of the challenges of classroom-based training is in the fact that each of your employees must keep up with the pace set by the instructor and, unfortunately, not everyone learns at the same speed. eLearning eliminates this challenge by allowing workers to move through their training materials at their own pace. It even provides the opportunity to revisit sections multiple times where required.
Accessibility and Convenience
One of the most powerful benefits of eLearning is in the opportunity to make learning content available to employees at any time and from any place that is convenient for them. All that is required is an Internet connection. This approach allows for contextual learning and ensures that employees can access critical learning materials at the time and point of need.
A White Label Reseller Opportunity for Corporate eLearning
LMS Portals offers our partners a white label reseller learning management system (LMS) to deliver powerful corporate eLearning technology to their clients. The LMS Portals platform provides two distinct and powerful features that make it extremely well-suited for third-party, white label delivery:
As a cloud-based platform, the LMS Portals system eliminates the need for your organization to make large, up-front investments in software and hardware. Instead, you leverage our existing and proven platform with minimal up-front costs. And we take care of the ongoing management and maintenance of the system so that your team can focus of the development and sale of great corporate eLearning programs.
In the past, the only option available for LMS architecture was a single tenant approach in which all of the software and hardware resources were dedicated for just one audience. While this approach does allow a great deal of flexibility, it is best-suited for organizations who plan to use the LMS application for in-house training only.
In contrast, a multi-tenant LMS allows you to “spin up” multiple instances of the application from one infrastructure. This architecture is ideal for white label LMS resellers as it allows you to launch multiple eLearning environments (portals) quickly and easily for each of your clients. And with LMS Portals, each of your clients portals can have its own branding, onboarding system, messaging and collaboration tools, analytics, and more.