Corporate training refers to the programs and activities a company implements as a means of offering learners the knowledge and skills required to perform their work at a high level. In most organizations today, corporate training is the responsibility of the Human Resources department. However, larger organizations now commonly have Learning and Development groups that handle these responsibilities. In all cases, the group that leads corporate training has responsibility for identifying learning and training needs and developing programs to help drive organizational growth and efficiency through effective employee development.
Although corporate training can impact most every area of your business, some of the most common courses and programs tend to include:
New hire orientation and onboarding
Employee skills development
Compliance awareness
Leadership development
Sales and customer service training
Workplace culture and diversity
The Benefits of Corporate Training
While some organizations struggle to determine the return-on-investment (ROI) they might expect from the implementation of corporate training, companies that offer these programs can expect to see increased revenue on a per employee basis along with an improved overall bottom line.
Some of the additional benefits your organization can expect from the implementation of corporate training include:
Decreased Turnover
Companies that offer employee training and development can expect to have happier and more loyal workers. This is because employees who have access to training tend to feel more valued and in control of their careers.
Increased Efficiency
Targeted and well-designed corporate training programs tend to operate more efficiently, thus driving down costs, decreasing time-to-market for new products and services, and deriving the greatest possible value from their core applications.
Increased Revenues
Corporate training programs that include sales and customer service components can expect to increase customer satisfaction. This can increase customer loyalty (and protect your existing revenues) while helping to drive new customer acquisition.
Enhanced Culture
Finally, corporate training programs can have a positive impact on the overall workplace vibe by creating a culture of success, innovation, respect, and inclusion.
eLearning and Learning Management Systems for Corporate Training
eLearning refers to the use of electronic technologies (the Internet, primarily) to support and drive all types of learning programs, including corporate training. eLearning eliminates many of the high costs associated with traditional, classroom-based training programs, such as travel, on-site instructor and venue fees, catering, and the cost of printing and distributing learning materials. In addition, eLearning eliminates lost productivity costs by allowing your employees to conduct their training activities during breaks or after hours. And eLearning offers a level of convenience and flexibility that in-person training cannot match.
The core technology that supports all types of eLearning programs, including corporate training, is a Learning Management System, or “LMS”. An LMS is the application that is used to build, deliver, manage, and track your eLearning-based corporate training program.
While some companies choose to deploy an LMS on their own servers (self-hosted) they tend to be very large organizations that have the resources (both financial and labor) to take on this cumbersome project. It is far more common today for a company to work with a third-party cloud LMS provider in order to access the features and capacity they need from a learning management system. In addition, working with a cloud LMS vendor shifts the responsibility for the ongoing management and maintenance of the system to the cloud vendor.
LMS Portals: Learning Management for Corporate Training
LMS Portals provides our clients and partners with a cloud-based, multi-tenant learning management system for corporate training. As an LMS Portals administrator, you can quickly and easily launch private, customized learning environments (portals) for each of your unique audiences. And each portal you launch includes robust tools for course development, user onboarding, learner collaboration, analytics, and more.
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