How companies benefit from corporate training platforms
Companies that fail to provide their employees with learning opportunities through the best corporate training platforms available are at risk of losing their best talent. And in a marketplace that’s facing faster change, newer technology, and an ever-evolving customer landscape, learning and development are critical for any business.
Learning is becoming more of a priority for companies. In fact, training initiatives rose approximately 12% from 2020 to 2021 in the U.S. alone. A learning management system for business (LMS) is an effective, interactive training platform that can help companies develop their employees and keep them up to date on industry trends.
Utilizing a corporate training LMS is advantageous for businesses that want to ensure their employees can adequately perform their job responsibilities. But what should you look for in the best corporate training platform? Let's break down the top benefits you’ll get from an interactive training platform and how to find the best LMS for your business.
What is a corporate learning platform?
Training is nothing new in the corporate world—teams need the skills and knowledge to take on their job responsibilities while ensuring everyone is on the same page. 94% of employees surveyed said they would stay and grow at a company that intentionally invested in their development.
A corporate training system allows businesses to provide on-demand learning opportunities in a digital environment. Also known as a learning management system for business, these training platforms streamline the learning process and allow access to learning materials in digital formats such as videos, audio, and documents.
What can a corporate training LMS do?
Train new employees on company policies and procedures
Onboarding new employees is a critical process for any organization. A learning management system can streamline the onboarding process by providing access to learning materials and resources on-demand, thereby allowing new hires to learn faster and more effectively.
Provide training on specific topics or skill sets
Whether it’s learning new software or understanding industry trends, learning management systems can provide learning opportunities on a variety of topics. Employees can access learning modules at their own pace and learn new skills more efficiently.
Encourage upskilling and reskilling of existing employees
Businesses must prioritize learning and development as the world is changing faster than ever before. A learning management system can encourage upskilling and reskilling of existing employees, allowing them to stay competitive in their roles or seamlessly transition to new ones.
5 benefits of the best corporate training platform
72% of businesses investing in LMS systems report that they’ve established a competitive edge in the market. From improved knowledge retention to increased engagement, leaders can provide employees with the resources they need to remain competitive.
Here are just some of the benefits your company will see after investing in an employee training LMS for corporates.
1. Saves time
Time is money and eLearning requires 40% to 60% less time learning than traditional classrooms. With an LMS, learners can follow self-paced, personalized learning paths whenever they have time. This prevents disrupting their workflow, which leads to lost productivity.
2. Saves money
While an LMS is a significant investment, it also saves your organization money in the long run. Traditional learning requires you to pay a trainer, reserve a location, pay travel expenses, etc. Plus, it takes employees away from accomplishing their work, which is costly. With an LMS, employees can access training content from anywhere.
3. Improves employee retention
According to LinkedIn’s 2019 Workforce Learning Report, 94% of employees say that they would stay at a company longer if their employer invested in helping them learn. Delivering training through an LMS is one solution to increasing employee retention, saving you hiring and onboarding costs.
4. Increases employee engagement
Employees who are engaged at work are more productive, which significantly benefits the business by increasing profitability. A corporate training LMS can offer interactive elements like gamification and collaborative learning to keep employees engaged.
5. Higher knowledge retention
Everyone learns differently, which is why an LMS is so helpful. It delivers training content using multiple modalities, such as videos, audio, and games. By catering to different learning styles, personalizing the learning experience, testing learners’ knowledge, and encouraging practice, employees are more likely to retain information delivered by an LMS.
By investing in the best corporate learning platform, your company can benefit from employee development as well. Since an LMS is a big investment for any company, calculating Learning Management System ROI is crucial. Take a closer look at how to calculate LMS returns step by step.
Upgrade your interactive training platform capabilities with Spoke®
By choosing the right corporate training platform, you can create engaging and effective learning programs that meet the needs of all your employees. With the right features and tools, employees can become engaged with their learning, retain knowledge more effectively, and be better prepared to succeed in their roles.
At Unboxed Training & Technology, we offer a comprehensive learning management system for businesses with all the features and tools necessary to create an effective learning and development program. From advanced tracking metrics to gamification, you can rest assured that your employees will have access to a high-quality learning environment.
With Spoke®, our LMS, you can easily deliver engaging, relevant training content to support your employees throughout the learning process. Request a demo today to learn more about our interactive training platform and how it can help you effectively train your employees.
Get a demo to see how Spoke® Learning Technology Platform can turn your organization into a hub for Skill Agility.