Top 7 Benefits of Using Corporate Training Platforms for Employee Development

In today's fast-paced corporate world, it's more important than ever for employees to stay up-to-date with the latest industry knowledge and skills. This is where corporate training platforms come in. Online learning platforms have revolutionized how companies approach employee education, providing cost-effective solutions and customized training programs to help employees succeed.

If you're considering incorporating formal training programs into your organization, it's important to understand these programs' benefits. According to a survey by LinkedIn, 94% of employees would stay with a company longer if it invested in their career development.

In this blog post, we'll explore the top 7 benefits of using corporate training platforms for employee development and a few ways how to do it right.

1. Helps you to scale training sessions

As your organization grows, it's essential to have a training platform that can keep up with your training requirements. A scalable training platform can provide consistent, high-quality training for all employees, regardless of location or department. This means that you can train a large number of employees at once without the need for additional resources or expenses.

2. Saves time & money equally

Training programs can be costly, especially when conducted through traditional methods. However, with a training platform, you can save significant money on training expenses. You won't need to pay for travel, accommodation, and other expenses associated with in-person training sessions. Instead, your employees can access training materials online anytime, anywhere.

3. Helps to provide training to cross teams at once

Every organization has unique training requirements, and a one-size-fits-all approach is not always effective. Corporate training platforms offer a wide range of customizable options to help you create training programs that meet your organization's specific needs. You can choose from various training modules, tailor training content to specific roles, and create training plans based on individual employee needs.

4. Employees can access training at per own convenience

With a training platform, you can provide your employees with 24/7 access to training materials. This means they can learn at their own pace, whenever and wherever they want. This accessibility can be particularly helpful for employees who work remotely or have irregular schedules.

5. Provides consistency in all the areas of development

Training consistency is essential for ensuring that all employees have the same level of knowledge and skills. Corporate training platforms provide a consistent employee training experience, regardless of location or department. This can promote a unified organizational culture and improve employee engagement.

6. Track results at every touchpoint

Training effectiveness can be difficult to measure through traditional training methods. However, with a training platform, you can track employee progress and assess the effectiveness of your training program in real-time. You can use this data to make informed decisions about future training programs and to identify areas where additional training is needed.

7. Boosts employee retention

Investing in employee development is an investment in the future of your organization. Employees who feel valued and supported through training programs are more likely to stay with the company long-term. This can help reduce employee turnover rates and ensure your organization has a stable, dedicated workforce.

Now that you know the advantages of utilizing a training platform, it is essential to understand how to leverage its potential fully. While acquiring a training platform, it is imperative to carefully analyze your needs so that you choose the right training platform for your employee development!

i. Define your learning objectives:

It is important to clearly define them to create a targeted and effective training program. According to the Association for Talent Development (ATD) research, companies with well-defined learning objectives are more likely to have a successful training program. For example, you can create a training program with modules that teach effective communication, conflict resolution, and problem-solving skills to improve customer service skills.

ii. Choose the right content:

Selecting relevant and engaging content is crucial for an effective training program. According to research by Deloitte, employees are more likely to engage with interactive, visually appealing, and personalized training. For example, you can use videos, animations, and infographics to make your training content more engaging and memorable. You can also personalize the content by tailoring it to your learners' specific needs and preferences.

iii. Utilize multimedia resources:

Incorporating a variety of multimedia resources can enhance engagement and retention in your training program. According to research by the eLearning Industry, video-based training can increase information retention by up to 60%. Similarly, interactive modules and simulations can provide a hands-on learning experience that is more effective than traditional classroom training. For example, you can use simulations to provide learners with a safe environment to practice real-life scenarios and apply their skills.

iv. Encourage collaboration and interaction:

Fostering a collaborative and interactive learning environment can improve knowledge sharing and retention. According to the University of Central Florida research, learners who collaborate with peers and instructors are more likely to achieve their learning goals. For example, you can use discussion forums, group assignments, and peer-to-peer feedback to encourage learners to share their knowledge and insights.

v. Monitor progress and performance:

Regularly tracking and assessing the progress and performance of your learners is important to determine the effectiveness of your training program. According to research by the ATD, companies that regularly evaluate their training programs are more likely to achieve their learning goals. For example, you can use quizzes, assessments, and surveys to measure learners' progress and gather feedback on the effectiveness of your training program.

vi. Continuously update and improve the program:

It is important to keep your training program up-to-date and relevant for its long-term success. According to research by the Brandon Hall Group, companies that continuously update their training programs are more likely to impact employee performance positively. For example, you can incorporate feedback from learners and trainers to improve the content and delivery of your training program. You can also update the program to reflect industry or organizational goals changes.

Conclusion

Training platforms for corporate have become essential in today's fast-paced business environment. By leveraging the latest technology and e-learning methodologies, organizations can deliver effective training programs that improve employee skills and drive business growth.

According to research by the eLearning Industry, companies that use e-learning tools and technologies can increase employee productivity by up to 50%. As such, companies need to invest in a robust training platform and optimize its features to achieve the best possible outcomes. As expert consultant Bill Cushard advises, "Investing in a learning platform is not just about buying software; it's about committing to a new way of training and developing employees."

By optimizing the features and capabilities of a training platform, companies can create a culture of continuous learning and growth that benefits employees and the organization.