Executive Summary: Corporate training is a critical component of organizational success. Employees need to stay up-to-date with the latest skills and knowledge. This is crucial to stay competitive. However, traditional training methods are not sufficient to meet the diverse needs of modern learners. Implementing a robust corporate training platform has many advantages. Organizations can improve employee performance, reduce turnover, and stay ahead in a competitive market. This blog discusses the significance and benefits of corporate training platforms. The article highlights key features that make corporate training platforms effective and efficient. These features can be personalized learning paths, gamification, and data analytics. Moreover, the blog provides a comprehensive list of the top 10 corporate training platforms available in the market. The list contains an overview of each platform’s unique features and strengths.
TechNova, a software development company, struggles to effectively train and develop its remote workforce. The challenge arises from the physical distance between different teams and communication barriers that hinder effective collaboration. Additionally, in-person training opportunities are limited, which makes it challenging to provide hands-on experience. Therefore, employees lack access to specialized expertise and resources. This hinders their skill development and knowledge acquisition.
Despite these obstacles, TechNova is determined to rise to the occasion. By leveraging corporate training platforms with an array of features, the company aims to enhance the training experience. TechNova wants to address the challenges faced by its distributed workforce.
One such feature is analytics and reporting, which allows managers to track employees’ progress in real-time. Another feature is the microlearning content, which breaks complex topics down into bite-sized modules. This makes training easier for employees. Additionally, the platform utilizes spaced repetition techniques to improve long-term retention of knowledge.
After incorporating these features, TechNova can provide consistent training and development to all employees. This is regardless of their location. The platform helped increase employee engagement, productivity, and innovation. This led to significant growth and success for TechNova.
People forget nearly 90% of what they have learnt within just 7 days, unless the concepts are reinforced. That’s why employees swamped with documents, presentations, and classroom sessions are not likely to learn much.
However, time constraints make it difficult to reinforce vast concepts.
What can you do instead? Arm your employees with one concept at a time. Studies show the human attention span is only 8.25 seconds, so keep your training concise.
RapL is your software for that.
The Need for Corporate Training Platforms
- Improving Productivity and Maintaining a Competitive Edge
Corporate training platforms help organizations achieve goals, such as excellent customer service, or increased sales. Corporate training platforms help improve productivity. This is because they provide employees with convenient and accessible training opportunities. This enables them to develop the skills necessary to perform their jobs efficiently. This ultimately improves organizational productivity.
Corporate training platforms help organizations stay up-to-date with industry trends, technologies, and regulatory requirements. Corporate training platforms provide a wide range of courses and modules. These cover relevant industry topics. This ensures employees constantly learn and adapt to changes in their field. Corporate training platforms often collaborate with industry experts. This helps provide cutting-edge content. This content reflects the latest trends and developments in the field. This ensures organizations have access to the most up-to-date information and can remain competitive in their industry. This ensures they are equipped with the skills and knowledge necessary to drive innovation and stay ahead of the competition. - Enabling Continuous Learning and Development
In today’s business landscape, it is crucial for employees to continuously update their skills and knowledge. Continuous learning is important because it enables employees to adapt to changes in their roles. It also helps acquire new skills and stay up-to-date with industry trends. This ultimately increases their value addition to the business. Continual learning impacts the business by improving employee performance, increasing innovation, and creating a culture of growth and development. This in turn drives organizational success.
Corporate training platforms provide a comprehensive and efficient way to enable continuous learning for employees. This is by offering a range of training options. These include online courses, webinars, and workshops that can be accessed anytime and anywhere. Corporate training platforms use learning management systems to track employee progress. They also provide personalized learning paths based on their skill level and job role. This ensures they have the skills necessary to perform their roles effectively. - Standardizing Training and Compliance
Corporate training platforms deliver uniform content. This ensures consistent learning outcomes across the organization. This approach helps maintain consistency in operations. This ensures all employees receive the same quality of training. A standardized approach also enables companies to meet regulatory compliance requirements and maintain a strong brand image.
Moreover, corporate training platforms help organizations address knowledge gaps. This is by identifying areas where employees require additional training. By providing targeted learning resources, corporate training platforms help employees acquire the skills and knowledge to excel in their roles. This leads to improved employee performance and increased productivity.
A standardized approach also means employees can access training resources at their own pace and convenience. This allows them to fit training around their work schedules. This flexibility enhances employee engagement and motivation. This is because employees feel empowered to take control of their own learning and development. - Enhancing Employee Retention and Engagement
A study by Gallup shows that over 20% of staff turnover occurs in the first 6 weeks of employment. By investing in employee development, organizations show they value their staff and are committed to their growth and success. This improves job satisfaction, motivation, and loyalty to the company. Employees who receive regular training and development opportunities are more likely to feel fulfilled and engaged in their work. This sense of engagement translates into improved job performance and higher levels of job satisfaction. This leads to lower turnover rates, as employees are less likely to seek out other employment opportunities.
Offering ongoing training and development helps employees stay up-to-date with industry trends and advancements. This benefits both the employees and the company. The skills and knowledge gained through training help employees take on new challenges and responsibilities. This leads to a more fulfilling and rewarding career.
Corporate training platforms are essential for any organization that wants to remain competitive in today’s business environment. Corporate training platforms can help organizations achieve their goals and drive success. With that, let’s take a look at the benefits of corporate training platforms.
Benefits of Corporate Training Platforms
Cost-effectiveness: Corporate training platforms are cost-effective compared to traditional methods of training. Companies can avoid expenses related to classroom rental, printed materials, and travel costs. Online courses and modules can be accessed repeatedly. This means employees don’t need to attend in-person training sessions every time they need a refresher. With reduced costs, organizations can train more employees simultaneously. They can also provide a more comprehensive training experience. LMS payment options include per learner, per month, with fees of $5 or less for Small-Medium Businesses. There are per-learner, per-use options, with prices ranging from $1 to $10. Per course, features have premium prices for specialized content. Licensing fees can range from $500 to $20,000. These are best for mid-sized or large businesses with internal IT staff. An initial service fee may be required, and vendors may ask for annual payments. The per-learner, per-month option is ideal for SMBs with general training requirements. The per-course option suits compliance-focused industries.
Flexibility: Corporate training platforms offer the flexibility to learn at any time and from anywhere. Employees can access training modules on their mobile devices at their own pace. This flexibility enables employees to complete their training easily and efficiently. This way, corporate training platforms also allow for better work-life balance. This leads to higher job satisfaction. The convenience of mobile learning also means less disruption to daily work activities. This flexibility makes it easier for employees to complete their training. This leads to better performance outcomes and ultimately drives organizational success.
Personalized learning experience: Corporate training platforms can track progress and intervene when necessary. This is essential for managers and top management. By monitoring employee training progress, managers can identify areas for improvement. Based on this, they can offer customized recommendations for more training. This helps ensure that team members are always equipped with the skills and knowledge to drive organizational success.
Scalability: Corporate training platforms can be adapted to the needs of the organization. Companies can easily add new courses or update existing ones. This can be done without the need to train trainers or invest in physical classroom space. The platform can also handle more employees. This is without compromising the quality of the training. Scalability means the organization can expand and train more employees. This leads to improved performance outcomes. Corporate training platforms also allow content to be deployed to thousands of users with just a tap. Corporate training platforms can quickly update and scale training materials. With this, companies can ensure that all new hires receive consistent and effective training, regardless of their location or role in the organization. This helps promote a strong culture and ensures that all employees can contribute to the organization’s success.
Centralization of learning content: Corporate training platforms centralize learning content. This makes it easier for employees to find and access the information they need. With all training materials in one place, it’s easier to manage and update content. Employees can also access the content they need at any time, without trainers or IT support. Centralization of content improves the efficiency of the training process. This leads to better performance outcomes. For example, a salesperson can easily access sales training modules and product information on their mobile device. This allows them to quickly and effectively communicate with potential customers and close deals, without additional training or support.
Measurement of progress and performance: Corporate training platforms can track the employee’s completion of modules. Employees can assess their own knowledge retention through quizzes and assessments. Companies can use this information to identify areas that need improvement. Companies can then develop targeted training solutions. Measuring progress and performance leads to more effective training outcomes, improved performance, increased productivity, better customer satisfaction, and ultimately drives business growth and success.
Benefits of Corporate Training Platforms
Features of Corporate Training Platforms
- Learning Management System (LMS): A key feature of corporate training platforms is the Learning Management System (LMS). The LMS provides a centralized platform to manage training. This includes course delivery, tracking employee progress, and managing certifications. With an LMS, organizations can automate training processes. They can also ensure compliance, and create personalized learning paths for employees.
- RapL: A digital training and productivity solution that offers a modern LMS experience.
- Benefit: Integrates with various business applications and provides adaptive learning experiences.
- Disadvantage: Relatively new in the market and growing in usage.
- Blackboard: One of the oldest LMS systems that offers a comprehensive suite of tools for delivering and managing online courses.
- Benefit: Wide range of features and customization options.
- Disadvantage: Complex interfaces can be challenging for users.
- Moodle: An open-source LMS that is highly customizable and widely used in education.
- Benefit: Free and flexible.
- Disadvantage: Limited support options for organizations lacking technical expertise.
- RapL: A digital training and productivity solution that offers a modern LMS experience.
Content Management System (CMS): A Content Management System (CMS) is another important feature of corporate training platforms. The CMS enables organizations to create, manage, and update learning content. The content can include videos, documents, and interactive media. With a CMS, organizations can ensure that employees have the latest training materials available. They can also track the effectiveness of content, and improve the learning experience. A CMS allows organizations to manage and update learning content in various formats, such as videos, documents, and interactive media. Content can be created by designated teams or individuals, using the user-friendly interface provided by CMS platforms. Regular updates of content modules are essential to keep the training materials relevant and up-to-date. Neglecting to refresh and update content frequently can negatively affect the learning experience and hinder the achievement of learning objectives, resulting in decreased learner engagement, retention, and performance.
Social Learning: Social Learning is a feature of corporate training platforms that allow employees to learn from each other. Social learning is important because it can lead to the creation of knowledge networks within organizations. These can facilitate the sharing and transfer of knowledge and expertise (Wenger & Snyder, 2000). This helps companies grow by improving employees’ skills, increasing innovation and productivity, and enabling better decision-making. Social learning tools include discussion forums, chat rooms, and collaborative learning activities. By promoting social learning, organizations can foster a culture of continuous learning and knowledge sharing.
Gamification: Gamification is a feature of corporate training platforms that uses game elements to make learning more engaging and fun. Gamification can include points, badges, and leaderboards. These motivate employees to learn and track their progress. By incorporating gamification into training, organizations can increase employee engagement. They can also improve knowledge retention, and create a positive learning experience. Incorporating a reward system that ties to the gamification of learning and sharing knowledge can also increase extrinsic motivation among employees. According to the theories of American psychologist David McClelland, individuals with a high need for achievement are driven by external recognition and rewards. Therefore, by rewarding employees with points, badges, or recognition on leaderboards, companies can tap into this need and drive employees to perform better. It is crucial to ensure employees are recognized and rewarded for their work, as this helps maintain their motivation and engagement. This ultimately leads to the growth and success of the company.
Mobile Learning: Mobile learning is a feature of corporate training platforms that allow employees to access training materials on mobile devices. With mobile learning, employees can learn on-the-go. Employees can learn at their own pace, and from any location. Mobile learning also allows organizations to deliver bite-sized training modules. Employees can complete these quickly, which improves retention and knowledge transfer.
Virtual Reality (VR) and Augmented Reality (AR): VR and AR are features of corporate training platforms that provide immersive learning experiences. With VR and AR, employees can learn through simulations and scenarios that replicate real-life situations. These technologies are particularly effective for training in high-risk or dangerous environments. This is because they allow employees to practice without putting themselves or others at risk. Several companies have successfully implemented AR/VR for training purposes. For example, Walmart uses VR headsets to train their associates during promotional events, such as Black Friday sales. Honeywell, an industrial conglomerate, uses AR to train workers in complex processes and equipment maintenance. UPS uses VR simulations to train their drivers on road safety and hazard identification. These real-life use cases demonstrate how AR/VR can provide effective and safe training experiences for employees in various industries.
Features of Corporate Training Platforms
Now, let’s take a look at the top 10 corporate training platforms.
Top 10 Corporate Training Platforms
Platform Name | Core Features | Pros | Cons |
AI-powered adaptive learning, Microlearning content delivery, Gamification features | Personalized learning experiences, Improved engagement and knowledge retention, Time-efficient training | ||
Access to a large library of courses and videos, Personalized learning paths, Social learning features | High-quality courses and instructors, Integration with LinkedIn for skill verification and career advancement, Easy-to-use interface | Limited customization options for organizations, Higher pricing compared to other platforms, Limited course offerings in some specialized areas | |
Access to a large library of courses from top universities, Personalized learning paths, Analytics and reporting features | High-quality courses from top universities, Certification and verification of course completion, Analytics and reporting features for organizations to track employee progress | Higher pricing compared to some other platforms, Limited customization options for organizations, Limited course offerings in some specialized areas | |
Access to a large library of courses, Personalized learning paths, Course creation tools | Wide range of courses covering various topics, Affordable pricing, Course creation tools allow organizations to create their own training content | Quality of courses may vary due to user-generated content, Limited control over course content and customization, No certification or verification of course completion | |
Course creation and delivery tools, Custom branding options, E-commerce features | Easy course creation and delivery, Custom branding options for a personalized learning experience, Ability to monetize courses through e-commerce features | Limited course catalog compared to some other platforms, Higher pricing for e-commerce features, Limited integration options with other tools | |
Course creation and delivery tools, Custom branding options, E-commerce features | Easy course creation and delivery, Custom branding options for a personalized learning experience, E-commerce features for course monetization | Higher pricing compared to some other platforms, Limited integration options with other tools, Limited course catalog compared to some other platforms | |
Content creation and delivery tools, Analytics and reporting features, Sales training features | Customizable content creation tools for sales training, Analytics and reporting features for organizations to track employee progress, Sales training features specifically designed for sales teams | Limited course catalog compared to some other platforms, Higher pricing compared to some other platforms, Limited customization options for organizations | |
Course creation and delivery tools, Gamification features, Analytics and reporting features | Easy course creation and delivery, Gamification features for increased engagement, Analytics and reporting features for organizations to track employee progress | Limited course catalog compared to some other platforms, Higher pricing compared to some other platforms, Limited customization options for organizations | |
Course creation and delivery tools, Custom branding options, Analytics and reporting features | Easy course creation and delivery, Custom branding options for a personalized learning experience, Analytics and reporting features for organizations to track employee progress | Limited course catalog compared to some other platforms, Higher pricing | |
Microlearning content delivery, Customizable course creation tools, Analytics and reporting features | Engaging microlearning content for increased knowledge retention, Customizable course creation tools for a personalized learning experience, Analytics and reporting features for organizations to track employee progress | Limited course catalog compared to some other platforms, Higher pricing compared to some other platforms, Limited customization options for some features, such as gamification and branding |
To sum up, corporate training platforms are the future of workplace education and learning. Corporate training platforms provide advanced functionalities and easy-to-use interfaces. This makes them highly favored among both companies and individuals seeking to enhance their learning journeys. RapL is a leading provider of corporate training platforms. RapL offers high-quality and engaging content that helps motivate learners and foster development. For further information on how RapL can benefit your organization, please contact us at hello@getrapl.com.
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