As the name suggests, corporate training is the type of training that happens in the context of training an organization’s employees. Corporate training can take various formats and it’s used for a multitude of purposes, such as onboarding training, upskilling and reskilling current employees, compliance training, product knowledge training, hard skills and soft skills corporate training.
What’s the purpose of corporate training? We like to think that the most important resource of an organization is its people. And for these people to stay and keep working for your company, you need to invest in them, and learning is one way of doing that. You have to contribute to your employees’ personal and professional development and to their career growth.
The business world is evolving at a rapid pace, and people need to be given all the opportunities to be up-to-date with the latest technologies, information and skills. That’s where corporate training comes in.
You can deliver corporate training programs to make sure your employees are productive and efficient, or to increase confidence and motivation among your people, and even to reduce turnover. The time when people stayed with a certain company only for the salary is long gone, and people are getting used to changing jobs when they feel there’s no opportunity for growth anymore.
Corporate training & eLearning
Why would you use eLearning to deliver corporate training programs when you can just stick to the traditional, face-to-face learning programs? We’ve come up with a few benefits of eLearning that might help you answer this question.
First of all, eLearning helps you reduce your corporate training costs. Let’s take a company with 100 hundred employees, distributed to teams across the country, who need to be trained on a specific topic. The average cost for a 2 day traditional corporate training is €500 per employee, so the cost for 100 people is €50000.
As they are distributed across the country, at least half of them need to travel, which means an average of €100 traveling costs per person, thus €500 cost for traveling. To this, add one night of accommodation, with an average of €100 per night per person, so another €500. That means a total of €51000 for a 2 day traditional training.
With Knolyx, the basic cost to train 100 employees is €550 per month, with 5 hours of webinars and 2 hours of video training included. Let’s say you add 9 more hours of video training so that you cover all the 16 hours included in a 2 day traditional training. That means a total of €8490 for an online training, without wasting any traveling time and with a full month in which employees can access the learning materials.
Also, you can use eLearning to implement a hybrid learning environment across the organization. Online learning doesn’t exclude the benefits of face to face training, but it encourages organizations to make the most of every learning format.
After a 3 day traditional training, organizations can continue the learning process by means of a LMS, uploading learning materials that can be accessed anytime, from anywhere, to boost knowledge retention and to facilitate a more flexible learning, while offering an environment where employees can keep asking the trainer questions for a specific period of time using communities of practice.
Moreover, if you deliver your corporate training programs by means of an eLearning program, you can easily foster connectivity and collaboration between learners, which is a major benefit.
For example, Knolyx can satisfy this need by means of the communities of practice tool, where the trainer can upload resources and materials and the organization can create learning channels where employees from the same department can share learning insights, conduct brainstorming sessions or learn from each other.
To wrap it up, corporate training is a must in nowadays business environment, and our purpose is to make it as easy and effective as possible.