Businesses are evolving every day and with them, so is rising competition. In this cut-throat business space, upskilling the workforce is the only way to stay in the game.
Processes are changing, and it is imperative to update employees with the latest skills. Corporate learning solutions are training programs that companies design to train their workforce on new processes, tools, technical skills, and other knowledge to keep up with market trends.
Such learning solutions hone and empower the workforce to accomplish tasks and address business demands. Indeed, upskilling benefits the company to meet its goals efficiently and stay ahead of the curve. But upskilling has a positive impact on employees as well.
With technology training, employees gain business knowledge that helps them climb the corporate ladder. When employees learn new skills and enhance their talent, they learn to take ownership, which impacts the overall production and growth of the company.
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In this blog, we will look at corporate learning from different perspectives and understand how you can implement learning solutions for your employees to foster a supportive learning atmosphere.
Table of Contents:
- What are Corporate Learning Solutions?
- Learning Solutions in Business Giants
- Learning Solutions in Small Businesses
- Why Opt for Corporate Learning Solutions?
1.Leads to Talent Recruitment
2.Retains Talent
3.Bridges the Knowledge Gap
4.Offers Higher Business Returns
5.Increases Collaborative Efforts
6.Empowerment of Employees - How to Deliver Effective Learning Solutions?
1.Engaging Content
2.Leverage the 70:20:10 Learning Ratio
3.Spice up the Learning Techniques - To Conclude
What are Corporate Learning Solutions?
Corporate Learning Solutions refer to the programs, strategies, and services designed to enhance the learning and development opportunities for employees within a corporate or business setting. These solutions are aimed at equipping employees with the knowledge, skills, and competencies necessary to excel in their roles and contribute to the overall success of the organization.
Learning Solutions in Business Giants
Business giants have complex processes and a larger workforce. Hence, their corporate learning solution involves structured training that is meted out to employees to push company growth. Since they have more resources to spare, they create customized training materials for different teams and purposes.
Many companies also hire third-party learning and development providers. These learning solutions providers assess learning needs, create teaching content, conduct training, and monitor growth and development. Thus, large-scale businesses can easily outsource their learning requirements and manage their talent recruitment strategies.
Learning Solutions in Small Businesses
Small businesses or start-ups cannot invest too many resources in workforce training. Yet, upskilling is crucial for survival.
Hence, in small enterprises, employees often self-assign mentors from departments they aspire to move to. Learning from in-house staff ensures that these employees learn about company processes and collaboration in detail.
In small businesses, owing to the scarcity of resources, an employee has to take on multiple roles. In the process of undertaking numerous tasks, these employees learn diverse skills in their workplace.
Why Opt for Corporate Learning Solutions?
1. Leads to Talent Recruitment
If your company is known for providing quality learning solutions to its employees, you will gain employees who want to learn.
People want to upskill themselves, and what better way than learning something new while working? When everyone is working on developing those additional skills, any new knowledge acquisition can be a perk that sells your brand to the best talent available in the market.
2. Retains Talent
Chances are your employees are developing new skills while working at your company. Hence, corporate learning solution is a splendid opportunity to support them in this empowerment while investing to drive your productivity.
Learning solutions contribute to employees’ growth, and they feel appreciated that the company is devoted to their development. Hence, they keep on at these companies. Further, as found by LinkedIn, providing corporate training reduces employee resignation by 53%.
3. Bridges the Knowledge Gap
About 87% of businesses are facing a gap in terms of their employees’ knowledge and the skills required to achieve their goals. Thus, companies offer corporate learning to upskill existing employees to take on more tasks rather than hiring new talent.
Learning solutions teach new skills which build employees’ confidence, increasing their engagement and performance at work.
4. Offers Higher Business Returns
With training, employees will better handle tasks and work efficiently with stakeholders and customers. A confident and well-informed workforce converts to satisfied customers. Customer satisfaction, in turn, translates to maximizing profits for the company.
5. Increases Collaborative Efforts
Training offers employees from remote departments and different teams to come together to learn new skills.
Since learning solutions are customized, the approach differs from time to time. Learning solutions also often include team assignments. This helps employees connect and fosters cross-team collaboration.
6. Empowerment of Employees
Offering learning solutions at your enterprise allows employees to discover new skills and imbibe them.
With these newly acquired skills, your employees will be better suited to fulfill their responsibilities, and their success will further motivate them to advance in their careers and perform their best.
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How to Deliver Effective Learning Solutions?
1. Engaging Content
Employees are already swamped with work; boring training materials might seem nothing short of a burden. Yes, people are curious and hungry to learn more. But they also need the right atmosphere and guidance to do the same.
To hold the attention of learners, it is crucial to move away from generic and boring materials and shift to interactive and engaging content specially designed to bridge the skill gap within the company.
2. Leverage the 70:20:10 Learning Ratio
According to this model, 70% of the learning happens while working, 20% occurs through collaboration, and 10% through teaching materials.
Since upskilling happens while employees carry on their day-to-day tasks, the work atmosphere must be conducive to learning.
3. Spice up the Learning Techniques
Businesses have recognized the redundancy of dull and lengthy lectures. For learning solutions to work, organizations must alter their learning strategies by including new methods, tools, and active participation and collaboration.
Companies that create learning solutions can assess the existing teaching materials and vision of the brand and accordingly create teaching content that is interactive, transparent, and effective in empowering employees.
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To Conclude
Corporate Learning Solutions or Corporate Training Solutions are designed to navigate workforce talents and skills to meet company objectives. These learning solutions empower employees with industry-specific and organization-specific knowledge. It enables them to make informed decisions that bring about higher customer satisfaction.
Hurix Digital is a platform that provides engaging learning solutions for software and process training. These solutions effectively inculcate the right instructions to meet your company’s objectives. For more information on corporate learning services from Hurix, visit us here or reach out to us at contactus@hurix.com.
