Training for Corporate
What trainings does your employee need? Is the training generating outcomes? What is the ROI from investments in training? Which training will work best for your company? As an L&D Professional, are these few of the questions which come up to your mind when you think of opting for a training program for your company?
Let us look into the methodologies used by Learning and Development professionals, the training expenditures of organizations, the challenges to implementing effective employee learning and development programs, the adoption of new technology, and more.
Let’s get you started with why training provided by some organizations aren’t effective as it should be-
According to Harvard Business Review, although organizations spend more than $350 billion globally on training, they are not spending their money effectively. Just consider these stats:
- 70% of employees report that they don’t have mastery of the skills needed to do their jobs;
- Only 12% of employees apply new skills learned in L&D programs to their jobs; and
- Only 25% of respondents to a recent McKinsey survey believe that training measurably improved performance.
- 70% 70%
- 12% 12%
- 25% 25%
Understanding the problem is always important before diving into a solution. Let’s understand what can be done to make your training more efficient while employees can learn what they want to. Choosing whether to provide classroom-led training or Instructor-Led Training, an L&D professional must consider the size of the organization because according to the 2019 Training Industry report, Instructor-led or classroom-based training remains as the delivery method preferred by small, midsize, and large companies.
The trend in training delivery has evolved over the years from Instructor-led classrooms to utilizing online platforms, such as Learning Management Solutions (LMS).
As per a study by LinkedIn Learning 2018, Online learning solutions are on the rise and more preferred by talent developers as these are more flexible, considering the schedule and learning pace of employees.
- 68% of employees prefer to learn or train in the workplace;
- 58% of employees prefer to learn or train at their speed;
- 49% of employees prefer to learn or train when necessary.
- 68% 68%
- 58% 58%
- 49% 49%
While we don’t deny that classroom training is effective but we also cannot ignore the fact that eLearning is the future of the training world and how effective it is proving in shaping up the employees in the Post-Globalization Corporate World.
Apart from being cost-effective, another area where eLearning is becoming a hit is its capacity and its accessibility. eLearning can be accessed at learners’ convenience – research shows that the modern learner spends 33% of their time in meetings already. They want to learn as needed, anytime and anywhere. Not be constrained with a date and time.
Why Brihha in Corporate
Brihha LMS is designed to weave the end-to-end learning process on its versatile platform through practical and engaging modules for various industries. With the changing era, BRIHHA proves to be an effective Learning Management System for Corporates that has enabled organizations to evolve quickly and adopt new learning solutions.
Brihha is a suite of products that gives remote access to existing content, the ability to create/upload fresh digital content, Conduct Assessment/Survey, Live chats, AR/VR-aided learning which simulates complex environments, to Gamified learning solutions. Brihha LMS Software for Corporates extends the end-to-end support for all learning needs of the Enterprise.