Your workforce plays a key role in the success of your enterprise. At a time when technology is constantly evolving, it pays to invest in continuous employee training to ensure that they are well-equipped to hold ground in an increasingly competitive environment. With this in mind, organizations across the world are investing in online training software to enable their employees to upgrade their skills and knowledge and increase their efficiency and productivity.

Today, there is a plethora of online training software. But what makes one online training software more successful than the other? While the one you select will depend on your unique requirements, there are some best features that all online training software should have.

The advantages of eLearning in the workplace are currently sweeping the globe. Therefore, it comes as no surprise that this industry is anticipated to grow between 2024 and 2028 at a 14.3% compound annual growth rate to reach an estimated value of $153.41 billion. Are you eager to learn more?

This blog outlines the top impacts of eLearning on corporate training programs. Let’s dive in!

Table of Contents:

What is Corporate Online Learning?

Before we get to the list of the best online training platforms, here’s a little bit about what corporate online learning is. It is the practice of receiving education online using a variety of multimedia and Internet-based platforms and tools.

It is also called eLearning, computer-assisted education, web-based learning, and Internet-based learning.

The classrooms are completely virtual.

Numbers Talk

In the fall of 2020, 75% of undergraduate students took at least one online learning course. 44% of undergraduate students only took distance education courses.

The global eLearning market is projected to reach a market size of USD 848.12 billion, including the region of North America, with a CAGR of 17.54%. This shows how well eLearning is performing and attracting investment.

Corporate Online Learning Platforms Vs. Other Alternatives

Understanding how the best online learning platforms vary from other analogous alternatives like learning management systems and online course websites, is crucial before selecting one.

A learning management system (LMS) is an advanced software technology that gives the online learning platform all the necessary resources to run successfully.

An online learning platform is a learner-oriented setting in which students may acquire effective knowledge and new skills. Some top features of online learning platforms are creating quizzes, uploading pre-recorded videos, and grading assignments.

Online learning platforms are equivalent to websites that provide online courses. The difference is that the OLP usually offers greater flexibility than the LMS.

While online learning platforms can include different learning activities, from brief videos to online courses, online course websites are designed only to create courses.

The Impact of eLearning on Corporate Training and Development

Here’s how eLearning is slowly changing corporate online training and development:

1. Individualized Skill Enhancement

Sometimes, you require a certain skill set to be acquired by everyone at work. Every worker, however, has a distinct role and needs to develop in that specific area.

eLearning is suitable since it gives educators the ability to tailor the curriculum and find courses that correspond to the specific requirements of every learner. Workers can focus on improving what they lack or concentrate on developing a variety of competencies.

Executives could gain from eLearning in equivalent ways to their staff members. Enrolling in corporate online training programs will help you learn how to motivate employees and hone your leadership abilities.

2. Increased Employee Retention

In the United States, 3 to 4.5 million workers quit their jobs each month; 94% of these individuals claim they would have continued to stay if their company had provided better learning opportunities. One of the main reasons for premature retirement and work disappointment is the dearth of opportunities for career growth.

Employers not only save money and time when using eLearning, but it also outperforms outdated approaches in terms of increasing worker proficiency and retaining employees. When there are possibilities for live instruction, eLearning provides a more compatible foundational training environment and enables educators to provide greater insight into the topic or coaching.

Employers can select the appropriate training for their position and profession while maintaining the freedom to establish their own goals and instruction schedules with the aid of a learning management system (LMS).

3. Improved Soft Skills with the Use of VR

Virtual reality training in the workplace is a more effective way than traditional training methods to learn and practice a wide range of soft skills.

In virtual reality (VR), students are fully submerged in an authentic virtual world designed to mimic their workplace, allowing them to feel a sense of “involvement.” This indicates that the VR experience is being processed by their minds like that of real life, which enhances the authenticity and memorability of their soft skills instruction.

Additionally, this experiential training improves their long-term retention. As often as necessary, they can practice soft skills in a real-world setting to boost their self-assurance and competence at work.

4. Cost-Effective Learning Solutions

eLearning employee training can replace the requirement for in-person instruction and the associated costs since it is available for workers in and out of the workplace.

In fact, to cut down on transportation costs and other incidentals related to live classes, mobile learning is currently offered by 67% of organizations. Thus, scalability—one of the primary drawbacks of a traditional learning approach—can be addressed by corporate eLearning.

Since job demands are constantly changing, most organizations require that their employees be involved in ongoing training to help them widen their expertise as well as enhance new skills. Therefore, it is cost-effective to be able to modify and customize your eLearning course to fit the training requirements of your staff.

With eLearning, you can easily and affordably update instructional content with current modifications to company policies and procedures.

5. Time-Saving Effectiveness

Yet another benefit is that eLearning significantly boosts time management. Thanks to the rapid deployment of virtual learning resources, eLearning enables your business to get going right away.

(Note that since these internet-based assets don’t need huge cargo or a lot of printed material to distribute knowledge, they are frequently also advantageous for the environment.)

Secondly, since you don’t have to account for the traveling time of your staff to participate in training, eLearning means less time spent out of the office. This spares your staff members the trouble of finding an off-site training facility, as well as the time it would take them to complete another assignment during particularly hectic times of the year.

6. Enhanced Teamwork and Productivity

eLearning solutions for corporate online training make use of gamification. Training becomes a platform for interpersonal communication and team building through gamification. It maintains learners’ motivation to advance by introducing a small amount of friendly competition into the training program.

Employees are encouraged to display the skills of their team and cooperate to win when they are grouped according to their branch, and their growth is evaluated collectively.

Game elements like ranks and dashboards are also providing teams with immediate input on their learning advancement. The outcomes thus speak for themselves. After completing a gamified training program, more than 54% of recent hires say they were extremely productive.

7. Digital Management and Maintaining Records

In terms of company profitability, this is one of the main advantages of corporate online training. Training typically entails hours of nerve-wracking managerial labor, especially in big companies.

Someone must maintain a record of which employees are assigned to what training course, who has finished, who is still working, who has even signed up, and more. In the case of eLearning, employees sign up for corporate online training right away on the LMS, and the rest is easy. Writing instruments, documents, and overflowing ring-back files are not needed.

Administrators can access reports at any moment to see which workers have completed or begun their training, as well as who requires additional encouragement.

8. Enhanced QA (Quality Assurance)

The organization can be completely confident in the training’s content and quality once it has been designed. Businesses can also stop worrying about whether or not all of the important topics will be covered in the upcoming training session. They just need to let the staff members know that their expectations have been upheld.

Regardless of where they work, each worker in the company receives the same high-quality education.

Physical education can foster a lively learning environment, but the channel and the way the course plan is delivered may not be the same at all levels. However, these complications are eliminated with eLearning.

Top 6 Best Online Learning Platforms

Students can study anything they choose online, which is a huge benefit of online learning platforms. They can extend their education further or switch to a different field of study.

They may improve their soft skills and knowledge or sign up for photography, art, or music composition classes. These are some of the best online learning platforms that will prove milestones in their life.

1. Hurix Digital

Hurix Digital is one of the prominent online learning platforms with multiple extraordinary approaches to helping students learn. It designs and develops premium-quality content for learners to meet their requirements.

It offers scenario-based learning, micro-learning, a story-based approach, and gamification as the most innovative ways to help students understand their subjects.

Hurix’s courses address the demands of the students and design a curriculum accordingly that stimulates them to attain command in their subject.

Hurix Digital offers video content based on deep research by experts and puts life into subjects. With the help of top educators in the industry, students stay interested in the courses, their retention abilities increase, and they are driven to learn and explore more.

2. MasterClass

MasterClass is an online learning platform that offers unlimited access to its 180+ top-notch classes costing from $15 to $23 per month. Each class contains 20 video lectures that are a minimum of 10 minutes long.

The classes are categorized as cooking, design & style, acting, photography, sports, writing, government, music, and more.

The lectures are taken by world-class celebrities and VIPs to learn writing and cooking and to help students develop effective leadership skills. Students get feedback from their peers to enrich their evaluation.

World’s best instructors share their knowledge, skills, experience, and passion with the structured curriculum. Students will also have access to their TV and smartphone applications, offline classes, members-only newsletters, and a vibrant global community of members all around the world.

Every course has been created to be understandable for beginners and experienced students. Students may acquire everyday learning, discover new hobbies, and gain practical skills with the continuous launch of new courses.

3. SkillShare

Skillshare offers unlimited access to more than 34,000 premium-quality classes for just $14 per month. Learners who wish to discover new talents or advance their current ones can opt for Skillshare online courses.

The main focus of its courses is on categories like graphic design, productivity, filmmaking, UI/UX design, web design, social media, content creation, marketing, music, crafts, cooking, and entrepreneurship.

The top-rated industry experts, podcasters, designers, YouTubers, artists, chefs, marketers, entrepreneurs, and freelancers allow students to learn from their experience and creative journey.

With a collection of selected classes that build on one another, the Skillshare learning platform is developed to assist you in achieving your learning objectives by providing you with hand-crafted consecutive lessons that will enhance your skill set.

The courses are available from the range of beginner level to advanced.

4. Coursera

One of the most well-known corporate online learning platforms, Coursera, provides hundreds of courses and various learning opportunities, including projects, professional certificates, and degrees from more than 200 prestigious colleges and corporations.

More than 5400 classes are available on Coursera that can be finished in a single day on graphic design, business analytics, Python, and more. These courses help students develop a professional set of skills that emphasize personal development.

The category of courses varies from technical to artistic, like Data Science, Language Learning, Information Technology, Computer Science, Math and Logic, Physical Science & Engineering, Health, Social Sciences, Art, and Humanities.

While some of the courses given by Coursera are free, the lengthier and more complex ones demand a subscription or individual payments. Future employers acknowledge courses as flexible, reasonably priced, and employment-relevant, which makes them more appealing.

5. edX

The most prominent universities, including Harvard, Boston University, Columbia University, and MIT, and organizations have joined hands with edX, an online platform that delivers various courses and learning programs.

edX, formed in 2012, offers more than 3000 interactive courses taught by 160+ content partners. It has taken 100+ million enrollments worldwide for Bachelor’s/Master’s degrees, executive courses, or professional certificate courses.

edX covers more than 30 popular subjects comprising Architecture, Economics and Finance, Artificial Intelligence, Computer Science, Data Science, Business & Management, Healthcare, and many sub-domains.

Students will be given a validated certificate once their course or program has been completed. It has disseminated 1.4 million+ verified course certificates up to now.

A business plan from edX is also available for entrepreneurs, and it can be personalized according to the needs of different teams or organizations. The courses are mostly free, but students need to pay some low fees for more advanced courses.

6. Udemy

Udemy is the most prominent name among online learning platforms, delivering over 213k+ affordable online courses with new additions, where students can learn new talents or work on self-development through soft skills.

Various courses and programs are tailored and provided to students at a minimum cost of just $14. From hundreds of courses available on the websites of Udemy, students can select their area of interest.

The categories of courses are Business, Design, IT, and Software and Personal development, with multiple sub-domains, giving students several options. Top companies also use Udemy to enhance the professional skills of their employees.

Independent teachers developed, produced, and designed the courses on Udemy by simplifying the complex topics and encouraging them to generate ideas through brainstorming. Students can easily schedule their courses according to their requirements anytime, anywhere!

To Wrap Up

Elliot Masie, an educational technology expert, said, “We need to bring learning to people instead of people to learning.”

When you pick from this list of the best corporate online training platforms for your learning needs and get started, you’ll get a first-hand experience of all that we have said in this article.

Keep learning, and keep growing! We hope this helps. For more, you can get in touch with us at Hurix Digital to explore how you can take corporate learning to the next level!

Get in touch today!