This article will take a look at some of the concerns that are a concern for anyone who is beginning to get started with corporate training and hopes to see the most effective outcomes. What kinds of training for corporate employees are there? What are the reasons you should begin training online? How do you get started? What program do you require? How do you manage the expense of education? Here you can find the solutions to these and other questions that are rife with controversy.
What is corporate training?
The purpose of corporate training is to method to provide learners with the skills and knowledge required to complete their work at a higher quality. It is usually the task of employees of the Learning and Development / Talent teams of larger corporations as well as the Human Resources department in smaller organizations. They are responsible for determining the need for training, preparing training programs, and making them available to employees.
Benefits of Corporate Training
Training for employees is essential for the growth of any company. The employees you employ are the driving force behind your business and assisting them to increase their knowledge and increase their skills in the workplace will improve your company’s performance. Here are four reasons to take note of this.
The right training plan that addresses the needs of your employees makes your employees more efficient and productive. As time passes, these improvements can make your business more profitable.
The training programs can help individuals, as well as teams and departments, work together in a single organizational structure. People who are aware of the role they play in supporting the mission and objectives of their business will be able to distinguish between “my job” as well as “my company’s performance.”
Recent surveys have revealed that the young professionals of today want more than just a job. Generation Y (aged between 22 and 37 years old) especially appreciates employers who provide flexibility, professional growth opportunities, and a sense of mission. They are more likely to switch jobs if they are dissatisfied with their current job.
The temptation to change jobs is costly for employers. An earlier Gallup study revealed costs for replacing employees are usually at least one-half of the annual salary of an employee. It is possible to prevent turnover, and companies have an incentive financially to ensure that employees are active and productive.
Building corporate culture
Training that is of high quality aligns with the corporate values and strategies. Beyond the basics, it shows that a company is willing to make investments in their employees for the long term. For employees, a thorough education conveys that “You are important to us.”
Different types of corporate training programs
Different companies might have different types of training programs, based on their scale, variety, and the particulars of the business. Here’s a list of the most commonly used company-sponsored training:
1. Onboarding and orientation
This type of training takes place immediately after a newly-hired employee joins the company and is continued until they are able to be able to work on their own. The main goal is to simplify the new employee’s adjustment process and help them feel at ease and be more productive.
The onboarding program for training can be very flexible, however, it is usually broken down into two primary sections:
- All new hires must undergo training. It contains general information on the company’s history and mission, vision and values, as well as corporate policies and regulations.
- Training specific to the specific job. It focuses on acquiring the fundamental skills and knowledge required by the new employee to be able to get for the specific job.
2. Training for compliance
Compliance training is typically an element of onboarding, and it is a required type of. It’s typically an official program designed to enforce company policies or guidelines that allow employers and employees to avoid issues in the workplace as well as violations of the laws.
These guidelines and policies typically pertain to specific industries or jobs. The location of the business can influence the areas employees must adhere to and the type of training that is needed. For instance, compliance training could include anti-harassment and diversity programs and workplace safety, business ethics and data protection as well as privacy training.
3. Hard skills training
4. Soft skills training
The way your employees conduct themselves is just as important as what they are taught – which is why training in soft skills must not be ignored. Studies have proven that by acquiring these soft abilities, people will be able to positively impact the success of a company and improve the ROI.
Soft skills pertain to interpersonal interactions and encompass aspects like communication, problem-solving, and making decisions. They assist employees in interacting efficiently and in a harmonious way with colleagues and customers. They are essential to attract new customers as well as improving customer service and forming a strong team.
5. Training in Product Knowledge
Product knowledge is a talent that means that your team members know and are able to confidently communicate to customers about the products you provide: your advantages, features, benefits, and prices. This type of training is typically part of the onboarding process for new employees. It can also be beneficial for employees that need a refresher course about the products and services offered by the company and takes place when an innovative feature or new product is launched to ensure that employees are always up-to-date.
How to organize corporate training
How can an employer design a top-quality training program that is beneficial to everyone in the company? The most effective corporate training is tailored to meet the student at their level of need. Corporate learning should be offered upon demand and offered in various methods.
There are four kinds of corporate training that you could use within your workplace. Let’s take a look at the differences between them and the advantages and disadvantages that each brings.
1. Classroom training with an instructor
Traditional classroom-based education is the definition of “old school” learning. It’s not going to disappear anytime very soon. A survey conducted in 2018 by Training magazine found that 32 percent of companies utilize it for a third of their training.
All participants will recognize it.
- Very easy to give
- It is easy to modify
- Offers a variety of assessment types
- Easy to set up and maintain
- More expensive than other methods of learning.
- Space and instructors must be dedicated.
- There is no standardized learning experience
- The quality can differ depending on the instructor
- A limited number of learners in each session
2. Virtual classroom instruction by an instructor (VILT)
VILT is a 21st-century spin on traditional education by taking learning online. VILT software lets instructors present lectures, display videos, run break-outs, or lead discussions, as well as evaluate the performance of students. The sessions are recorded, and can later be then accessed to be reviewed at a later time.
- Eliminates the need for classroom space
- Learns from the familiar experience of previous learning
- Learners can access the information regardless of where they are
- Supports a variety of different activity types
- It is less expensive over time
- Users may feel disengaged
- You need a reliable internet connection
- Tech issues can cause problems that could eject learners
- Instructors could need to improve their skills.
- More upfront costs to build
3. Online learning
Online learning is the “new standard” to provide corporate-level training. Between 2002 and 2018, the use by companies of online learning increased by 90 percent. “Online learning” or “online learning” could refer to any variety of learning tools, such as microlearning and e-learning modules assessment, games and learning activities, videos, or discussion boards.
- Accessible and scalable globally
- A common learning experience for everyone
- It can accommodate any number of learners.
- Learners meet at their point of need
- The preferred method of learning by many of the younger professionals
- It may take longer than ILT
- It may require ID to upgrade the technology and process of developing content
- Bandwidth can impact access to certain content
- Face-to-face interactions are not as common.
- Could be intimidating for students who aren’t technologically proficient
4. Blended learning
A blended learning method combines classes as well as online learning into one program. By combining these two methods, you can result in a unique learning experience that is a combination of the best qualities of each.
- The world’s largest scale and accessibility
- Opportunities for greater collaboration with learners and connections
- Greater accessibility to learning
- Participants can be flexible in completing assignments
- Increases engagement and enthusiasm for many learners.
- It requires a robust technology infrastructure
- Might be challenging for students who aren’t tech-savvy
- Instructors and IDs might require upgrading
- Learners who aren’t as motivated might struggle to finish work with no assistance from the instructor
Review your existing training and find out if you’re making use of the most effective training techniques for your company. To gain a better understanding of which training method is the most effective to use, check out our article on workplace methods for training.