What Corporate eLearning Solution is Best for My Business?

There are many advantages to investing in online learning solutions. That's probably why almost half of Fortune 500 companies have adopted eLearning solutions. These solutions can make ongoing employee education both affordable and effective. With a corporate eLearning solution, your workforce can improve efficiencies.

Choosing a new business tool is a big investment. Besides the cost, you need to consider the implementation needs as well. That's why it's crucial that the eLearning solution you choose is the ideal fit for your organization.  Here's what you should look for in your corporate eLearning solution:

• Ease of Use
• Meets Compliance Standards
• Provides Flexible Training Options
• Offers Reporting
• Improves Management

Ease of Use

For your corporation to thrive, you need a digital learning platform that is easy to adopt. A recent survey stated that 57% of HR professionals have concerns about their companies’ learning processes. If a solution is too difficult or lessons are too time-consuming, your solution is likely to go unused.

Beyond learners, you have other parties to consider when it comes to a solution’s ease of use. Consider the time and effort put in by your trainers and managers. eLearning solution implementation is often met with unease generated from trainers and solution administrators. eLearning solution implementation can cause pushback by those who will set it up. Trainers must invest time into the software before they can begin training learners.

If you select a simple solution, your trainers can start using it right away. The sooner employees and trainers can use your LMS to its full potential, the faster it starts to pay off.

Meets Compliance Standards

When choosing products, you often compare options based on price, structure, and usability. One vital feature is easy to overlook – compliance. Many organizations must meet compliance standards, like HIPAA and PCI. It’s crucial that your organization meets the required standards with their learning programs.  

Noncompliance carries inherent risk, often with financial ramifications. Failing to meet standards can incur fines, damage to your reputation, and other serious consequences.  

You may be wondering how compliance relates to eLearning solutions. Security is a concern for organizations that store sensitive training materials. If the solution you choose is vulnerable to a data breach, compliance-covered data could be at risk.

User verification is another way the top LMS platforms ensure compliance. If you are storing valuable, proprietary data on your learning platform, there is always potential for a data breach. By requiring secure login credentials, you add a layer of security to your data. 

On a related note, compliance training is a smart way to educate employees. You'll safeguard your organization against non-compliance risks. For many industries, compliance training is a requirement.  With all your data stored on a secure digital learning platform, you’re better equipped to remain compliant.

Offers Flexible Training Options

In an ever-changing work environment, building a lifelong learning mindset is more important than ever. Employees need proper training to ensure they’re prepared to take on new software, processes, or organizational shifts.

At the same time, companies need to update learning programs to facilitate new skill development. Career paths become less linear and more complex. 56% of companies plan to redesign their career models to ensure roles help close skill gaps. To prepare your employees, invest in a flexible corporate eLearning solution.

First, look not only at the solution you’re choosing but the provider that you’re partnering with, as well. Is this provider able to automate content conversion into digital lessons, note cards, and quizzes? Does it offer ways to engage today’s learners like video, group discussion boards, and games?

You should be able to store all your content in a single location, available for all students to access. A provider should have the ability to update your content library as new materials are added.

Finally, you need to ensure that the solution you choose offers flexible on-the-go learning options for your team. Access to training materials via mobile devices is essential in today’s world. Employees won't have a week to carve out of their schedule for training, but they can devote ten minutes here and there.

Optimizes Reporting

Data can provide corporate leaders with valuable insights. You can learn how effective their training is or the strengths and weaknesses of their employees. You can leverage data insights for a more effective learning environment.

With in-person training of the past, each employee’s progress was watered down into single data points: scores on exams. Even today, 37% of HR professionals feel that they lack the analytics capabilities to have a “big picture” of the talent at their company. These scores offer little in terms of strength identification or learning path remediation. Basic scores also fail to account for mitigating factors like study time and engagement along the learning path. 

Now, data can reveal to organizations everything they need to know about learners’ progress. For example, BenchPrep gathers and integrates data in innovative ways. With our solution, you can track all your employees’ learning activities. This provides trainers and leaders an unprecedented level of insight into the progress of each employee. You can also customize data reports on each employee based on your organization’s goals.

These insights can be used to place employees where their strengths can have the most impact. We use data to automate remediation plans and customize learning paths. Learners can address the subjects that may need more attention from some employees than others. This allows employees to have access to the right content exactly when they need it.

Improves Employee Management

Adopting a new training program supports learning, but you’ll reap benefits beyond education alone. Your managers will be better equipped to make informed decisions about employee placement. They can support individuals on their team based on what the data from their learning solution reveals.

You’ll likely see an uptick in employee happiness. It’s estimated that 40% of employees who receive inadequate training leave their job within the first year. A lack of training can come at a high price, especially if it leads to high turnover rates. In fact, employee turnover costs about 33% of an employee’s annual salary. However, effective training methods with your organization can have an impact. And 53% of HR professionals noticed an increase in employee engagement with improved training.

Updating your training software results in growth across your organization. By finding a solution that's easy to use and flexible, you'll empower your employees. And with advanced reporting, you can make informed decisions about your team. Keep these factors in mind as you search for your next business LMS system. 

Do you want to discover more about choosing the perfect eLearning solution for your business? Explore this guide on comprehensive learning solutions.