Corporate training, also known as on-the-job learning, is an activity system devised for employee training. While it benefits employers, it also helps employees because it provides them with the knowledge and skills necessary for professional and personal development.
In the COVID era, corporate training and learning fundamentally transformed into new digital models, such as virtual skills training, non-technical skills training, high-quality training and life skills training- all this being done digitally. Companies worldwide are formulating adaptive work policies, including action plans, telecommunications, and working from home to brace the changes and the challenges that accompany them.
But how have the work-from-home and remote working policies affected the entire industry? And what does the future of this sector look like? Let’s delve into the answers to these questions.
The massive usage of the Internet and mobile devices is a significant trend in today's collaborative training market.
Corporate Training and e-learning During the COVID-19 Pandemic
To keep the show going, training and development professionals improved the corporate training scene in 2020. They leveraged the industry’s capabilities and functions to provide corporate training through online programs without the need for face-to-face communication.
In addition to social and physical restrictions, closures and quarantines to avoid the pandemic forced many companies to direct employees to work from home or remotely. E-modes of training and learning came in handy in this situation for in-house training, allowing employees to rely entirely on online lessons and ideas. Current learning and development strategies address the critical use of technology to maximize e-learning platforms’ use and enable accessible learning and communication methods.
In addition to strategic adjustments, 2020 was also a year that disrupted the traditional corporate training industry. As organizations did not have employees coming into the offices, the physical teacher-directed training became impossible for employers. In the LinkedIn Learning 2020 report on LinkedIn Workplace Learning, 49% of respondents said they did not have time to get the training while being remotely at work, and 94% said they benefited from it, yet they could not take it.
The main problem with remote work is that there is a lot of digital work and presence. Many companies have failed to adjust the new schedule to consider the actual additional screen time, the number of calls. The physical and psychological side effects of employee frustration with the pandemic and drastic changes are also majorly unaddressed. The pandemic has exhausted many companies’ resources, meaning that people are working longer and are naturally resistant to take on anything outside of their regular job projects.
However, many good learning and development professionals in the industry have taken advantage of this environment by implementing strict online part-time strategies. It has propelled some of the new trends and predictions that can be important for future corporate learning.
The top players in the market, including Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd., Skillsoft Ltd., and Wilson Learning Worldwide Inc., are increasingly adopting and promoting new training models for the corporate world for a balanced workflow and boosted work ethic in the time of a pandemic.
Corporate Training Market Environment and Scale – Incentives and Key Trends
The advent of low-cost e-learning modules has been recognized as a critical driver of growth in the corporate training market. The e-learning application reduces employees’ working hours and facilitates the processing, updating, and storage of information. It also reduces the cost of training and encourages low-budget companies to implement e-learning solutions. Market analysts estimate that the market will grow at an annual growth rate of approximately 8% for rapid market growth.
The massive usage of the Internet and mobile devices is a significant trend in today’s collaborative training market. The rapid adoption of digital solutions for e-learning has led to the development of the Internet (IoT) and other devices. Powerful mobile devices or software provide a quick and easy solution for better monitoring participants and their performance. The new balance combines educational technologies with augmented reality (AR) and virtual reality (VR) to reproduce, create, and develop development goals accurately.
What’s in it for Training Businesses to Learn and Act Upon?
Despite the risks, as long as COVID-19 is present, it is best to use the online method of training and teaching to keep employees motivated and equipped. Digital learning can also create creative workers and processes. Granting access to e-training can create exciting opportunities such as online collaboration, additional courses, and learning concepts. Online learning also benefits employees who want to study independently or learn to use social media platforms, regular programs, websites, and educators or with online classrooms.