Why You Should Invest in an Employee Learning Platform
Investing in a corporate online learning platform for your business should be a priority. Enhance employee skill development and retention with this investment.
Employee Learning Platforms: Definition & Benefits
Finding and retaining strong talent can be a challenge, especially when the skills your employees need are changing more rapidly than ever. According to the 2022 Learning Workplace Learning Report, LinkedIn members’ skills for the same occupation shifted by about 25% from 2015–2021. At this pace, the skills required for the average job will change by at least 40% by 2025.
So how can you effectively prepare everyone to upskill and reskill, especially when each member of your team needs different skills and has unique career goals? That’s where an LXP, or learning experience platform, can help. An LXP allows you as an L&D professional to deliver various educational courses and training material to your workforce. Keeping your employees engaged and providing them with development tools to succeed are not only beneficial, but essential for employee retention, satisfaction, and growth.
Here, we’ll help you understand the benefits of investing in learning and development platforms so you and your workforce can thrive.
What Is a Corporate Training Platform?
Employees want more than just a paycheck and benefits from their employers—they want to be challenged. The number one driver that workers say defines an excellent work environment is having opportunities to learn and grow. How can you as an L&D professional do this? By offering personalized learning through online platforms.
Learning platforms provide an abundance of training and learning content to your employees. Compared to traditional learning experiences, LXPs are more catered to the individual user and their needs. Learning leaders can use these platforms to put together personalized learning paths that are specially tailored to each of their learner’s unique needs, learning styles, career goals, and interests.
Technology like an LXP can help onboard new employees and continuously give them the necessary knowledge to efficiently perform their roles, diversify their skill set, and even reskill into new roles. LXPs are constantly evolving, too, including their social and community-based features which give learners around the world the space to grow and develop skills together. These newly developed skills can in turn help drive end outcomes, like greater learner engagement and building a culture of learning, that allows employees to advance faster and smarter in their careers.
Benefits of Corporate Elearning
Online learning continues to gain huge popularity in the corporate world. With rapid changes in the workforce alongside countless job possibilities, companies are making it a priority to develop employees, build internal expertise, and increase employee retention.
LinkedIn Learning Hub is LinkedIn’s specialized LXP, complete with an active community that engages members through personalized content and insights. More than a traditional corporate learning platform, it empowers your employees to develop the right skills.
Here are 7 reasons why you should invest in an LXP:
Although there may be an upfront investment, the costs of maintaining an online training platform are significantly less than the infrastructure required for face-to-face teaching. With an LXP, you can reduce or eliminate travel, hotel, rental, equipment, and other staff training expenses—no matter where they reside.
Provide flexible, self-directed experiences
Since the learning experience isn’t bound to a classroom, LXPs keep learners engaged, energized, and personally fulfilled by allowing them to take courses at their own pace. They can even skip courses they’re already well versed in, or spend extra time with materials until they feel comfortable putting them into practice.
An online learning platform makes it easy to keep track of an employee’s progress with courses and how well they performed. Skill development insights and frameworks allow learning leaders to pinpoint gaps and guide personalized development plans to learners.
Upskill or reskill employees
In the 2022 Workplace Learning Report, 46% of L&D leaders indicated upskilling or reskilling employees as a top focus area of their L&D programs. A learning platform can help employees stay updated with company or role-specific developments, improve their performance, and feel empowered to grow, or even to take on new roles.
94% of employees state that they would stay at a company longer if it invested in helping them learn. Doing so can help increase productivity and morale, and in turn decrease turnover.
Knowledge = revenue. 72% of business leaders believe that training is necessary for people to succeed in the workplace. By investing in a comprehensive learning platform your employees could pick up new skills, immediately apply them, and get right back to work.
Address skill gaps
With employees retiring or reskilling, and new team members trying to fill in the gaps, you’ll want to be prepared. An LXP can help ensure the knowledge of experienced employees is documented and passed on to new hires.
A learning platform is no longer just something nice to have—it’s a necessity to help your employees continue to develop skills. Whether you’re a small- or medium-sized business (SMB) or larger corporation, learning and development platforms can provide your employees, partners, and overall organization with continuous learning options, which is vital to achieving goals and remaining competitive.
Utilizing a quality learning platform with exceptional content and features like the LinkedIn Learning Hub can empower your employees to develop the necessary skills to grow, and in turn your business to flourish. From project management to data science to web design, our robust skill-building platform features over 16,000 online courses taught by industry experts.