Companies recognize the importance of providing employees with constant training amid a rapidly changing business world in an era of technological advancements. But something is holding them back. The costs of adopting a learning experience platform (LXP) for employees’ training and development concern most companies. After all, equipping programs aimed at taking employees to a highly productive level consumes time and money. Not to mention the ongoing need to create or update learning content and courses, and housing them all in a single LXP that comes with all the best functions.
Are the costs worth the investment?
A study by the International Success Academy found that employee productivity is increased by about 30% for every dollar spent on training. Moreover, companies investing at least $1,500 on employees every year achieve almost a quarter revenue boost.
Workers who perform poorly can impact your business and bottom line. In fact, data collected by the American Society for Training and Development (ASTD) reveals companies with comprehensive training gain up to 218% higher income per employee compared to those with inadequate training.
Below are 5 ways how corporate LXP software improves productivity:
1. It delivers effective training to employees
What some employers fail to realize is the importance of providing corporate training to workers regularly. Offering employees with constant training can boost productivity. It provides employees with the right information and skills necessary to become more productive. Moreover, it teaches them the proper way to utilize their strengths in their day to day tasks.
Corporate LXP software is the perfect tool for the job. It enables you to create several training programs and levels, some for advanced employees and others to help involve new staff. The technology makes it convenient for you to grant access to every program only when your team is ready and has satisfied every pre-requisite courses.
2. It increases employee engagement
Enabling mobile learning is among the most significant ways LXP software improves employee engagement. The mobile learning features of most LXP software allow users to participate in training round-the-clock, wherever they are.
Flexibility is a crucial reason why employees are joining a workplace in the first place. Extending it to training enables employers to improve employee experience and could even attract more competent talent in the future. eLearning software statistics also prove that it saves employee time for up to 40 to 60%, which frees them to do other crucial tasks.
3. It opens communications
When employers offer corporate training opportunities to their employees, it can open up a new communication channel. When the management provides you a chance to upskill yourself, it’s a gesture that could blur the line between the boss and the employee slowly. It is among the exciting benefits of creating a trusting workplace environment made possible by elearning system.
4. It improves collaboration
The best learning experience platforms for corporate training come with a user-friendly interface equipped with useful tools. They are no longer the dull grey page they once were. The wikis, the chatrooms, and the social media tools integrated into such technology are clear evidence of how far this technology has come in recent years.
Collaboration tools, in particular, make the lives of employees a lot easier as they no longer have to look for another platform to obtain answers to burning questions. They can ask their coach or participate in a group of interest. They can simply open a forum thread with only a few clicks, and everybody in that class can offer help.
5. It tracks progress
Going on the wrong track for an extended period without anybody showing you the right direction is counter-productive. Training courses are designed to bolster productivity, and the only way to realize this is through a proper adjustment to the particular needs of the employees and the departments.
For employees to see clearly when the training process has gone wrong, they need to have a bigger picture of their performance review to monitor their progress in real-time. The analytical data can inspire them to seek help when necessary or complete a course.
Why does your company need to implement corporate LXP software?
An organization offering its employees a purpose, recognition, opportunities for improvement, and autonomy will eventually build a better workforce. It makes them more productive, more motivated and more engaged than its competitors. The examples of how corporate LXP platform can improve productivity mentioned above only prove why this technology is an excellent way to make strides in the right path.
The ever-increasing business pace makes organizations find lesser time to involve talent and improve their skill-sets as soon as they settle into their everyday tasks. Top LXP platforms provide companies with a sophisticated solution to such a time crunch. At the same time, it ensures that they do not need to choose between meeting their daily routines and improving workforce productivity. Find the right corporate LXP company now to help you leverage this essential technology.
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