What makes some organizations stand apart from others when faced with new challenges, rests in the “how.” As in HOW they respond.
Given the current and ongoing global situation, innovators are leaning-in and learning how to showcase the value of corporate training. We all know there is an immense amount of value from corporate training, but how can you truly showcase that and adapt during times of change? Throughout all the change that continues to happen organizations are still looking for ways to adapt, a critical quality that helps them thrive, not just survive. They’re looking for ways to future-proof their team, their function, and to spur innovation.
What Does This Mean for Corporate Training and the Training Industry as a Whole?
According to in Brandon Hall Group’s recent survey, HR and the Impact of COVID-19, they found that 96% of organizations use ILT / vILT to some degree to deliver learning. Training managers know they have a pivotal role in helping their employees succeed. The current situation doesn’t mean training should go away. In fact, it’s more important than ever to upskill. Organizations are depending on employees to rise to the occasion, something that requires the right skills and agility. What does that mean for training directors and training managers? It’s an opportunity to rethink how they manage ILT and VILT and to showcase the value of corporate training programs.
Instructor-Led Training Has the Highest Level of Engagement – Face-to-Face or Virtual
ILT represents ~70% of formal training spend, according to Brandon Hall Group, and a recent report by TTA and Training Industry found that 65% of companies use ILT because it is more effective than other modalities in improving participants’ understanding. Training managers know that Instructor-Led and Virtual Instructor-Led Training is critical to their business success. While elearning is part of the mix for most, it lacks the engagement of ILT and consumes less of the budget. Why then, when ILT plays such a critical role in training (both in terms of performance and budget), are organizations still managing ILT manually with spreadsheets & Outlook calendars, but have the best learning management systems (LMSs) for their eLearning?
Training managers need to address that disparity to justify the value of their teams and the true value of corporate training. And, as some face-to-face training has made the transition to virtual instructor-led training, the benefits remain the same. According to Deloitte, “Today, all around the world, businesses—and their talent—are learning to communicate, collaborate, and coordinate on virtual platforms, and understanding the increased efficacy and efficiency such modalities of work can provide.”
Showcase the Value of Corporate Training and Support the Training Back-Office with a Training Management System
Organizations need to minimize further disruption to their business operations by embracing technology to maximize their resources. A training resource management system (TRMS) helps create more value, make sound business decisions, and collaborate better as a team. As a complement to the LMS, a TRMS serves as the back-office tool for learning, automating and optimizing functions such as session scheduling, resource management and cost tracking. With globally dispersed teams and employees, this means efficiency and collaboration are more important than ever.
Your Training Back-Office: How ILT and VILT Can Be More Efficient with Training Management Software
Training managers have an opportunity to take advantage of down-time and extra savings from cancelled events to invest in a technology that not only future-proofs their team and their function, but spurs innovation. How does a Training Management System streamline back-office processes? There are 4 ways training managers can benefit immediately:
Maximize and Preserve Training BudgetsIt’s never a good time to waste money. Not today and not ever. Track, forecast, and control your budget at all times. Through precise cost-computation, proactive budget planning, and real-time monitoring, organizations can save up to 25% on their training investment. What would your organization do with the extra savings?
Optimize ResourcesGet the most out of your training resources with a course management software system. Identify the best available trainers, rooms and materials and how best to deploy them, either in-person or virtually. Do more with less by managing training resources with ease through online graphical schedules, occupancy-rate maximization, and conflict monitoring. Improve productivity and training performance.
Get ProductiveStop wasting valuable time and talent on manual tasks. Enhance the productivity of your operations and logistics by automating processes and scheduling, collaborating on task and to-do lists, and visualizing your milestones at-a-glance. Collaborate as a team across different business units. Define clear roles and responsibilities. Accelerate the delivery of training by launching the planning and registration for events with minimal effort. Protect confidential training operation details in a secure system.
Analyze and ImproveConsolidate your training operations in a single system. the Training Management System has advanced measurement, analytics and reporting features so you can better measure, manage and interpret your data in order to prove the value of corporate training. Get all the data you need to make smart decisions with shared dashboards, real-time KPI tracking, and customized reports. Share best practices learned with team members. Automate reporting and share key metrics with executives to justify the value of corporate training (ILT/vILT).
For training and L&D leaders, now is the time to embrace the changes in our workplace and use this opportunity to make a bigger impact. As training budgets and priorities shift, showcase the value of your essential function with a tool specifically designed for corporate training.
Training Orchestra Helps You Get Your Training Back-Office in Order and Showcase the Value of Corporate Training
For over 18 years, we’ve been helping 600+ organizations worldwide manage their instructor-led training operations and over $6B in training budgets. Training Orchestra can help you optimize classroom training operations by increasing resource use, optimizing session scheduling and resource management, controlling costs, and by making the most of time and resources.
Interested in how you can improve ILT efficiency? Contact us to learn more!