Trends and Changes in Corporate Training

Corporate Training

The job market continues to be turbulent, in line with the economy as a whole. Interestingly, this seems to have had a huge impact on the corporate training sector as well. This is mainly due to the fact that companies are reluctant to invest in training their staff nowadays, as money is tight and therefore does not go into the training budget. However, with the advent of online corporate training, affordability rates have improved significantly. Additionally, most companies do understand that investing in the training of their staff is very important, because it improves talent, while at the same time increasing retention rates. As such, online corporate training is perhaps the best option out there.

Businesses all over the world are starting to understand the importance of having a workforce that is efficient, industrious, and contented. This means that they have to leverage any money they have on training and development, as this makes people more contented, more industrious, and more efficient. At the same time, what businesses look for is affordability, and something that is user friendly and does not use up too many resources of time.

So what are the key trends in terms of corporate training?

Key Trends to Be Aware of

  1. There will be an increase in the money spent on corporate training. Various pieces of market research have shown that companies are increasing their training budget, or are planning to do so very soon. This is because rivalry and competition is increasing in the market, and all companies have to make sure they employ the most experienced and skilled workforce.
  2. Companies will start dedicated training departments, which will integrate with the various administrative and organizational departments. Businesses understand that they have to put a focus on advancing their workforce, and this requires strategic leadership and management, as well as a wealth of internal advisors. Put together, they can come up with solutions that are fit for purpose, as well as affordable.
  3. The concentration will be on improving leadership skills. Before the 2008 financial crash, the focus was on “training the trainer” so that training could be delivered in an affordable way. Today, the focus is more on leadership skills, as it is understood that strong leaders inspire and train their staff simply by leading by example.
  4. HR is starting to have a new role. It is no longer just about dealing with recruitment and with payments and benefits. Rather, it is about understanding what the potential of the organization is, what the strengths of management are, and what limitations there currently are in terms of achieving sustainable growth. A huge element of this is corporate training, as this helps to harness and drive the potential, as well as break through the limitations.
  5. More and more training will be delivered online. Everything in today’s world is digital and online, something that people require training in as well. By delivering training online on a variety of subjects, it can be completed without giving up too many resources.