Corporate Training: Market Overview, Trends, and Forecast
CorporatenTraining is one thing that is changing the world today.
A Thousand Words on Professional Training and Development 2020. And professional corporate training programs have always pulled companies out of the fire, literally!
In angrowth-hungry cluster of industries, every individual at every altitude needsnsomething concrete.
“Fornthe best return on your money, pour your purse into your head.”
- Benjamin Franklin
What is driving growth for Corporate Training?
Many factors contribute to making corporatentraining industry a big hit, out of which the most noteworthy are:
- blended learning experiences that fill the skill gaps
- relatable to millennials and veterans
- flourishing work and learn the culture
Along with innovation and technology,nlearning and development are moving up the ladder too and they are doing itnpretty briskly. The good times to be in the corporates were never better and organizationsncouldn’t be more focused on ‘upgrading’ than NOW.
Why do businesses need Corporate Training?
We would all have to admit that it isn’t justnabout the bigger paychecks or bagging certifications. It is more about thenenriching experience we get after mastering a new skill. Learning is stimulationnto work better and achieve bigger.
We live in a world of successfulnentrepreneurs and frantic yet soaring startups. We see organizations having anfuturistic vision, striving for innovation, and we also see organizations thatnare still stuck in the 1940s waiting for a miracle to knock on their doors.
What organizations really seem to forget isnthat learning or ‘upskilling’ is for EVERYONE. Right from the CEO to officenassistants, every type of professional deserves the right amount of training innCustomer Service, Management, Creative Strategy, Technical, Behavioral skills,nand so on.
The bitter truth is every boss in the worldntalks about performance enhancement, but how many of them actually sponsor thentraining that induces it?
It is because of one thing.
It is a question they almost never ask -
“How can a Corporate Training Session help and changenthings?”
Corporate training programs by renownedntraining companies incorporate great mental exercises, strategy assessments,nreal-life industry examples, and lessons and activities that can totallyntransform your perspective towards something.
Clients operate in diverse regions, wouldn’tnyou want to learn trends in that specific zone around which your clientnoperates?
In which area do you believe your teams needntraining the most?
Once you understand the threats, it getsneasier for you to tackle them and move ahead. Like they say, “Don’ts are to benlearned first. Do’s are the things you do anyway.”
Analysis techniques to get accurate data, co-creatingnservices that are truly useful to the consumers, and addressing the market’snexplicit needs should ideally be the focus centres to begin with. Followed bynwhich comes value creation. But the question is, are you ready for it - readynfor the fast-paced learning milieu?
Yes, it can be overwhelming for the young,ninexperienced professionals to adapt to high level tech training, development know-howsnand building business strategies. But once they have mastered it all, the wholenworld is a market for them.
For the veteran maestros, if they get tunednin with the latest technology and automation, they can instantly conquer thenpower to take their organizations to the next level triumph. And besides, whatnare the leadership training programs for anyway!
The mid-management level are stuck in thensame old rat race and confusion above all. What they know but don’t realize isnthat they can “unstuck” themselves with a quality corporate certificationntraining program of their interest and get much ahead.
So, what is the future of Corporate Training?
Vinsys International digs deeper intonthe most basic, surviving factors in Corporate Training.
This is how Corporate Training willnsupport your businesses in 2020 and beyond:
Personalized Training Platforms: Then‘one-size, fits-all’ training programs are no longer relevant. To cater tonspecific requirements of a particular team, training organizations ought toncreate individualized, not to mention tech-enabled, classrooms. Consultation isngoing to be a huge part of corporate training, so as an organization, youneasily rely on the solution-oriented training programs of your demand.
Exceptional Instructional Design: It isnagain the content that rules the throne. Curated with utmost precision, comprehensible,ncreative, and organized training content is what learning and development teamsncare for. If every piece of prep material right from ‘ultimate guides’ to flashcards,nrole-plays, simulations, and PPTs to practice test papers screams innovation,nthink you’ve found your perfect corporate training match! Plus, soon we’ll havengamification on the syllabi and learning will be fun like never before.
Skilled, Multitalented Corporate Trainers: With thenwhole webinar and e-learning façade, many individuals miss out on the partnwhere actual learning takes place. Voice-overs, graphics, pre-recorded videos, andnLMS assessments are fun only when there is an interactive, human mentornavailable. Great mentors are the rarest gems, very difficult finds. So, itnbecomes crucial for businesses to partner with a training organization keepingnin mind its master trainers.
Learning on the go:nSelf-paced and tailor-made corporate training programs are a booming success,nnow and ever. When you have the ‘Fly-a-Trainer’ facility, why go through thenpain of commuting to another city! It is flexible, cost-effective and gives younthe freedom to learn from where you are. All the learning takes place at the workplacenso that your teams can switch back to their work-mode with zero hustle.nAdditionally, professionals get a chance to implement the learned techniques atnwork instantly which results into memorizing them effortlessly in the long run.n
Non-technical Training Solutions: There arentraining organizations that provide only for specific industries, the othersnhave an all-encompassing approach to corporate training. Leadershipndevelopment, customer service, project management, creative strategy,nteam-building, desktop and language skills are the most vital and versatilentraining programs out there. Campus to Corporate has so far been the mostneffective one for the fresh inductees. In the future, perhaps with differentnnames, you will find these programs very much ‘in-demand’.
Corporate Training: A Timeless Investment
“One ofnthe most important things to evaluate when making any changes related tontraining is how training aligns with an organization’s business goals, and thenspecialized learning needs of its employees.” - OpenSesame
Organizations have started to look at corporate trainingnas a real business need thus, loosening the budget strings.
According to the Training Magazine’s IndustrynMagazine Report 2018, training expenditure for large companies had increasednfrom $17 million in 2017 to 19.7 million in 2018. On an average, companiesnspent $1075 per learner in 2018. The number has risen in 2019 and it’s going tonreach the sky in 2020 for sure!
Corporate Training Helps Retain Employees
“80% of employees agree that learning new skills at worknwould make them more interested and engaged in their jobs,” shared DarrennShimkus, VP and General Manager of Udemy for Business, an online learning andnteaching marketplace.
Another survey by Chief Learning Officer indicatesnthat 90% of employees stated continuous learning to be an integral part of jobnsatisfaction for them, whereas, 53% of employees agreed that they were likelynto leave their job if they had insufficient or ineffective learningnopportunities.
The sky can be your limit too.
Corporate training has helped in a great dealnexpand businesses globally. It holds a quality of preventing catastrophe.
With a range of experimental, project-basedntraining programs and their hybrid variants have made it possible for you tonreach exactly where you want to be, as a professional or a business.
So, discovernthe hidden champions, innovate, empower, and put your best foot forward intonthe future with skills and confidence.
It isnthat investment for the future that you will NEVER regret making.
Thenmarket is evolving, so should you.
About Vinsys IT Services India Pvt. Ltd.
We are management gurus and globalnlight-bearers. We offer Corporate Training & Consultation, AutodesknEducation, Foreign Language Services, Human Resource Consultation, and more.nApart from being an Accredited Organizational Partner with AXELOS, we arenassociated with PMI® as an ATO (Authorized Training Organization).
Our zealous, proficient team and ournwidespread, out-of-the-ordinary, dexterous services together have been makingnquite the VIN-WIN situation since the last 20 years!
To learn more, visit www.vinsys.com.
Vinsys is a globally recognized provider of a wide array of professional services designed to meet the diverse needs of organizations across the globe. We specialize in Technical & Business Training, IT Development & Software Solutions, Foreign Language Services, Digital Learning, Resourcing & Recruitment, and Consulting. Our unwavering commitment to excellence is evident through our ISO 9001, 27001, and CMMIDEV/3 certifications, which validate our exceptional standards. With a successful track record spanning over two decades, we have effectively served more than 4,000 organizations across the globe.