Training Management System

Building A Robust Learning Environment In IT Firms with Training Management System!

Ensuring a skilled workforce through regular and effective training management has always been a cumbersome task for companies, no doubt! But corporate learning and development innovations are on a roll now, post-pandemic! As an aftermath, it is pleasant to watch today’s companies moving forward with the idea of corporate training programs for employees through Training Management Systems. 

As far as IT firms are concerned, Training Management Systems has undoubtedly helped them to manage and track training in spectrums like project management, scrum and agile, DevOps, software product development, and testing, among others, ensuring a future-ready workforce!

Read more: L&D Trends Corporates Need To Lookout For In 2023!

Introduction of TMS in IT Firms and Why They Need It

Introducing TMS to your IT firm would make it the central focus of your training. It will help your company manage various aspects of training seamlessly without switching between multiple tools.

That’s a ‘hello’ to an innovative corporate training approach!

Introducing a TMS means eliminating the coordination efforts for scheduling and running several courses for your workforce. But before we dive deeper into knowing the benefits of TMS, let’s see why your company needs it. How about we stroll through a few questions to help determine if your company needs a TMS? Here we go:

  1. Are the training sessions happening as expected?
  2. Do you have the physical space, instructors, or enough trainees to attend a session?
  3. Do your trainees receive proper communication regarding the session beforehand?
  4. Are all your training-related courses up to date?

The list can go on, but let’s stop right there.

Getting the facts straight for corporate learning and development using spreadsheets and other systems has become obsolete. There could be high risks of human error and chances that your teams’ efforts and time go in vain. 

Introducing a Training Management System shifts all your course management administration into a single space. This makes it easier to access and manage, not only for the employer but also for the employee. You will not have to go astray for the information you need across multiple sources. You have your training content right where and when you need it from any device you sign in to!

Read more: Is Synchronous Training Appropriate for Today’s Workplace?

Ways In Which a TMS Can Automate Your Manual Processes

Having TMS software to aid your firm in training employees and reducing manual effort is a 100% YES!

Your admins can skip the busy hours of planning, assigning, analyzing, and repetitive tasks through automation. That extra time can be utilized for other valid efforts like developing proper training materials or framing learning objectives.

Is automating your manual process using a TMS worth the shot? Let’s have a look into it in detail.

1. Effortless Management

Managing courses and tracking each learner’s progress might be the most cumbersome task in training management. And that’s what TMS is built to streamline. An effective and robust Training Management System can help you automate back-end course management processes like scheduling courses and allocating trainers, and can also help quickly access real-time insights on course attendance, progress, and completion, including learners’ complete information, pointing skill gaps, and task achievements. 

2. Boosts Employee Engagement 

Keeping your employees engaged and motivated in training can be challenging. Acknowledging their training efforts and progressions or a simple pat on the back can do the trick, though that’s quite time-consuming. With a TMS, tracking each learner’s progress and automating appreciation with appropriate badges and recognitions is simpler. Also, advanced training management systems incorporate gamification to make learning fun and exciting!

3. Personalized Learning

It’s difficult to get all your employees into one room for training when they have separate goals to achieve for the company. That’s why companies with the best training programs automate employee training and allow employees to follow their personalized learning paths. A training managing system with mobility, synchronous-asynchronous learning, and instructor-led and self-paced learning options makes learning personalized for all. Meeting the unique learning needs of your employees enables keeping them engaged while simultaneously allowing you to maintain a skilled workforce.

4. Immediate Feedback Mechanism

In training, providing instantaneous feedback helps progress better. This will give employees a hint that they are on the right track. It can be a little discouraging when your employees know from their final assessment that they haven’t understood the shared training content. TMS ensures your IT firm’s corporate training programs for employees have been effective by motivating and engaging them by keeping open a transparent feedback loop. 

What Skill Lake Offers as a TMS!

You might have run trial-and-error approaches with many tools and techniques for corporate governance training. But when it comes to the best training for IT managers for your firm, Skill Lake is one of the best. 

Skill Lake is

  1. A platform that automates repetitive course management processes like scheduling, assigning, and analyzing training programs.
  2. An online corporate training solution that supports user management through digitized contact info of trainer and trainee, course enrolments, and user activity.
  3. A Learning Experience Platform (LXP) that offers custom learning paths to get trained anytime, anywhere, and from any device.
  4. An online corporate training platform capable of generating insightful reports on training attendance, progress, and completion that quickens management decision-making.
  5. A corporate training and development solution that facilitates secure payment gateways for transferring and refunding course payments.
  6. A platform for the best training for IT managers to study any course through easy integration with external systems or tools, assuring top-notch training experience.

Investing in a cost-effective TMS solution like Skill Lake is the finest option if you are looking for a solution to reduce administrative and learner efforts.

Skill Lake saves time by automating repetitive tasks and makes you carefree about the daily routines regarding training. So we say automate training and benefit your business with Skill Lake!

Request a Free Demo now!

Ashmitha Chatterjee

Ashmitha works with Skill Lake as a creative writer. She collaborates with the Digital Marketing team to deliver engaging, informative, and SEO-friendly business collaterals. Being passionate about writing, Ashmitha frequently engages in blogging and creating fiction. Besides writing, Ashmitha indulges in exploring effective content marketing strategies.

L&D Trends

L&D Trends Corporates Need To Lookout For In 2023!

The year 2023 will be pivotal for companies that want to capitalize on the post-pandemic digital explosion. They now face a huge problem – the innovation rate that is outpacing their employees’ skills. 

There is a reason why companies need to know about the upcoming L&D trends in 2023. We now have AI-powered chatbots and many such advanced technologies that are changing the game for industries. Although revolutionary, such advances are creating an acute skill gap amongst the workforce, which, if not addressed critically, can challenge companies in the long run. The goal is simple but critical – tailor your organizational learning and development goals to address the company’s objectives. Build a workforce that can drive your ROI and business goals!

This blog will walk you through the top 7 L&D trends you must watch out for in 2023!

1. Reskilling to meet the technology explosion  

According to Deloitte’s latest survey, attracting and retaining a quality workforce seems to be a top focus for 83% of manufacturers, with almost 45% of manufacturing executives being forced to turn down business opportunities purely due to a lack of skilled workers. 

Reskilling, which means learning new skills to adapt to new roles, has always been a buzzword, but it will acquire new significance in 2023. With new workplace technologies entering the market, companies must find new ways to build workplace capability. Business leaders constantly need to get employees to learn and adapt to new technologies and software with steep learning curves. Many traditional roles and jobs can now be automated, which means that with outdated jobs come new opportunities. 2023 will be all about adaptive and intelligent L&D platforms that personalize training. 

2. The growth of video-based microlearning  

Employees need to learn in such a way that it helps them apply their knowledge at the right moment, which drives performance. Nano or microlearning is a great way to deliver short, engaging, and condensed learning in snappy formats.  

With microlearning, you can learn quickly and absorb material within ten to fifteen minutes, making learning more accessible and relevant. You can focus on specific concepts or skills. Video-based microlearning is the next big trend to watch out for in 2023 and is increasingly popular in the corporate sector because of its format and accessibility. Video-based microlearning also encourages continuous and accelerated learning and suits the modern-day learning habits of employees accustomed to accessing the content in different formats. 

3. Behavioral data and learning analytics 

Data and learning analytics will reach dizzying heights in 2023. With data-centric learning, you can collect performance data, assess the quality of training material, and help trainers design specialized and personalized lessons for this generation of talented and contemporary learners. Measuring success more broadly can improve your skills agenda and evaluate your learning environment. 

In 2023, organizations will focus on metrics to improve the effectiveness of L&D programs like never before. They will gather data about performances, promotion rates, sales figures, employee learning styles, and attrition scores. Learning analytics also measures the ROI of the learning programs and whether they align with the company’s business goals. Opt for L&D platforms that offer real-time visibility and insights on employees and their learning trajectories.

4. Personalized learning 

Personalization is the future of L&D. Organizations have different kinds of employees and building differentiated learning pathways is gaining enormous importance in the L&D space. Personalized and adaptive learning refers to creating programs specifically for different learners and their skill gaps, also delivered in a format that resonates well with the individual. 

In 2023, L&D departments need to leverage content services and instructional and L&D platforms altogether to enable personalized pathways for learners. AI and ML will play a role in recommendations that increase the chance of relevant content and increase learner engagement. Personalization in the content will be a game changer in 2023 because it can provide learning experiences for employees based on the specific challenges and skill gaps they face and also according to their age and learning profile. Companies can use technology to scale personalized learning solutions and reap the benefits.  

5. Immersive learning and gamification 

With learners opting for multiple devices and immersive learning, the use of Augmented Reality (AR), Virtual Reality (VR), Mixed Reality (MR), and Extended Reality technologies in organizational training will gain huge popularity in 2023. From AR training that teaches employees about new machinery to walkthroughs and soft skills training, AR and VR technologies enhance learning and have built-in tracking, analytics, and real-time data that measure learning progress and ROI. 

Gamification is another exciting trend for 2023 in the learning and development space. L&D solutions have exciting frameworks and gaming ecosystems where employees can learn, level up, play off each other, and win virtual rewards. 

6. Opportunity marketplace

An area of great promise is the opportunity marketplace. Consider this. Contract work has increased tremendously over the last few years. In 2023, companies must leverage L&D solutions that turn their contract workforces into assets that drive their business. 

L&D trends are now moving towards meaningful learning and career development. Companies that encourage internal talent mobility will thrive. Learning and development platforms offering easy and intelligent competency mapping and dashboards and giving recommendations for courses, mentorship, and development opportunities will retain the best talent.

7. Mobile learning 

With the rise in on-demand training, learning professionals prefer mobile devices to engage with learning material. Mobile technologies and devices enable mobile learning or m-learning. Learning in the workflow or on the job is now an important transition point in the L&D industry. It focuses on continuous skill building and development. Plus, it makes it easier to access course materials from anywhere, learn at one’s own pace and comfort, and accelerate skill development seamlessly.

Read more: How Significant is L&D for the Future of Work?

How Can An L&D Platform Help Embrace The Upcoming Trends?

The trends and developments that shape L&D in 2023 will solve the shortfall of skilled workers and the problem of skills mismatch. But how can companies embrace these trends to future-proof their workforce?

L&D Platforms!

L&D platforms can help companies leverage upcoming learning trends by facilitating personalized learning paths, using effective feedback mechanisms, and measuring performance proactively to check how employees engage with their content. 

What is an L&D platform, and why is it a key competitive differentiator? Learning and Development (L&D) platforms use technologies like AI and ML to deliver personalized training experiences to learners. They help companies create, implement, and run exciting and impactful learning and development programs from a single, centralized interface. An L&D platform leverages all the above game-changing trends to do something critical – it does not simply offer learning provisions but also drives performance and profits.

Read more: Learning Experience Platform Features That You Should Know About

How Skill Lake Makes An Apt L&D Platform For Your Company!

With employees moving from static to dynamic and high-performing roles in the coming years, the quality of an L&D platform determines a company’s success in the future. We are moving into an era of unprecedented digital transformation, which requires a continuous training culture to help companies evolve their business functions and power their way ahead. If you want your company to keep up with the ongoing technological disruption and the ever-changing nature of work, you need an enterprise-wide L&D platform to address the skills gap and use learning analytics to drive performance. 

Skill Lake’s powerful L&D software can help companies make the most of L&D trends for the future and implement these trends seamlessly in their business processes. With unique features, Skill Lake can help your company manage the A to Z of employee learning and development in one place!

  1. Personalized Learning Paths
  2. Dual Learning Modes
  3. Mentoring
  4. LMS Mobile App
  5. Competency Mapping
  6. Course Library
  7. Gamified Learning
  8. Competency Mapping
  9. Multi-Cloud Hosting

Employees who learn through alignment with business goals increase productivity multifold. Skill Lake facilitates top strategies with its power-packed analytics and multiple learning modes. It helps companies tailor their training to resolve business challenges, achieve ROI, drive profit, and elevate the employee experience. 

The growing skill gap in companies is a serious challenge in the coming years. Skill Lake’s adaptive and budget-friendly corporate training platform can meet your company’s growing talent and development needs, helping you elbow your way past competitors. 

Connect with our experts today or request a free demo now!

Sachin Krishna

Sachin works as a part of the digital marketing team at Skill Lake. He believes in a healthy and resourceful web and does his own little contributions for the purpose by creating and disseminating innovative and quality content

Skill Lake Training Management System to be featured in the Prestige Conclave 2022

WHITE PLAINS, NEW YORK, Nov. 30, 2022 — Skill Lake Training Management System (TMS), developed by Fingent, has announced that it will participate in the Prestige Conclave 2022 in Saudi Arabia on Dec. 5, 2022. The event will take place from 9 am to 5 pm at the Holiday Inn Meydan in Riyadh.

Prestige Conclave 2022 is an annual convention held by Prestige Saudi Co. Ltd – a leading software and system integration company based in Saudi Arabia. The event brings innovators, thought leaders, and solutions providers to convene, have engaging discussions, and analyze the future progress of their businesses. 

During the conclave, Fingent will demonstrate how Skill Lake Training Management System helps manage your training businesses. 

  • CRM to store and track every trainer’s and learner’s information, including contact details, course enrolments, and user activity.
  • Integration with payment gateways to support the secure transfer and refund of course payments.
  • Customizable reports and dashboards with real-time insights on every aspect of learning- course attendance, progress, completion, and learners’ performance.
  • Integration with LMS includes course management, competency management, gamification, dual learning mode, mobile app, and more.

If you are attending the event, please contact our representative Kurian Jacob (kurian.jacob@fingent.com), to better understand Skill Lake TMS and how it can help your organization. You can also book a personalized demo by filling out the form here.  

    Book a Personalized Demo


    About Prestige Saudi Co. Ltd. 

    Prestige Saudi Co. Ltd., a unit of the DLI-IT Group, offers specialized, comprehensive, and customizable business solutions to Fortune 500 and SMEs in the MENA zone. Their top-notch software development and technical support team goes above and beyond the requirement to ensure that every customer is satisfied.

    About Skill Lake TMS

    Skill Lake TMS simplifies and eases the administration of programs for training institutes. The platform automates end-to-end training processes and provides an improved learning experience for learners, resulting in added enrolments and revenue generation. The key features include CRM, Payment Integration, Tracking and Reporting, and more. Skill Lake is the flagship product of Fingent.

    Aarathy Jayakrishnan

    Aarathy is a Senior Digital Marketing Analyst at Skill Lake. She is majorly into content marketing and focuses on getting the messaging right across a host of marketing collaterals. While not working on content, you can find her juggling SEO, social media, branding, and more. She enjoys exploring new frontiers in digital marketing and the associated challenges keep her going.

    Skill Lake to be featured in the Prestige Conclave 2022

    WHITE PLAINS, NEW YORK, Nov. 28, 2022 — Skill Lake, a Learning Management System (LMS) developed by Fingent, has announced that it will participate in the Prestige Conclave 2022 in Saudi Arabia on Dec. 5, 2022. The event will take place from 9 am to 5 pm at the Holiday Inn Meydan in Riyadh.

    Prestige Conclave 2022 is an annual convention held by Prestige Saudi Co. Ltd – a leading software and system integration company based in Saudi Arabia. The event brings innovators, thought leaders, and solutions providers to convene, have engaging discussions, and analyze the future progress of their businesses. 

    During the conclave, Fingent will demonstrate how Skill Lake empowers firms to establish a learning culture and develop a highly skilled workforce.

    • Set and track time-sensitive competence development goals to enable individual accountability.
    • Measure competence levels with custom-graded assessments built around a core competency framework of your organization.
    • Create high-impact course content customized to your learners’ training requirements or modernize your existing training content into deeply-engaging formats.
    • It provides a setting where learners may pursue their learning objectives on their own time while communicating with instructors or other mentors within the company.

    If you are attending the event, please contact our representative Kurian Jacob (kurian.jacob@fingent.com), to get a better understanding of Skill Lake and how it can help your organization. You can also book a personalized demo by filling out the form here.  

      Book a Personalized Demo


      About Prestige Saudi Co. Ltd. 

      Prestige Saudi Co. Ltd., a unit of the DLI-IT Group, offers specialized, comprehensive, and customizable business solutions to Fortune 500 and SMEs in the MENA zone. Their top-notch software development and technical support team goes above and beyond the requirement to ensure that every customer is satisfied.

      About Skill Lake

      Skill Lake is a  Learning platform that helps organizations across industries establish a continuous learning and growth culture. Its advanced features, including a learner dashboard, content library, user management, self-paced and instructor-led courses, intuitive mobile app, and more, make it a sought-after software in the LMS space. Skill Lake is powered by Fingent.

      Aarathy Jayakrishnan

      Aarathy is a Senior Digital Marketing Analyst at Skill Lake. She is majorly into content marketing and focuses on getting the messaging right across a host of marketing collaterals. While not working on content, you can find her juggling SEO, social media, branding, and more. She enjoys exploring new frontiers in digital marketing and the associated challenges keep her going.

      L&D

      How Significant is L&D for the Future of Work?

      Today, organizations are restructuring their work culture, which mandates the workforce to constantly upskill, re-skill, and embrace opportunities to stay relevant in the fast-paced business landscape.  

      The ever-growing skill gaps, high employee turnover, and talent crisis are forcing companies to relook into their Learning and Development Strategies as employee engagement and employee upskilling is increasing prominence and becoming a key imperative for organizations. To grapple with the new pattern of work, L&D will require a transformation and reshaping of the learning and training initiatives to build a workplace culture that promotes continuous learning, consequently helping organizational growth.

      At the moment, employers and employees view L&D training programs as an important factor in making an organization a great place to work in 2022 and beyond!

      To understand why so, we bring you this article with some information about the significance of L&D in today’s world.

      What is L&D?

      L&D, commonly known as Learning and Development, is the process of empowering employees to learn or acquire new skills and knowledge to improve their performance. Modern companies follow various talent management strategies to align individual goals with the organization’s overall objectives and vision. 

      You will be surprised to learn that 67% of employers have increased their L&D budgets in 2022, and when it comes to the employees, 75% are overall satisfied with learning and Development in their companies!

      Needless to say, these statistics signal the positive implications of having an L&D as a competitive differentiator in an organization. 

      Business Benefits of Regulating L&D in Corporates

      Innovative L&D platforms have strengthened the efficacy of employees in workplaces. In the post-pandemic era, as organizations adapt to reality, prioritizing and strengthening their learning and development contributions has become even more pressing. 

      The outcomes! Companies enjoy business perks like reduced turnover, employee engagement, and top talent retention, which ultimately accelerate their returns.

      Read more: Learning and Development Trends for 2022 and Beyond!

      With a robust company learning and development strategy, you can witness many business benefits, such as:

      1. Long-Term Business Growth

      Today’s labor market is very demanding, and to meet these evolving demands, organizations must be vigilant in agility. This means companies must adjust their internal culture and advantages to sustain a competitive edge.

      According to 2021 Gallup Survey conducted on behalf of Amazon, skill training is one of the top perks young workers look for in a new job. The survey states that 66 percent of workers aged 18-24 ranked learning new skills as the third-most important perk when evaluating new job opportunities, behind only health insurance and disability benefits.

      In the coming years, it is expected that millennials and Gen-Z workers are reckoned to increase. This necessitates companies to establish resilient learning and development programs to steer sustainable growth, improve employee engagement and productivity, and appeal to modern workers’ demands.

      2. Employee Retention

      Employee turnover continues to plague businesses. Distressingly, the cost of hiring is much costlier than investing in employee retention. 

      Research done by Gallup shows, “The cost of replacing an individual employee can range from one-half to two times the employee’s annual salary — and that’s a conservative estimate. So, a 100-person organization that provides an average salary of $50,000 could have turnover and replacement costs of approximately $660,000 to $2.6 million per year.”

      Turnover can damage the employer’s reputation and result in revenue loss. Leadership and development initiatives by the organization are called for now more than ever! Investing in training for your employees’ personal and professional training will make them feel valued, improve their performance, and foster the necessary skills for filling crucial managerial roles. 

      3. Upgrade Company Bottom Line

      Effective upskilling programs, particularly to bridge crucial knowledge gaps, have shown an increase in profit between 14%-29%. Employees are your most valuable assets, and bestowing them with necessary and timely training has repeatedly proved their productivity levels burst forth. Upward mobility at individual and organizational levels will accelerate if your teams are equipped with the right resources and tools needed to perform their duties at the ideal level.

      4. Customer Service and Allegiance

      Resolving your customers’ issues and answering their queries and thus ensuring you give them the best possible customer experience, is a crucial piece of the picture. When done right, this forms the foundation for customer retention and converting your customers into lifetime value members. 

      When you go easy on your customer service, your business is vulnerable to high churn rates. If you provide your employees with L&D training on the knowledge and skills they need to serve and interact with the customers, the far-reaching benefits for your organization and its people are assured!

      Read more: How an L&D Platform Narrows Down Training Management Issues?

      How is L&D Significant for the Future of Work?

      The pandemic has made organizations find ways to adapt to modern workplace challenges by relying on an L&D strategy. It focuses on promoting a high-performing workforce by implementing remote onboarding programs, initiating L&D training programs, monitoring employee productivity, and assessing the performance of remote teams.

      Certainly, L&D plays a pivotal role in driving the future of work.

      1. Upskilling and reskilling virtual workforce: Organization-wide upskilling and reskilling hold a prime position in the future of work. While upskilling focuses on L&D courses like leadership training, reskilling focuses on a role or industry-specific training and compliance training, among others. These future demands are easily met with an L&D tool while motivating your workforce to develop new skills while authoring and managing content for reskilling or upskilling all from one place, thus saving money, effort, and time!
      2. Repurposing content: eLearning is the future, and you will have to continuously create, assess, and update your employees’ learning content. L&D courses will have to be reformatted across videos, graphics, and other kinds of multimedia learning content. An L&D supports you in automating the creation of multiple types of learning content. This will eliminate the need for repurposing it into other formats manually. 
      3. Support learning with the flow of work: Future work culture will demand empowering your employees with the right support content in an engaging and interactive mode at the right time. An L&D tool safeguards this future workplace requirement through in-app experiences like interactive walkthroughs, tooltips, and knowledge bases. This reduces training and onboarding time and improves the productivity of the workforce. 
      4. Backing learning in the moment of need: L&D backs the rising demand for learning in the moment of need. As against traditional training approaches, need-based learning is more productive by supporting employees with on-the-job training. This has great significance in the future of work as it is more interactive and helps connect the dots between the problem and the solutions they are given.
      5. Facilitating microlearning: L&D helps you get creative with your learning content by breaking them into small bite-sized chunks of learning modules in the form of small videos, walkthroughs, and daily tasks. Research suggests that microlearning can improve knowledge retention by as much as 80% while also improving the engagement of learners by 50%. These types of content can be easily repurposed and refreshed, which qualifies its significance for the future of work by ensuring the completion of micro-learning courses through gamification of learning and training tasks. 

      How does an L&D Platform Like Skill Lake Help?

      To thrive in the hybrid work culture, organizations will require a solid L&D platform in place to support all their learning and training initiatives for people development. Skill Lake is a modern and comprehensive L&D platform that prepares you for the near future of learning and training with a multitude of features. 

      Skill Lake is designed to align employee goals with that of the organization. It helps you identify the skill gaps in your organization and deliver the right training to bridge those gaps. It helps develop and implement a robust learning and development strategy in your organization. Some exclusive features include the following-

      1. Dual learning modes
      2. Mobile learning
      3. Competency mapping and management
      4. Accountability for people’s development
      5. Personalized learning journey
      6. Library, learner dashboard, and user management

      Want to take a stroll through the features of Skill Lake? Experience it through a live demo, or you can reach out to our team.

      Sachin Krishna

      Sachin works as a part of the digital marketing team at Skill Lake. He believes in a healthy and resourceful web and does his own little contributions for the purpose by creating and disseminating innovative and quality content

      Learning Experience Platform

      Learning Experience Platform Features That You Should Know About

      The learning experience platform has found its niche in the global learning system market. 

      It won’t be hypothetical if we say that LXP has started challenging other forms of digital training approaches. Today the LXP market is valued at $500 million with a projected annual growth rate of 50%, proving this fact.

      Let’s now get to the most important bit of LXP, starting with the definition of an LXP…

      What is a Learning Experience Platform (LXP)?

      Learning Experience Platform (LXP) is a modern training/learning platform that delivers personalized learning experiences for users based on their interests and needs. 

      An LXP pulls content resources from internal or external sources to provide users with custom learning recommendations based on what they want to learn in a holistic learning environment. LXPs offers a highly customizable learner-focused approach helping the learners interact with the platform more personalized manner. LXPs leverage innovative digital technologies to prioritize engagement and collaboration with the learning materials and peers. Users can add insights, suggestions, or comments on user-generated content to make learning more interactive and fruitful.

      An LXP might sound close to a learning management system (LMS). While the two share a few similarities, there are key differences that differentiate the two. Hence, it is vital to understand in what perspectives they differ.

      With an LMS, administrators define the curriculum, and the administrator controls the entire training/learning process. But in an LXP, the learning process is fully controlled by the learner/user.

      The global LXP market size was valued at USD 810.36 million in 2021 and is expected to expand at 32.71% during the forecast period reaching USD 44427.35 million by 2027.

      Read more: Why Corporate E-learning Is the Future of Organizational Training?

      Key Benefits of LXP for Professional Development

      Technology-enabled learning solutions have brought distinct benefits to companies. If you are looking for ways to deliver better employee training through personalized and digitized learning content, then LXP is the optimal choice.

      Here are some benefits that LXP offers for improving a company’s employee training:

      1. Provide Personalized Training Recommendations:

      An LXP can provide personalized course recommendations without admins having to assign courses one after the other physically. It anticipates the learners’ interests and needs and tailors courses accordingly. An LXP offers learners the most relevant courses and learning methods, considering aspects such as their job profile, skills, preferences, previous learning history, and time spent on previous courses. This is not just a massive time-saver for organizations but promotes continuous learning by providing training that best suits employees and helping them learn new skills quickly and efficiently.

      2. Focus on Skill Development:

      An LXP records the employees learning/training history and is linked to the skills and job roles within an organization. Upon completion of courses by employees, LXP gives an overview of the skills and knowledge possessed by the employees. This ensures that organizational goals are aligned with the employees learning goals. LXP provides a smarter learning approach to ameliorate employee performance.

      3. Learning Anytime, Anywhere, and From Any Device

      New-age working patterns are about office-based, home-based, and hybrid work models. The best LXP comes with mobile learning apps that employees can access at any time, anywhere, and at their convenience. They can attend their courses during the office, or after office hours, during weekends, without interruptions. Employees can easily access the app and get started with their learning in an instant. This promotes higher employee satisfaction and productivity.

      4. Targeted Investment in Employee Training

      Want to conduct training for your employees multiple times? Don’t worry about the cost or the effort. A top LXP platform can support accessing learning materials numerous times with no limit to consumption. The reports generated by LXP give your insightful business data on every aspect of training and learning- course attendance, progress, completion, and learners’ performance.

      5. Social Interactivity

      Social interaction plays a vital role in learning. LXP allows employees to interact with their peers or experts in the courses they are involved in. Users can connect and collaborate to exchange insights, thoughts, and suggestions to make learning more interesting and effective. LXP also promotes employee engagement, social interactions, and team building. 

      Read more: Is Synchronous Training Appropriate for Today’s Workplace?

      How Does Skill Lake Learning Experience Platform (LXP) Help Corporates?

      Skill Lake LXP goes beyond a traditional learning management system by providing employees personalized learning based on their learning needs and skills. Skill Lake offers a variety of different features that help to increase employee satisfaction and a sense of engagement, such as mobile learning, personalized learning, virtual mentoring, and gamification. Skill Lake assures a truly engaging and highly impacting learning experience for employees and organizations alike.

      Skill Lake has a lot to offer that can redefine the training standards of a modern company like yours. 

      1. Competency Mapping
      2. People Accountability
      3. Dual Learning 
      4. Intuitive Dashboards
      5. Business Growth Acceleration
      6. Social and Collaborative Learning
      7. Multiple Learning Delivery Options

      Skill Lake is the best choice for you if you are looking for an LXP platform that provides control to both learners and admins. Explore Skill Lake and its exclusive features by reaching out to our experts or watching a quick 30-minute demo.

      Aarathy Jayakrishnan

      Aarathy is a Senior Digital Marketing Analyst at Skill Lake. She is majorly into content marketing and focuses on getting the messaging right across a host of marketing collaterals. While not working on content, you can find her juggling SEO, social media, branding, and more. She enjoys exploring new frontiers in digital marketing and the associated challenges keep her going.

      Learning and Development

      Learning and Development Trends for 2022 and Beyond!

      The new normal has presented organizations with several issues, such as the need to manage a remote and hybrid workforce. The corporate learning and development (L&D) team got struck harder than any other department. Corporate training teams are a crucial component of organizational development, and their programs are designed to upskill personnel and fill the market’s perceived knowledge and skills gap. Managing change in the face of a pandemic and new health hazards has necessitated the development of unique techniques for setting and achieving milestones.

      Here are the top 12 trends in learning and development to look out for in 2022 and beyond. 

      Emerging Trends in Learning and Development 

      1.  Reskilling & Upskilling 

      Your current workforce requires retraining to use new digital tools and processes due to digital transformation. A new emphasis on the ongoing upskilling programs got added to organization-wide reskilling. Since many businesses prefer to promote their employee skills from within, upskilling may take the shape of leadership training. With the introduction of online eLearning courses through modern learning platforms, upskilling has become simpler for the corporate sector. With flexible learning, providing time off, and rewards for passing these courses, L&D teams can also encourage internal workforces to acquire new skills. 

      2. Personlaized & Adaptive Learning

      Adaptive learning is the most sought-after corporate training method companies adopt. It uses AI and machine learning techniques to deliver employees personalized training and learning experiences that can address their unique needs. In the coming years, it is predicted that personalized learning will be in great demand. Thus, this AI-powered, data-driven approach to training supports the L&D teams to guarantee fruitful and efficient employee training.  

      3. Microlearning 

      Breaking up L&D course material into brief, digestible learning units—usually no longer than five minutes—is known as microlearning. Microlearning helps L&D teams to get creative with their learning materials. It can take the shape of daily assignments, films, in-app tooltips or walkthroughs, and much more. Additionally, L&D teams can encourage microlearning content by gamification of employee education and training assignments. This form of content is also simpler to repurpose and refresh. And it helps in easy knowledge retention. 

      Read more: A Guide To Understanding Microlearning And How It Improves Learner Engagement!

      4. Mobile Knowledge Delivery

      Mobile devices are an integral part of life today. Learning from anywhere, anytime, and from any device is the new way of training and learning. The modern L&D platforms are compatible with smartphones, tablets, or other devices to make learning convenient and easy. In today’s busy work schedules, the best feature that eLearning solutions can provide is the flexibility to learn anytime, anywhere, at the learners’ convenience.

      5. Blended Learning Programs

      The blended learning approach provides self-paced learning, instructor-led sessions, or a combination of both to improve learning outcomes. Learners have the flexibility to learn at their own pace without any restrictions on time and place. Furthermore, it helps in better comprehension and improving the engagement level of employees. 

      6. Greater Emphasis on Soft Skills 

      Soft skills are in huge demand today, irrespective of whether the employee directly interacts with the client. Communication, leadership, and collaboration skills rank above empathy compared to how solid technical skills an employee has mastered. Cultivating soft skills always leads to improving performance and productivity and opens up better opportunities for them to advance in their career.

      7. Assessment Tools

      Organizations are willing to adopt assessment tools to analyze skill gaps and bridge those gaps. Identifying the gaps helps them better plan and provide relevant training programs to close the skill gaps. These tools also allow them to measure the effectiveness of their L&D initiatives, track the learners’ progress, and understand the current and future skill requirements. 

      8. Niche Platforms 

      Unlike multi-purpose HR and L&D technologies, specialty platforms serve a single goal in depth. A modern learning management system is an example of a niche specialist platform. Although multi-purpose platforms provide the ease of having all activities and information in one location, they will occasionally fail to satisfy your needs. Navigating the scale and complexity of the HR and L&D space necessitates specialized tools. Combining and integrating these into a single-employee environment is critical to meeting your learning objectives in the future.

      Read more: How an L&D Platform Simplifies The Onboarding and Employee Experience Journey?

      9. Collaboration and Social Learning

      The latest trend in eLearning solutions like LMS or LXP stimulates collaborations and social learning. Social and collaborative tools like games and forums boost employee engagement and make learning enjoyable. Social learning makes learning more engaging and productive as counterparts, or skillful experts collaborate to share and discuss informative knowledge that helps each other to grow together and achieve learning goals.

      10. Real-time Employee Feedback

      Another exciting technology trend in learning and development to look out for is that L&D teams seek to improve feedback channels between trainers and employees. Modern eLearning platforms provide real-time employee feedback through surveys, discussions, and questionnaires, among other forums.

      11. Knowledge-Sharing Ecosystem 

      Knowledge management is creating, curating, organizing, and disseminating vital organizational knowledge so that employees can access and locate it. Most eLearning solutions provide a centralized repository to store their learning materials that help ease employees’ access when needed. In a nutshell, it connects employees to the appropriate resources for any inquiries they may have.

      12. Gamification

      Gamification is a happening trend that is adopted by most eLearning platforms. Gamifying elements like badges, virtual rewards, and point-system makes learning fun and motivates learners to attend courses. It also supports peer-to-peer learning and virtually collaborating with each other. Gamified learning promotes a positive workplace culture and helps employees and organizations grow together.

      Summing Up! 

      L&D teams are at the forefront of digital change in these uncertain times. They are in charge of upskilling and reskilling people and adopting emerging technology and processes. Although some of these learning and development trends have existed for some time, they have grown significantly and have become more popular since the pandemic. You must now assess which trends apply to you and adjust your corporate training strategies accordingly. The emerging trends in learning and development show us that learning will be more personalized, mobile, and goal-oriented with online learning management systems.

      Sign Up with Skill Lake today and seamlessly employ the latest trends of L&D!

      Ashmitha Chatterjee

      Ashmitha works with Skill Lake as a creative writer. She collaborates with the Digital Marketing team to deliver engaging, informative, and SEO-friendly business collaterals. Being passionate about writing, Ashmitha frequently engages in blogging and creating fiction. Besides writing, Ashmitha indulges in exploring effective content marketing strategies.

      Experience the New-Age of eLearning at GITEX Global!

      Learning Management has emerged as a core focus area for corporations in recent years. In fact, the American Society for Training and Development (ASTD) training states that companies that deliver corporate training boast a 218% higher income per employee and a 24% higher profit margin than those who don’t.

      As you may have guessed rightly, this makes it all the more reason to feature Skill Lake, a synergy of L&D Platform for Corporates and Training Management System for Training Institutes, at GITEX GLOBAL – the undisputed tech event featuring every major technology player, trend and vertical, including smart cities, cybersecurity, the data economy, mobility, healthcare and telecoms, for the last 41 years!

      You can stop by our stall H9-B20.29, at Dubai World Trade Centre, from OCT 10-14 and experience first-hand how Skill Lake’s LMS System is far superior compared to the traditional LMS Systems and how it can transform employee training and development with engaging learning and competency management options. 

      In this visit, you’ll discover how our LMS System can help your organization – Build ROI through a competent workforce, Inculcate a hybrid learning approach that accommodates online & offline modes, Learn from anywhere using our intuitive and secure mobile apps, Organize learning materials into one searchable library, Promote learning accountability and most importantly, foster a culture of growth and productivity in your organization.

      Feel free to communicate with Issac jose at issac.jose@skilllake.com to arrange a meeting before, during, or after the GITEX meet.

        You can also book an onsite demo with us, TODAY!

        Aarathy Jayakrishnan

        Aarathy is a Senior Digital Marketing Analyst at Skill Lake. She is majorly into content marketing and focuses on getting the messaging right across a host of marketing collaterals. While not working on content, you can find her juggling SEO, social media, branding, and more. She enjoys exploring new frontiers in digital marketing and the associated challenges keep her going.

        Training Management

        How an L&D Platform Narrows Down Training Management Issues?

        Training is crucial in any organization to improve the productivity and efficiency of employees. But is it just a to-do task on your list with a simple tick-off when your employees are done with their training programs?

        Constant training and skill-based training are inevitable. Most of the time, employees simply rush through the course to define it as done. You must invest in the right LMS platform to ensure your employees are well trained and learned. 

        LMS training platform, aka L&D platform, can facilitate skill-based training, risk management training, business management training, leadership, and management training, people management training, and corporate training programs. 

        Most L&D platforms come in handy with various features and tools to make training convenient and fruitful. It is one of the best solutions for overcoming your training management hurdles. 

        Let’s dig deep into how L&D platforms can help you deliver a rewarding training experience.

        Read more: How an L&D Platform Simplifies The Onboarding and Employee Experience Journey?

        The Need for Effective Corporate Training Today

        Benjamin Franklin once said, “An investment in knowledge pays the best interest“. He indeed got that inch-perfect! But many organizations, even today, are oblivious to this fact.

        However, today’s modern companies have identified the importance of training, and nevertheless to say their training standards have undergone a paradigm shift! 

        A company with an effective corporate training program signals that they value its employees and is invested in nurturing its human assets. 

        Effective corporate training benefits both the company and its employees by:

        1. Accelerating productivity and competency for each job
        2. Building motivation and team spirit
        3. Developing a strong company culture
        4. Stabilizing teams due to lesser employee turnover

        Corporate training has a direct impact on business success. Employees are the actual powerhouse of your company. So when you power them with knowledge and skills, you are powering your business. 

        Here are a few more reasons why you should care about corporate training:

        1. Increased performance and productivity:

        Elevate your employee efficiency by catalyzing productivity and performance by leveraging well-designed training. This will make your organization more profitable. The skill gaps which used to persist while you preferred in-person training will nullify with well-framed corporate training in place.

        2. Higher levels of motivation:

        Bringing your employees under a single organizational structure is a tough task. But training programs help individuals, teams, and departments to collaborate and unite them in achieving company goals without drawing any line between ‘my work’ and ‘organization’s success.

        3. Less employee turnover:

        Paychecks are not all. Employees need more than that. Employees value companies offering flexibility and a sense of purpose. If employees are unhappy with their current job, their likeliness to change job grows, and it becomes too expensive for the companies. 

        You must know that replacing a worker is much more expensive than what you spend on their annual salary. Turnover is preventable if employers keep their workforces engaged and productive.

        4. Strengthen corporate culture:

        Quality training is all about aligning your employees with corporate values and strategy. Training goes in vain if you fail to create a sense of belongingness among your workforce towards the companies. Support them constantly and foster a positive work culture in them by reassuring them that they matter to you. Rest assured, your employees will stand strong for uplifting your company culture.

        Read more: The Role of an L&D Platform in Driving a Strong HR Team

        How to Avoid Training Management Bottlenecks?

        Corporate training is not cut and dry!

        A 2019 Harvard Business Review survey illustrated that companies spend $350 billion annually on employee learning and development programs. This amount does not create any impact, and the cost of employee training all adds up to $13500 wasted per employee.

        It is pointless to make your employees go along any channels but fails to show significant improvement in retaining and developing what they have been taught. 

        Why is employee training so difficult?

        Here are some of the biggest training challenges organizations face with employee L&D :

        1. Reskilling and upskilling digitally for a scattered workforce
        2. Complicated enterprise software
        3. Inability to adjust to remote work culture
        4. Obsolete training approaches
        5. Lack of a proper feedback mechanism for training
        6. Improper evaluation of ROI of training programs
        7. Scaling personalized learning and development
        8. Lack of training time and time conflicts

        Let us have a look at what features LMS training platforms offer to prevent such kind of workplace slowdowns:

        1. Microlearning 

        An L&D platform that offers microlearning provides bite-sized, digestible content that makes learning easy and instigates the urge in employees to undergo training. The micro-learning approach ensures your learners can quickly absorb complex concepts in a simplified format. With learning made simple, employees will look forward to sparing time for progressive training. Microlearning is a reliable approach for corporate training programs to ensure knowledge retention in the best way possible.

        2. Mobile Learning

        Mobile learning is very relevant in today’s modern-day workplace. With more people pinning on their mobile devices for their daily chores, mobile learning facilitates training anytime, anywhere, on any device at their fingertips. Your employees can earn a robust training experience with increased flexibility.

        3. Centralized Content Repository 

        Ease your employees’ effort and save time by easily providing easy access to training materials through an L&D platform. You can upload your training/learning materials to a central repository for hassle-free access. Learning content can be crafted in simplified and visually-rich formats that help your employees understand and decipher the concepts. 

        4. Blended learning 

        Different learning modes, such as instructor-led, self-paced, or hybrid learning, provide enriched learning experiences. Employees can choose their mode of learning that suits their convenience and learning graph. Blended learning makes training more efficient and accessible and encourages learners to partake in more training.

        5. Gamification 

        An L&D platform with a gamification feature is more important now than ever. The gamification ingredients like leaderboards, badges, and points can help employees learn their courses in fun and stress-free. Gamification in L&D platforms nurtures a healthy competitive environment among employees. You will witness better productivity, and more people will be willing to spend time on a gamified learning platform.  

        6. Personalized Courses

        You can curate and host customized courses for your employees based on their skill sets and competency levels. This equates to delivering the learner with the training of his interest and need, opposing the traditional one-size-fits-all courses. This feature not only optimizes learning but also provides a unique experience to the learners— one that offers quality results.

        7. Tracking & Reporting

        Tracking the learners’ progress and reporting capabilities are of utmost importance to an L&D platform. Customized dashboards provide data insights on every aspect of training activities, from learner engagement to course effectiveness. LMS reports give a detailed overview of your organizational training strategy and assist in making decisions for further improvements.

        Read more: Is Synchronous Training Appropriate for Today’s Workplace?

        How can an L&D Platform like Skill Lake Help?

        Business impact is what matters in the end. Training and business results have a clear correlation which companies generally overlook. An L&D platform like Skill Lake accelerates the learning and development trajectory of every employee in an organization, alongside ensuring individual traceability.

        Skill Lake has multitudes of features that can accelerate organization training like (pictorial):

        1. Competency mapping
        2. Personalized training paths
        3. Dual learning modes
        4. Holistic learning
        5. Aligned to business needs
        6. Enterprise-ready LMS 
        7. Higher learning retention
        8. Scalable training
        9. Intuitive dashboards 
        10. Tracking and reporting
        11. Gamification
        12. Learn from anywhere, anytime, on any device
        13. Keeps organization updated

        Skill Lake is the best way to ensure that training is not simply about completing courses but is about keeping learning and development ‘continuous’ and ‘optimal’. To experience how Skill Lake works, take a quick demo.

        Aarathy Jayakrishnan

        Aarathy is a Senior Digital Marketing Analyst at Skill Lake. She is majorly into content marketing and focuses on getting the messaging right across a host of marketing collaterals. While not working on content, you can find her juggling SEO, social media, branding, and more. She enjoys exploring new frontiers in digital marketing and the associated challenges keep her going.

        L&D Platform

        How an L&D Platform Simplifies The Onboarding and Employee Experience Journey?

        Is your company equipped with the workforce skills to thrive in the rapid evolution of technology and business models? Can an L&D Platform be a one-stop solution to all your employee management challenges?

        Research by McKinsey states that as many as 375 million workers globally might have to change occupations in the coming decade to meet company needs. Automation could free employees to spend 30% of their time on new tasks.

        Having shared the statistics, let us ask you one question- How automated is your workplace?

        Automation can begin from employee onboarding to performance reviews. We could expand automating your workplace across different processes. But for now, we intend to throw some light on onboarding and employee experience.

        Here’s how an L&D platform can be the single-handed solution for the challenges faced by organizations.

        Organizations commonly face employee onboarding challenges like too much paperwork, lack of role clarity, information overload, or tech knowledge gap. Whatever your challenge is, companies with the most engaged employees provide higher customer satisfaction with half the employee turnover compared to their peers and get a decisive competitive advantage.

        On the contrary, organizations encounter employee experience challenges: unsuccessful attempts to implement the right tech tools, poor management of remote employees’ experience, lack of understanding of employee needs, or gap in measuring the elements of employee experience.

        A Learning & Development platform can effortlessly resolve the above or any employee experience challenges and boost business returns. Gallup study shows that organizations in the top quartile of employee engagement will have 21% higher profitability.

        Why is the Employee Experience Turning Imperative?

        In a competitive world, you hire top talents for your company’s success. But are you doing enough to retain them?

        In a scenario of mass resignation, what are the best practices to keep your employees satisfied and challenged? This is the point where employee experience plays a crucial role!

        When you foster a sense of belonging among your employees through a good employee experience, you are involuntarily creating individual brand ambassadors.

        What are the benefits of building a positive employee experience?

        1. More productive and engaged employees
        2. Increased quality of work
        3. Low absent rates
        4. Better customer relations
        5. High retention rates
        6. and a lot more that goes beyond the bottom line.

        With a positive employee experience, your company creates a win-win for employees and employers.

        According to a Forrester report, nearly 80% of employees said that employees’ experience initiatives improved their productivity and quality of work. Nearly 77% of HR leaders said employee experience initiatives had increased revenue, and 61% had seen improved profitability.

        Read more: How Can L&D Platform Be The Virtuous Tool To Enforce Employee Retention Strategies?

        How Can Companies Handle Onboarding and Employee Experience Challenges with a Learning and Development Platform?

        A robust L&D platform can tackle your onboarding challenges by creating a better learning experience. Employees can learn as they work with the help of curated knowledge shared by their managers, team leaders, and other experienced employees.

        An L&D platform can offer employees learning materials that include complete courses or targeted resources made available in various formats like texts, infographics, audio, video, or graphics necessary for employee learning and development. 

        The key features of an L&D platform in tackling employee onboarding challenges are:

        1. Continuous Learning

        Your new hires can access the learning content from any device. This implies that they can learn anywhere, anytime, and from any device, and their training won’t be limited to particular training sessions. With a perfect L&D platform, onboarding simplifies to a phase where employees access the necessary info round the clock, thus making learning a continuous process. 

        2. Narrowing Down to What the New Hires Need

        You can leverage the fundamental feature of an L&D platform where only the relevant information is served on a need-to-know basis during the onboarding phase. New hires can keep track of the different actions while they get on with their jobs. L&D platform can ensure new hires complete the important stages of onboarding training without taking time away from their work hours.

        3. Onboarding Training through Microlearning

        Do not clog your employees’ time with a large amount of training information. Onboarding using an L&D platform with a microlearning feature feeds your employees easily digestible small chunks of information capable of bridging their knowledge gaps. Micro lessons can facilitate simultaneous quick learning, supporting the new hires’ performance in the workflow.

        4. Captivating Learning Environment

        The onboarding journey should be formative, short, and crisp for the new hires to quickly adapt to their team and the organization at large. An L&D platform can offer user-generated content that transfers the knowledge of experienced employees to new hires. Rest assured, onboarding through an L&D platform can make training relevant and instantaneous. 

        Now let us go over how an L&D platform can be worthwhile for handing out employee experience.

        We have a question: Have your employees complained too much about the extra clicks, lengthy course catalogs, and monotonous ‘look and feel’ of your current L&D platform?

        Well, time to upgrade to a robust L&D platform!

        An L&D platform includes many approaches to provide adequate and speedier ways to connect your employees with suitable content.

        Employees are the backbone of your organization, and your people-first approach can create a unique brand identity for your company. So an L&D platform that provides a good employee experience will boost the employee-employer relation, promote dedication among employees to work towards business growth, and improve your employees’ customer service standards.

        Even though productivity and customer satisfaction are the common benefits of an L&D platform, it also paves the way for a good employee experience. Some other benefits include:

        1. Talent attraction and retention
        2. Business growth and better ROIs
        3. Collaborative work environment
        4. Positivity and commitment among the workforce
        5. Employee engagement
        6. Brand Advocacy

        Do you think your company is ready yet to shift towards a progressive and competitive learning and development strategy?

        See how Skill Lake helps.

        How can an L&D Platform like Skill Lake Help?

        Skill Lake is a comprehensive L&D platform that has multiple features to accelerate the learning and development of your workforce. You can provide job-based or skill-based training to your employees based on their skill gaps or learning history. Skill Lake is a perfect tool for identifying, planning, and tracking the individual growth trajectory of your employees.

        Skill Lake offers personalized learning, dual learning modes, competency management, instant feedback, a content hub, gamification, and much more. Apart from promoting employee satisfaction and retention, it also boosts business outcomes while retaining top talents in your company. 

        Talk to our experts or take a quick demo to learn more about Skill Lake and its exclusive features.

        Sachin Krishna

        Sachin works as a part of the digital marketing team at Skill Lake. He believes in a healthy and resourceful web and does his own little contributions for the purpose by creating and disseminating innovative and quality content