Education and training requirements are continuously evolving with constantly changing business dynamics and technologies. Evolving job requirements, pressure to retain talent and gain a competitive edge over other market players is compelling companies to set aside separate budgets for corporate training and education. The companies are investing in developing training programs and inducting various knowledge-sharing initiatives. In case if education & training capabilities are not available in-house the companies are collaborating with external corporate training providers.
Corporations need to constantly review their learning strategies to ensure their effectiveness. It involves determining the educational requirements of employees, selecting the best learning approach and picking the right vendor. The corporations can also use employee engagement, satisfaction, team encouragement and productivity to assess the effectiveness of their education and training programs. In fact, companies even support employee education by providing them with flexible work schedules, education sponsorships and competitive salaries.
E-learning is becoming preferred education & training method, and it includes learning through various electronic gadgets like smartphones, computers, notebooks and tablets. Companies are increasingly embracing effective learning methods involving innovative technology to improve skills and employee performance. These include adaptive learning methods, mobile learning (m-learning) tools, and social media is also emerging as a learning method. Growing use of smartphones have facilitated learning through mobile learning apps and mobile websites. Whereas, adaptive learning involves understanding the learning requirements of the employees and developing a learning approach accordingly. Depending on their business requirements, companies collaborate with educational institutions or technological partners to provide learning based solutions to employees.
Growing penetration of learning technologies is driving market for a new concept of learning called massive pen online courses (MOOC). MOOC is a type of distance-based e-learning approach wherein the course content is available online through a pre-course or subscription model. The demand for MOOC will continue to grow due to factors like growing number of connected devices, mass participation, low cost certification and reduced learning cost for corporates.
ASDReport.com provides a plethora of reports on education & training industry. Numerous reports are available on education ERP, virtual school and much more.