Managed learning services have been around for quite some time. However, the recent hike in the number of L&D activities across organizations has led to the wider adoption of managed learning services.
Learning and development activities are vital components of an organization’s success, significantly as the recent events have increased the need for learning new skills in our job roles. However, the training programs needed today are far more different from those that have been going on for a long time. Today’s workforces need engaging eLearning training programs that align with the latest trends, fulfill requirements without feeding them unnecessary knowledge, and allow them to practice skills in risk-free environments. This has led to a surge in the adoption of eLearning, with its global market size expected to reach USD 840.11 billion by 2030.
On the other hand, arranging and managing such training programs can be massively tedious for organizations as it requires significant effort, time, resources, and budgets.
Managed learning services are an exceptional solution to this problem, as it bridges the gaps that companies have in their L&D initiatives. It enables employers to foster a culture of agility and enrich the learning provisions to:
- Improve teamwork
- Build resilience
- Enhance competitiveness
- Enhance relationships across an organization
- Facilitate innovation, etc.
Outsourcing your L&D responsibilities to a managed learning partner helps you meet the needs of today’s learners cost-effectively and efficiently. Businesses that leverage managed learning services enjoy several benefits. In this article, we will talk about a few such benefits that prove why it is beneficial to choose managed services in the eLearning space.
- Cost Efficiency
In-house eLearning training programs require significant monetary investment as many things have to be managed. Managing such budgets can be an arduous task for organizations with limited financial resources.
Managed services help organizations leverage eLearning in a cost-efficient manner. You can free up a significant chunk of your budget for other revenue-generating activities by offloading the administrative training tasks to a provider. Also, you pay for the services you leverage. Most managed services providers offer inclusive packages at decent rates, allowing you to leverage the best services at nominal rates, which would have otherwise cost you a fortune in case of in-house development.
- Access to More Expertise
No company can have experts pertaining to each niche. Hiring in-house experts is an expensive activity, and the more experts you hire, the more extended budgets you need.
Managed service providers have a network of variegated experts, the expertise of whom is accessible to you once you leverage services from the provider. Having access to a variety of L&D experts and third-party consultants can help you grow your knowledge and skill base effectively without the burden of additional costs.
- Personalized Learner Pathways
Personalized learning pathways are at the foundation of modern learning, as it allows employees to learn at their own pace flexibly and at any time from anywhere. Personalizing learner pathways in eLearning training modules is essential to fulfilling today’s learners’ needs while ensuring effective training. It gives learners control of their eLearning journey and enhances attention, engagement, and training outcomes.
Managed learning services can help you provide expertly curated eLearning resources to your employees. It can help you ensure that learners have personalized learner pathways and all the benefits that come with it. Usually, detailed tracking is also a part of the package that allows you to know the progress of learners and help them accordingly.
- Quality Learning Content Development
In-house eLearning training programs require you to develop learning content yourself. The struggle with providing quality eLearning content is valid, as it involves a lot of effort and expertise to provide learners with relevant content.
Managed learning services can help provide high-quality eLearning content for your learners. With extended access to expertise and knowledge of the latest trends, managed services providers can help you align your eLearning content with the latest circumstances to provide exceptional learning experiences to your workforce. It enables you to save a lot of time, money, and effort while ensuring quality learning content development.
- Learner Support
Every learner varies in the pace at which they grasp learning materials. Some are fast, while others struggle a little. These variances are troublesome for organizations that run in-house training programs with strict timelines. It leads to inadequate training as some learners get left behind, and the success ratio of the training program reduces.
With managed learning services, you can ensure that every employee has access to learner support so that they get through the training at their own pace without missing out on any learning content. You can ensure this without committing any additional monetary resources. It can help you increase learner engagement, improve the success ratio of your training program, provide efficient skill development and ensure clarity of concepts.
- Extensive Monitoring and Tracking
Monitoring and tracking of progress is an essential element of every training program. When it comes to personalized eLearning training programs, monitoring and tracking of every individual’s progress can be exhausting. It requires an exceptional amount of effort, consistency, and monetary investments.
Managed learning service providers can help you leverage unique learning management systems (LMS) empowered with assessment tools, reporting tools, and extensive tracking. It enables you to track each learner’s progress extensively and accurately without worrying about additional expenses.
Managed services have several benefits that make it an ideal choice in the eLearning space. These benefits, ranging from cost efficiency, access to expertise, and learner support to extensive monitoring and quality content development, help organizations provide outstanding training programs to their learners.
However, it is also essential to understand that these benefits remain relevant only if you partner with a fitting managed services provider. Such partnerships require a thorough understanding of your requirements, along with an extensive evaluation of your options.