Corporate Training

Corporate Training

What is Corporate Training?

Corporate training is a function of human resource management that aims to provide the organization’s employees with the knowledge and skills required to be successful. In turn, the growth of employees also contributes to the success of the business.

Why is Corporate Training needed?

Technology is a boon to the corporate training segment as it has made the process of business transformation much more well-received and better paced in this constantly changing business environment. While the traditional methods and basic learning objectives of corporate training have noticeably changed, the way in which the training content is delivered has transformed by leaps and bounds and is still undergoing a continuous evolutionary cycle.

A research carried out by McKinsey reveals that about 2/3rd of total business transformation mandates fail as they inadequately meet the objectives set and are not supported by a ‘skilled-enough’ work-force. Hence, the reorganization of the work-force becomes an inevitable task.

In recent years, training and development have become a separate business function with more formal and distinct methodologies and theories. Its also seen as a long-term strategic assignment rather than a cost center for the organization. The majority of companies have embraced ‘continual learning’ and are consciously investing more in it to promote employee growth both professionally and personally and acquire a highly skilled workforce as a result.

With influence and increased budgets, the Learning & Development professionals now have executive buy-in to expand their focus from trying to solve daily challenges to closing skills gaps to remain competitive.