According to a report published in PR Newswire, the corporate e-learning market is expected to grow by $ 38.09 bn by 2024, progressing at a CAGR of 11% during the forecast period.1 These stats testify that organizations are outsourcing most of their internal tasks. They majorly outsource hiring, payroll, IT, and logistics activities to take the extra burden off their shoulders and focus on the core functional activities.
Organizations are also welcoming external training service providers with open arms to cater to the training needs of their employees, not one but multiple service providers.
However, as outsourcing scales up, organizations find it difficult to handle multiple training stakeholders.
The fragmented structure of outsourcing, managing multiple stakeholders, inconsistent administration, lack of spend visibility, and content delivery are the few key challenges learning and development (L&D) leaders face while hiring an outsourced services provider.
L&D leaders have recognized Managed Learning Services (MLS) as a suitable approach to address most of these challenges. An MLS provider offers a comprehensive package of multiple services to cater to the learning needs of an organization, including learning administration, supplier management, learning strategy, courseware development, learning management system (LMS) hosting, technology services, and much more.
At Infopro Learning, Inc, our managed learning services framework is based on transforming an L&D organization from a cost center to a profit center by managing the end-to-end execution of entire training.
How Managed Learning Services Helps in Controlling The L&D Costs
Managed learning services provider comes with full-service L&D expertise, managing training priorities and identifying operational efficiencies within an organization, thus reducing the training-related spending.
Supplier management services are one of the functions of MLS providers. Learn more about how learning supplier management services are essential for organizations looking for external resources for learning.
The pointers below list how L&D costs can be efficiently managed using managed learning services:
- Offloading administrative tasks to an MLS provider leads organizations to divert their crucial and essential resources toward other projects. The MLS providers will also help identify processes that eat a lot more resources for no added benefits, can be eliminated, or can be streamlined to perform tasks better.
- An MLS provider opens a channel for easy access to learning and development experts who can help in every field an organization needs help with. Connection with experts in the learning and development field will help enhance the knowledge and skills within an organization without adding extra costs to the training.
- MLS provides training delivery flexibility so that the training is ready to go if a new product is launched or a new partner joins. Organizations can use these developed training programs to upskill and reskill employees and partners during quiet working periods. The training costs can be minimized during these periods as full-time training staff is not required.
- There have been times when organizations need external training programs that can’t be developed internally due to budget constraints. In situations like these, an MLS service provider will provide eCommerce support to successfully create, promote and sell training with an efficient integrated solution. This means that the training program can potentially be self-fund and offer an organization a new revenue stream.
Managed Learning Service providers offer greater control to organizations and help drive cost efficiencies while improving quality and flexibility. The current L&D market trends make it imperative for organizations to outsource their training requirements. This trend is expected to increase in the coming years; organizations emphasize attaining spending visibility and cost savings.
Our learning outsourcing model is designed primarily for global organizations seeking an end-to-end L&D service provider and can be customized to meet the needs of an organization. Contact us to learn more about how our MLS services may assist you in meeting your L&D goals and objectives.