As we slowly come closer to the end of 2019, it’s that time of the year again to look at what ‘was’ and what ‘will be’ in the year to come. Every year brings with it a flurry of new trends, mostly driven by emerging technologies and innovations, which transform employee training just a little bit every time.

With the global eLearning market on a growth trajectory and poised to touch $15.72 billion by the year 2021, it is up to organizations and L&D leaders to get ahead of the curve and start planning and strategizing to leverage the newer learning and learning technology trends for the coming year/s.

Over the next few weeks, we will take a detailed and comprehensive look at what L&D leaders must embrace and what they need to let go of in 2020 and beyond- be it in terms of eLearning, learning delivery, employee engagement, new and emerging technologies and more.

In Part 3 of this series we explored the emergence of Learning Experience Platforms. Today, we explore the importance of Online Content Libraries and how L&D leaders can leverage them to reskill/ upskill the workforce.

Importance of Online Content Libraries

The urgency for employee upskilling/ reskilling has peaked in organizations across a multitude of industries all over the world. Learning technology solutions like the LMS and LXP are driving the effectiveness and ease of access of eLearning content, whereas the necessity to skill the workforce for the future is increasingly becoming business critical.

With more focus on the employees’ learning experiences and their professional development, L&D professionals have more to gain from leveraging solutions that ensure the success of their eLearning project, and one of the few solutions to have proven highly effective in this case are Online Content Libraries.

L&D professionals yet find themselves struggling to choose between custom-developed eLearning courses and online content libraries. Although both options have benefits and advantages of their own, organizations stand to gain more value from leveraging an online content library to effectively skill their employees.

They say that ‘a good start is halfway to success’, however one of the many reasons why many L&D programs end up unsuccessful is because they never take off in the first place, let alone other factors like user adoption, reception, engaging learning technology solutions; and often times a project never kicks off due to the unavailability of training courses.

While creating custom courses demands a hefty investment of cost and time for selecting vendors, planning and developing courses and testing them on your learning platform, an online content library is an online repository of eLearning courses that have been pre-created, and are available online for ready usage. Such extensive libraries of eLearning courses and videos offer a vast spectrum of training content and are designed in close consultation with domain specific Subject Matter Experts.

Furthermore, these content libraries are available in several formats, including text, HTML and videos, micro-learning snippets and more. In addition, these courses are mobile optimized and cover a multitude of topics, from hard skill, soft skills, technical knowledge to trending digital technologies.

Evidently, then, online content libraries are quite effective to kick start newer eLearning projects.

Role of Online Content Libraries in 2020 & Beyond

According to the popular news platform, The Independent, “Next global financial crisis will strike in 2020, warns investment bank JPMorgan – sparked by automated trading systems.” Meanwhile, Forbes suggests, “2020s might be the worst decade in US history, triggered by contagion from a global credit crisis.” Such reports clearly point towards ongoing concerns regarding an impending global economic crisis and its inevitable fallout. Moreover, it appears that 2020 is the year that crash 2.0 finally makes landfall. So, what does this mean for L&D?

Let’s face it- while improving employee engagement and productivity is still a major focus for organizations, when facing an economic crisis, the percentage of budget allotted to L&D inadvertently disappears. However, slackened budget doesn’t have to affect your employee L&D. To a larger extent, L&D can subdue the panic by reassuring the workforce through reskilling/ upskilling initiatives. But, to function effectively under a stringent budget, L&D professionals need adopt an agile approach along with effective learning tools.

Organizations often turn to L&D in the face of critical business challenges, ones that require urgent employee skilling. In such cases, organizations need a quick fix, with hardly any time for developing custom content. As a result, an organization’s go-to-market will happen quickly with the help of an online content library. 

Content libraries don’t require extravagant budgets to buy. And, learning technology solutions or an LMS with a built in content library are highly effective in delivering training, where organizations can plan training initiatives whenever they want, as the courses are readily available on several online marketplaces, like Cegos, Biz Library, Udemy, LinkedIn Learning among others.

One of the greatest advantages of content libraries is the limitless availability of diverse courses, including Business SkillsInformation TechnologyMarketing & InnovationFinance & Management and many more. There is something for everyone to aim for individual as well as collective development goals, along with the ability to choose diverse topics, help build the necessary skills needed for the future of work.

More importantly, content libraries are a great resource not only for small and medium businesses but also for anyone who is in need of training. Enterprises especially leverage content libraries to complement their custom eLearning programs to achieve a greater learning impact. And, equipped with an LMS with a built-in content library, organizations don’t have to worry about wasting time and/ or money anymore.

Takeaway

Each year, organizations invest millions into the L&D of employees, as it has now become a key business strategy to produce a future-ready workforce. ELearning has already taken over our workplaces and global organizations need to focus on offering content libraries to boost their eLearning programs.

With the help of online content libraries, organizations can provide widespread training options for anybody and everybody in the organization by giving them the opportunity to learn and enhance their skill sets. To get the best out of a content library, choose the right LMS that suits your requirements and one that will enable you to achieve your learning goals.

Next week we will explore the rise and rise of Mobile Learning and how L&D leaders can leverage mobile devices to maximize training impact.

To know more about UpsideLMS’ built-in Content Library please visit https://www.upsidelms.com/online-content-library

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