The corporate training market has been heavily segmented for quite a while now, and most importantly, managed learning services (MLS) are considered a major component of the market. These services include content development, training administration, training delivery, and learning technology management and are essential for organizations aiming to enhance their internal training capabilities. Managed learning services are increasingly being used by businesses to scale their learning and development efforts whilst maintaining control over training budgets.
As a result, market analysts predict ongoing expansion for these purposes across various organizations and regions worldwide. As reported by the SNS Insider, the Managed Learning Service Market was valued at USD 3.59 billion in 2023 and is expected to Reach USD 8.79 Billion by 2032, growing at a CAGR of 10.46% over the forecast period of 2024-2032. The managed learning services approach presents an enticing alternative for organizations looking to reshape their future L&D strategies amidst wider digital disruptions, the ongoing industrial revolution, and technological advancements.
The Shifting Sands of Workforce Development
Traditional L&D typically involves ad-hoc training, limited budgets, and a reactive view of skill gaps. This approach can no longer work in a world where employees must quickly adapt and continuously learn new skills. Now, organizations are becoming more aware of the best way to approach workforce development from a strategic and proactive perspective, aligning learning to business goals and allowing individuals to take ownership of their workforce development on a personal and business level.
As a result, MLS has emerged as a more comprehensive and effective learning solution. Collaborating with an MLS provider gives organizations access to expertise, technology, and resources they may otherwise not have in-house. This allows them to focus on their core business while leaving behind the learning management complexities to the specialists.
How Managed Learning Service Providers Accelerate Workforce Development
Here are some of the major advantages of working with MLS for accelerated workforce development:
- Access to Expertise: Every managed learning service provider has a team of experienced learning professionals knowledgeable about instructional design, learning technologies, and learning and development (L&D) best practices. These also provide powerful expertise, enabling organizations to design and implement more effective learning programs suited to their needs.
- Scalability and Flexibility: Managed learning services can be quickly scaled up or down based on the organization’s changing needs. This is even more important in fast-growing organizations or during significant transitions.
- Cost-Effectiveness: Outsourcing learning can be more cost-effective and economical in terms of money, effort and time than maintaining an in-house L&D team in organizations, especially small ones. Because MLS can benefit from scale economies, MLS pit stops can provide higher-quality learning solutions at a much lower cost.
- Outsource Learning Management: As organizations lack the required infrastructure, time and expertise to ensure that learning and development happen, they invest in an outsourcing partner who can do it. This makes them lean and responsive to market needs.
- Everyday Learning-Outcome Goals: MLS providers are focused on measurable delivery. They leverage data and analytics to track learner progress and measure the impact of learning initiatives on business performance. Using a driven approach, organizations can optimize their learning activities and have evidence of where L&D investments are paying off.
- State-of-the-Art Technology: MLS providers are typically willing to invest in the latest learning technologies available, such as AI-powered learning platforms, virtual reality training, gamification tools, etc. Hence, organizations can explore and access new learning solutions that spark learner engagement and strengthen learning outcomes.
- Accelerated Time to Competency: MLS can enable employees to gain new skills and knowledge faster by simplifying their learning process and connecting them with quality learning resources, resulting in quicker time to competency.
- Improved Learner Engagement: MLS providers prioritize producing interactive and engaging learning experiences, motivating learners to prepare. This may result in higher completion rates and better learning outcomes.
How to Choose the Right MLS Provider
Choosing the correct managed learning service provider sets the stage for the successful development of our workforce. Here are the factors an organization should consider to make their decision:
- Experience and Expertise: Select a provider with a proven track record of delivering high-quality learning solutions in your industry.
- Understand Service Offerings: Ensure the provider offers the services you seek, such as content creation, learning technology implementation, or training delivery.
- Technology Capabilities: Select a reseller well-acquainted with cutting-edge learning technologies and a partner who can help you harness them successfully.
- Cultural Compatibility: Choose a supplier that shares sentiments and culture similar to your company.
- Pricing and Contract Terms: Review the pricing structure and contract terms carefully before choosing.
Conclusion
Continuous workforce development is necessary in a more competitive and dynamic business environment than ever. With its longstanding rich heritage in learning development, managed learning services are an efficient model for organizations to step up their learning programs and ensure their workforce has the relevant new-age skills to lead their businesses. The right MLS provider can help organizations revolutionize their learning function, increase employee engagement, and drive business success. With change happening at an even faster rate, the role of MLS in enabling organizations to develop a future-ready workforce will only grow.
Infopro Learning, an award-winning managed learning services partner, revolutionizes learning by integrating AI and performance learning architecture. They focus on performance and align L&D with business strategy. Using skills intelligence and efficient scaling, Infopro Learning empowers organizations to shape the future of their learning organization. They streamline operations, maximize ROI, and drive measurable impact on workforce capability and organizational performance. Their services include strategic alignment of learning with business goals, integrated and risk-free transitions, and optimized learning operations. Connect with them for your comprehensive L&D needs.
