Post the pandemic, working environments have changed. Other than that, you must’ve noticed that many employees either left the company or were laid off due to cost-cutting. This is an added stress for the HR departments of large companies. You can hire in bulk but how to train 100+ onboarded employees about the company and their particular department?
A learning experience platform is the best solution for such recurring issues. Confused? Don’t worry! This #1 guide on the learning experience platforms will help corporates understand the basics of an LXP, how to choose the best LXP and the top 4 learning experience platforms in 2023.
What is a Learning Experience Platform?
When a corporate team customizes learning programs according to its company decorum, brand values, and particular department operations, it is known as a learning experience platform.
Learning experience platforms or LXPs as it is popularly known, help the HR department of large companies onboard new employees and educate them about the company and their particular department with the help of SaaS or Software as a Solution.
For example, if Company A has onboarded 30 employees throughout their marketing and sales department. To physically teach them about the company would waste the manager or HR representative’s man-hours. Hence, the HR department hired one of the top corporate training companies in India that designed a SaaS or customized software that would have learning resources for the marketing and sales department and give a complete tour of the company to the 30 new employees.
The software and resources combined on a platform are known as a Learning Experience Platform.
Key Benefits of Learning Experience Platforms
There are many use cases to tell how a learning experience platform can make a difference in the hiring process and we have listed the most important ones below.
- Saves Man-Hours of Managers
Managers in the middle tier or the top tier handle a team of multiple members or sometimes even handle multiple teams. It becomes difficult for them to train each new employee onboarded apart from their regular task list and meetings.
A time crunch on the manager’s part and no work on the first day for the employee wastes the man-hours of both managers and new employees.
Here’s where a learning experience platform comes into the picture solving both parties’ problems. When software is customized to train the new employee about the company’s business model, rules, and management and also tells them what they have to do, it becomes easier for the manager and also keeps the employees on his toes.
- Makes the New Employees Ready for Work the Next Day
In large companies, through physical training, a new employee cannot be expected to know even the top-tier management leave alone the entire company. A learning experience platform will help new employees get familiar with the company’s executives, managers, and their particular team members.
They will also know the company’s basic information, enough to start working on projects the very next day with their team.
- Must-Have for Companies with Large Hiring Needs
Post the pandemic, the attrition rates in most industries have increased. Currency, according to Business Insider, India’s attrition rate in 2022 stands at 20.3%. This means that out of 100 people hired, 20 people leave the company in a particular period of time.
With so much movement happening to and fro the company, the HR department is always hiring in bulk. A learning experience platform will help the HR Department waste less time per employee if the chances of them leaving are 20-80. Hiring becomes easy and onboarding multiple employees becomes easier.
- Smart Solution for Work-from-Home Employees
In the last decade, we faced a pandemic that made companies realize that a lot of their employees can work from home. Hence, if you are hiring employees who opt for working from home, it is a smart solution to have a customized learning experience platform that can keep the employee close to the company even if they don’t work from an office.
Learning Experience Platforms vs LMS (Learning Management Systems)
An LXP and LMS are often confused as similar concepts but they are a little different in their uses.
Learning Management System
An LMS or Learning Management System is a software that helps offer learning resources, track progress and use analytics to report. An LMS is mostly used by ed-tech companies and often becomes the carrier of products.
For example, if you are pursuing IIDE’s advanced digital marketing course, then you are given access to IIDE’s LMS where you can watch the learning videos, and give quizzes or exams.
Learning Experience Platform
An LXP or Learning Experience Platform is a software that becomes a company’s internal point of communication. It is used to train new employees about the company and offers a single point of access. Companies outsource their learning experience platform needs to other corporate training companies who customize the software according to their needs.
For example, if you are a company hiring multiple employees each day, IIDE Pro helps you with a customized learning experience platform for your company to train your new employees during the onboarding process.
To conclude, both LMS and LXP are customizable softwares with interchangeable features. However, it depends upon the company to determine for whom they want to customize it – their customers or their new employees.
How to choose the best Learning Experience Platform for your company in 2023?
There are various corporate training companies that offer a learning experience platform but not all offer flexibility and customizations. You must be able to communicate your needs clearly to the company so that they can deliver customized training on the learning experience platform.
Secondly, how easy is it for a new employee to navigate through the LXP? The employee is new and already nervous on their first day. The learning experience platform must be easy to navigate through with communicative and motivating language so that the employee feels at home while knowing the company.
Lastly, your collaboration with the corporate training company should be more of a long-term partnership rather than a transaction. Outsource your LXP needs to a company that believes in building trust and helping your HR department throughout the process rather than those who just provide the platform to you.
Now that you know how to choose the best learning experience platform for your company in 2023, let’s look at the top 4 LXPs.
Top 4 Learning Experience Platforms (LXPs) in 2023
Here’s a list of the top 4 learning experience platforms in 2023 along with their details.
1. IIDE Pro
IIDE Pro is considered one of the top corporate training companies in India offering customized training solutions to global companies.
One of the corporate training programs offered by IIDE Pro is a bespoke Customised Learning Experience platform that is customized according to your needs.
Key highlights of this offering are:
- Ideal for onboarding and upskilling needs
- Learning experience matched the desired outcome
- Online, offline, or blended mode of learning
- Leo Burnett
- Asian Paints
- Deepak Group
- Publicis Groupe
- Godrej Professional
- Cadila Pharmaceuticals
- Mobil India
- Mahindra Rise
- Mahindra Partners
- CASA India
- Shrimad Rajchandra Love and Care
- Law & Kenneth | Saatchi & Saatchi
- Estee Lauder
- Atout France
- Numa Paris
- Infinique Marketing
- Blowfish Digital
- 4th Wheel
- The World Bank
Phone no: +91 7304534110
Email id: firstname.lastname@example.org
Continu is a global corporate training company. They offer multiple corporate training programs and one of them is a learning experience platform to onboard new employees.
Key highlights of this offering are:
- Automated workflows for new employees
- Easy onboarding process
- Responsive design
- Track progress feature
- Women Who Code
- Snap Inc
Phone no: (877) 788-1393
Email id: email@example.com
3. 360 Learning
360 Learning offers various corporate training services to top companies across the globe. Their customized training program or learning experience platform to onboard new employees helps companies in automating and decentralize their onboarding processes.
Key highlights of this offering are:
- Automated process
- Personalized onboarding
- Reduce ramp-up time
- Instill human connection
- MPerfect Foods
Email id: firstname.lastname@example.org
4. Centum Learning
One of the leading corporate training companies in India, Centum Learning also offers a Learning Experience Platform service to their clients.
Key Highlights of this offering are:
- Role-based automated new hire induction training
- Integrated learning
- KPI-base training allocation
- Apollo Munich Health
- HDFC Ergo Health
- Airtel Enterprise
Phone No: +91-11-4588 1000
Email Id: email@example.com
What is a learning experience platform?
A learning experience platform is customized software that helps HR departments of large corporations train their new employees with the onboarding process.
Which companies need a learning experience platform?
A company that has large hiring needs and also a high attrition rate must create a learning experience platform to save their managers’ and HR department’s time.
Which are the best learning experience platforms in 2023?
In 2023, IIDEPro is considered one of the best learning experience platform providers. They keep each client’s objectives in mind while customizing the LXP for them.
How much does it cost to develop a learning experience platform?
A learning experience platform can be developed in-house or outsourced to SaaS providers such as IIDEPro. The cost depends upon your needs and requirements.
The need for learning experience platforms is increasing as companies grow and hire more. In 2023, factors such as a high attrition rate affect a company’s hiring and onboarding process and LXP is the one-stop solution for this issue.
Want to enquire about IIDEPro’s learning experience platform? Book 1-hour free counseling session and feel free to reach out at firstname.lastname@example.org or +917304534110.
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