Training Outsourcing at GP Strategies
There has been an increasing trend in the number of companies choosing to outsource their training functions in an effort to reduce and control operating costs, increase speed to market for learning, gain access to training expertise, free up internal resources for more strategic purposes and supplement internal resources. GP Strategies™ offers training outsourcing services ranging from the administration of specific training needs to a comprehensive outsourcing of an organization’s training function and can include the following:
¦Strategic assessment & planning
¦Training content design/development
¦Training delivery
¦Administration/logistical functions
¦Student enrollment
¦Call center/help desk
¦Training logistics
¦Vendor and program management
¦Tuition reimbursement administration management
¦Technology integration
¦Learning Management System (LMS) administration/help desk
¦LMS hosting
GP Strategies provides training outsourcing solutions to a wide variety of market sectors, including:
¦Financial & Insurance
¦Information Technology
¦Electronics & Semiconductor
¦Life Sciences
¦Manufacturing
¦Government
GP Strategies (NYSE: GPX), which has been providing training services since 1966, has been successful in growing its training outsourcing business through winning large, multi-year contracts with Fortune 500 companies. In 2011, it won a major contract with a financial institution to support the centralization of its global training development across multiple lines of its business through various training delivery methods, including web-based, instructor-led, virtual instructor-led, interactive websites and mobile learning. In 2012, GP Strategies won another large contract with a financial institution to provide outsourced learning solutions.
GP Strategies’ typical training outsourcing contract has a three-to-five-year term, providing for long-term customer relationships. GP Strategies has a strong recurring customer base, with over 90% of its annual revenue generated by existing prior-year clients.
