Online training is an effective way to ensure your employees have the knowledge and skills you need in your organization.
However, staying on top of your employee training and learning needs can be difficult, especially when you have multiple workers within departments taking different courses. Learning Management Systems (LMS) enables employers to provide, track, store, and manage online training and learning materials.
If you are still contemplating investing in a Learning Management System, here are some of the software’s benefits to help you make an informed decision.
1. Organizes training materials in a single location
Training content is often stored in different hard devices and drives when using traditional training systems. This increases the chances of losing content and data related to employee training and learning.
However, with Learning Management Systems (LMS), all information is stored in a central location, improving data security. Since most LMS solutions are stored in cloud-based environments, it is more straightforward for your team to access any information remotely.
Invest in a learning management system with features and offerings tailored to your company’s requirements to get the best results.
2. LMS saves time
Learning management systems provide learners or employees with only the information they require in an organized and direct way.
Your employees do not have to move from one training centre, classroom, or HQ for training or sit through a lengthy training session. Instead, they tap on online modules and absorb the necessary knowledge and information.
They can also evaluate their understanding by participating in interactive simulations and scenarios, watching videos that outline complex tasks and processes, and taking online quizzes and exams. This ability to learn as and when it is convenient for employees enables them to save time. It also reduces the time spent organizing online courses.
3. LMS provides unlimited access
Unlike a traditional learning approach, where employees or learners are expected to learn at the same pace, such constraints do not exist in an online learning platform.
Once the Learning Management System is installed and the learning materials uploaded, your team gets unlimited access to the content. This means they can repeat, pause, and play the same content until they understand the information.
Since all information is available on the platform, your team does not have to wait until the next training session to continue learning. Learning Management Systems make it easier for fast and slow learners to obtain relevant information and knowledge efficiently.
4. Saves money
Most organizations put off investing in a Learning Management System due to the high initial expense. However, LMS provides tons of money-saving opportunities.
For starters, unlike a traditional training approach where you have to rent a training location, pay instructors, and incur the expenses involved in printing the training materials, there are no such costs when using LMS.
Your employees just log into the LMS portal and access courses at their own pace and convenience. Learning Management Systems also cut the mileage costs incurred in a traditional training method.
Before investing, research the available LMS in the market and compare prices to avoid paying more than you should.
As your business grows, you may need to expand your employee training initiative or hire more people, so you need a learning management platform to accommodate your needs. One of the top benefits of investing in a Learning Management System is easier scalability.
An effective learning management system can handle large chunks of information and unlimited users without malfunctioning. Thanks to cloud-based environments and modern servers, your organization can adjust and monitor capacity according to the Learning Management System usage to ensure efficiency and reliability.
6. Reduces employee turnover
Lack of relevant skills and knowledge reduces employee morale, leading to employee turnover. This does not only lower productivity and efficiency.
It also results in spending more cash to recruit new hires to fill positions. Investing in a learning management system will equip employees with sufficient knowledge to handle tasks. This improves staff morale, satisfaction, and retention.
7. Keeps your organization up-to-date with compliance regulations
Companies must stay up-to-date with current compliance regulations and standards to prevent legal suits, penalties, and fines. However, since compliance laws and regulations change regularly, updating a traditional training course to incorporate the changes can be daunting and time-consuming.
A corporate Learning Management System allows you to add new compliance laws and standards to your organization’s online training program within minutes. This ensures your staff is always aware of new compliance regulations, enabling your business to avoid expensive legal implications.
Learning Management Systems also help you update your company’s policies and rules on your course. This ensures all employees are on the same page regarding company expectations, reducing employee turnover and improving customer satisfaction.
8. Allows you to track performance and progress
An effective Learning Management System allows you or the instructor to monitor your employee’s progress and performance on the platform.
Based on your observation, you can implement corrective measures to help them meet their performance expectations or milestones. For instance, if an employee cannot complete a test or scenario successfully, you can offer supplemental resources to help them improve their learning behaviours or performance.
Some LMS also features analytics and reporting software that enable you to identify strong and weak points in your training course. For instance, you could discover that learners often struggle through a lesson. You can then make modifications to your content to help learners understand better.
One of the unique aspects of Learning Management Systems is that you can adopt and modify them to suit your brand. You can incorporate your brand’s URL, logo, banners, images, videos, and colour scheme into the platform to develop a familiar setting for your staff.
The Learning Management System provides endless personalization possibilities. It can be monolingual or multilingual platforms. You could also create different user IDs and portals without investing in additional installations.
Having a branded LMS helps your company’s training program stand out. This boosts employee morale and encourages them to keep upskilling.
Most employers assume that since a Learning Management System encourages virtual learning, it isolates employees and keeps them from interacting with each other. However, this is not true.
An effective LMS promotes social learning and communication where employees can learn from one another. Your team can collaborate to complete various tasks on the platform.
Employees can socialize via the system’s offline discussion forums, host study sessions through video conferencing, and share emails and messages.
11. Allow learning on the go
Providing your employee training course via Learning Management Systems allows employees to learn on the go.
Some LMS are even designed for mobile to enable easier access to learning materials. This means that even when employees cannot attend training sessions physically or access desktops as they travel, they can learn, submit assignments, and track their performance.
12. Promote multimedia learning
A Learning Management System enables you to provide learning materials in text, audio, image, and video formats. This improves your employee’s learning experience and content retention rate.
Some Learning Management Systems can even be integrated into your company’s social media channels, which makes the learning process more attractive, engaging, and collaborative.
If you consider incorporating employee learning and training a significant aspect of your company, you should invest in LMS.
Learning Management Systems organize your training content in a single location, help you save time and money, reduce employee turnover, promote communication, and enable your company to stay up-to-date with compliance standards.
I am Adeyemi Adetilewa, a media consultant, entrepreneur, husband, and father. Founder and Editor-In-Chief of Ideas Plus Business Magazine, online business resources for entrepreneurs. I help brands share unique and impactful stories through the use of public relations, advertising, and online marketing. My work has been featured on the Huffington Post, Thrive Global, Addicted2Success, Hackernoon, The Good Men Project, and other publications.