Standing on the edge of competition in the world, there is hardly any business in the world that is not looking out for its employees and their training.
The question is not even about the need for training anymore but for faster, more effective training. And with the simultaneous growth of this need and the stand of eLearning, many solutions have been formulated to help companies.
One of the crucial solutions has been a learning management system or an LMS. These tailorable, robust platforms have given companies a highly convenient method to train their employees as they like and show visible benefits.
So if you are thinking about what benefits the right LMS brings to the table for your company, here’s everything you need to know. Read on.
What is an LMS?
A learning management system is a cloud-based or offline software that can help you in learning & development by the administration, tracking, reporting and regulating it. Loaded with many features, an LMS can help in automating your entire online training. Not only this, but they can be customised to add smart features like gamification for increases interaction and retention.
How can LMS improve training?
In a traditional setting, the failure of training lies in its ambiguity. There is no specific criterion for keeping a check of the progress, results and effects of it, except for the word-of-mouth feedback.
A Learning management system helps you by taking away this ambiguity and gives you precious data to scale your processes.
Let’s see how.
- Keeping track of learning
Be it onboarding, compliance or skill training, LMS helps you in tracking the development of training from start to end. It records the data of individual performances, their progress and even their data of their quizzes. With the help of this kind of objectified information, you can quickly formulate your further training programs to focus on the areas that need the most work.
- It prompts
Your LMS can also prompt you at times when re-training is necessary. This feature ensures a constant and consistent learning environment for the employees and helps them keep up with the latest developments in their niches.
- It is highly accessible
With technology soaring high in the world, LMSs can provide eLearning accessibility on smartphones. So even if someone misses their session because of time-zones difference, urgent meetings, client visits, or any other significant cause, these courses are available at the ease of the trainees’ availability.
Also, new-age LMS is designed to be user-centric. And this user-friendly LMS software is highly intuitive and straightforward for everyone to use.
- Real-time auditing
You can track your learners’ progress at any given stage of training, generate a report and audit in real-time.
How can LMS help a business?
Eliminating the ambiguity can make your data and reports crisp. At the same time, make your training process more effective.
And these features, in turn, impact the performance of a business as a whole, also.
- It enhances performance and productivity
With the feature-rich platform of an LMS and the effectiveness of eLearning, employees can implement their learning right away. And also, with eLearning, trainees require to put in about 40%-60% less time than traditional methods, thereby, improving the overall productivity.
- Faster training completion
When it comes to onboarding and compliance training, it might take a while for companies to complete them. However, with an LMS, the induction of new employees can be done much more quickly, faster and in a regulated way.
- It reduces the cost of training
Being digitally available, an LMS can help modify an eLearning course as and when required without investing heavily on new content creation. Also, when trainees are not required to travel, bearing the travel cost, or attend expensive seminars (when some trainees unavoidably end up missing it), the cost of training is bound to go down.
Lastly
When it comes to the benefits of learning management systems, the points mentioned above are only the tip of the iceberg. Features like:
- Microlearning
- Customization
- Gamification
- Personalisation
- Social learning
and many more are what make an LMS as hype-worthy as it is.
When this kind of engaging learning experience is available in the world, why go for the traditional way?
