Learning Management Systems provide unique insight during the training process
A Learning Management Systems (LMS) is a software application that can provide online learning to students in an educational institution and to employees in an organization. It can also track their progress, evaluate results, and send evaluation reports to the management for further evaluation. Companies that provide managed training services will ensure that employees receive effective training and track their progress as they complete their training
It also helps the management identify top talent and further their skills and training with more online courses so that they are resourceful to the organization. Here are some ways in which an LMS can impact corporate training.
LMS allows trainees to access their courses and lessons anywhere at any time. Since these courses are offered online, trainees can access them at their own convenience. This reduces the pressure of having to coordinate and fix timings, dates, and venues of in-person training. Due to an LMS, multiple employees can receive training simultaneously without having to face any time difference or travel challenges. This feature is particularly beneficial for global offices.
- Cost Saving
An organization’s training budget can be greatly reduced by using an LMS for training its employees. Learning Management Systems will save an organization money on trainers, training venue, stationery, travel costs, etc. All the money that used to be spent on training its employees can now be used for other initiatives or be added to the profits of an organization.
Sometimes due to the high costs of training employees, organizations skip on the training which will not help the employee reach his/her full potential at work. Training is extremely important for higher productivity and now with LMS, it is affordable.
- Track Progress
An LMS software tracks each student’s progress, evaluates results, and analyzes their track record for the benefit of management. LMS sends progress and evaluation reports to management to keep them up to date with their employees’ training. This feature of LMS helps management identify good talent, provide them with further training to enhance their skills, and also helps in making promotion decisions.
Evaluation reports also enable management to intervene if they want to give some feedback to a trainee or help them out with their lessons or courses.
- Manage Courses
LMS gives the management complete control over the courses offered and allows them to edit or change the courses whenever they want. This enables management to add or subtract courses depending on what they want to teach their employees. Management can alter their courses as per the employee’s progress and training evaluation. They can add certain courses that they feel might be more beneficial to an employee or they can add sub-courses for a more detailed training in a course.
Depending on the needs of the organization, you can choose an LMS which best serves these needs. To help you make a decision on a Learning Management System, you can get some free LMS consulting which will help you identify the best LMS for your organization.
- Lower Employee Attrition Rate
Research has shown that employees are more likely to resign and leave a company if they do not receive any training or learning in the company. Providing employees with training and ensuring that they get a chance to learn and grow in the organization, is going to bring down the employee attrition rate. Less employees will quit an organisation if they know that they have a scope of learning here.
LMS software is getting tremendously popular due to the flexibility in training and lessons that they provide. An investment in Learning Management Systems will result in higher productivity of employees, cost saving in training budgets, improvement in employee training owing to the progress reports and feedback. All of these factors will eventually contribute towards the growth and profits of an organization.
Written by: Christopher Pappas
Christopher Pappas is the Founder of eLearning Industry’s Network, which is the largest online community of professionals involved in the eLearning field. Christopher holds an MBA and a MEd (Learning Design) from BGSU