7 Reasons Why You Should Consider Investing in a Learning Management System (LMS)
A learning management system (LMS) can be an invaluable tool when it comes to taking your training to the next level and improving employee engagement and productivity. But with so many LMS options on the market, choosing the right one can be overwhelming and difficult. Don’t worry! Here are seven reasons why you should consider investing in an LMS, regardless of your business size or industry vertical.
At its most basic level, a Learning Management System (LMS) is used to record learner data. And there are some advantages to measuring just about everything you can think of. For starters, it will help you: understand what’s working and what isn’t; provide better customer service; use resources more efficiently; deliver higher quality content (and get less complaints); reduce churn by allowing learners to self-assess; allow for ongoing tracking of performance metrics; and give your team insight into progress over time (if used effectively).
Learning management systems (LMS) are tools that help people learn. Online learning has exploded as an industry, due to its convenience and ability to teach people without having to be present. Organizations invest millions of dollars every year into online training, while they barely invest anything into LMS, which is just as important as online training. This could cause some issues later on because many employers will require evidence of employees’ ability to learn through online platforms. If your company doesn’t use one, it might be wise to start now so you can provide future hires with evidence of their abilities. We’ve compiled seven reasons why LMS are important for you and your organization
Learning management systems can also be helpful for organizations that want to invest more heavily in adaptive learning. The biggest draw of adaptive learning is its personalization—one of its most attractive attributes for learners and businesses alike. That being said, it’s also important to realize that putting together an effective adaptive learning program requires more than just buying a fancy software solution. One of its major benefits is predictive analytics; however, these predictions are only as accurate as your data makes them. If you haven’t been keeping up with your organization’s training needs, or if there are gaping holes where you need data but don’t have it, then you could end up wasting money on an ineffective system and offering poor experiences to your learners.
Learning management systems are great for employee recognition. Whether you choose to reward for different types of achievement (e.g., gold star stickers for weekly participation, silver pin for average weekly feedback scores greater than 3, bronze trophy for most improvement over past 6 months) or point programs (5 points/week = lunch with your manager), employees like feeling recognized and knowing that their hard work is noticed. According to managers, leaders and HR professionals we surveyed earlier this year, learning management systems are particularly effective because they allow them to publicly praise their employees and promote transparency throughout organizations by giving an easy way to recognize anyone at any time. Learning management systems give recognition directly where it’s needed most: in front of peers!
One Stop Shop for All Training
Training employees can be expensive. The average company spends $1,300 per employee on training and development.1 So when it comes to administering, tracking, and auditing employee training activities and programs, you want to make sure that you’re making your hard-earned dollars go as far as possible. A comprehensive learning management system (LMS) can help you do just that. An LMS gives your enterprise one centralized tool to manage all of its internal and external training programs—from development through delivery—and even provides visibility into their effectiveness.
Collaboration Tools That Help Close Gaps
Does your learning program include collaborative tools that let participants interact with one another? If not, then there’s no question you’re missing out on some valuable opportunities. Leveraging social interaction tools can help draw attention to insights from outside perspectives and increase discussion while also making sure people aren’t rehashing information they’ve already seen or said. Here are five great LMS collaboration tools to consider including: wikis, blogs, forums, chat rooms and quizzes.
With an intuitive interface, employees can manage their own schedules, set up e-learning courses, and access any information needed to do their jobs more efficiently. The more intuitive your system is, the easier it will be for employees to use—and that ease of use also translates into higher adoption rates. Even if you already have a solid training program in place, automating or digitizing your e-learning program is almost always worth it. According to research from Gomez Inc., 91% of companies surveyed saw ROI on their LMS within six months . Implementing an easy-to-use learning management system from day one may even help give you a leg up on competitors who aren’t investing as heavily in learning and development.