7 Benefits Of An LMS For Your Business

Your employees, along with your vision and hard work, are behind the success of your business. Employee training has always been a decisive factor in developing a skilled workforce and remaining competitive. But, as your company grows, L&D gets more complicated.

A learning management system (LMS) helps you implement continuous training without upsetting the workflow or smashing your budget. Let’s look at the seven benefits of an LMS in detail, which make it an indispensable tool for employee training.

1.) Centralized Knowledge Base

An LMS is a tool where you can upload and store all types of content besides the typical text and audio files. That means you can create a comprehensive training program that maintains its flow and cohesiveness instead of having your content scattered in separate storage solutions. This makes it a lot easier for employees to access and resume their training. Plus, if your course is in bite-sized chunks, they can use it as a Performance Support Tool.

What’s more, over time, you’ll deploy different courses for different purposes and departments. A large amount of training content will accumulate. Keeping it all in one centralized location minimizes the chances of misplacing or losing content. Using a business LMS also means you can manage your courses easily. For example, you can add new material, update, or repurpose old content.

2.) Ensures Compliance

Another reason why an LMS is necessary for business success is that it transforms compliance training. When adherence to laws and regulations is the matter at hand, accuracy and consistency in training are non-negotiable. An LMS for business training ensures the same message gets across all channels. This applies whether you choose to create your own or buy off-the-shelf content.

Also, built-in reporting tools enable you to view whether employees have completed their training successfully and make sure there are no loose ends. In relation to that, another advantage of a Learning Management System is certification management. When a certification expires, the system sends employees a reminder and automatically reassigns a refresher course.

Regulatory compliance is, understandably, your first priority. However, compliance with your internal policies and values is also an issue. Standardized LMS training decreases misconduct and contributes to fostering a balanced work environment.

3.) Reduces Training Costs And Hassle

Finding the right instructor, making accommodation and travel arrangements, taking care of expenses – training costs and hassles are all too familiar. Then, there’s the task of bringing everyone together.

Organizing live training seminars involves some serious schedule making, and it requires time and patience. On top of everything, taking employees away from their tasks impacts the overall productivity of your employees, which is another training cost to consider.

So, a hard-to-miss benefit of an LMS is that it saves you from the mundane task of organizing on-site training and figuring out the logistics. At the same time, an online learning platform for business training helps you develop and deliver training faster and with significantly fewer costs.

4.) Flexible, On-Demand Learning

Having a fixed training schedule often proves to be infeasible. Heavy workload or unexpected circumstances, like an illness, might result in employees struggling both with their training and their job duties. What’s worse, the results are often disappointing on both fronts.

A flexible solution, like LMS corporate training, means employees don’t have to stress over their training. An LMS that supports mobile learning provides on-demand access to training content. This means that employees access the course on their own time, from their preferred device, and from any location. Ultimately, they can set their own pace and be in control of their training.

Flexibility determines whether employees will be able to keep up with their training and complete it successfully. Lack thereof, on the contrary, can discourage them from participating in future courses.

5.) Boosts Employee Performance

Sometimes, there’s no noticeable increase in employee performance after training. The most common reason? Employees didn’t engage with the content or the course didn’t focus on practical application.

Among the many benefits of an LMS is the wide choice of assets and features available. Don’t hesitate to use as many as you can so that every employee learns through a medium they enjoy.

Infographics, videos, podcasts, and course discussions are just the beginning. You can also create simulated activities or branching scenarios to enable safe practice and real-world application. For more challenging pieces of training, use videoconferencing tools to hold live ILT sessions.

An LMS can even transform the character of your training course. For example, you can add gamification features to reward employees with points and badges as they progress. If you need to deploy high-speed training, you can deliver content in a micro-format of three to eight minutes.

6.) Scalable Training

As your business grows, you’ll need to deploy training for an increased number of employees who could be located anywhere around the world. Whatever your organizational needs are, an LMS can accommodate a large number of users without technical issues, like long downloading times or system crashes.

By integrating your LMS with third-party software, like instant messaging and PM tools, you can streamline training-related communications without interrupting employees from their tasks.

Plus, LMS automations and integrations allow you to develop and deploy high-quality training with the same ease and speed as usual. Time-consuming processes, like enrolling new hires in onboarding courses, are done – as always – automatically.

7.) Advanced Training Assessment

Online training platforms come with a number of built-in tools that accurately measure employee progress and engagement. On a first level, you can test their knowledge through quizzes and interactive activities, like branching scenarios.

To get deeper insights, use your LMS’s reporting tools. Your LMS reports shed light on more than completion and participation rates, which is already significant data to have. They additionally measure learner interaction with the content. More specifically, how much time they spent on each unit, which units they skipped altogether, and more.

LMS reports are your most trusted source of feedback. If analyzed properly, they help you create training that hits the spot and appeals to your employees.

The benefits of a Learning Management System for employee training are undeniable. Whether your main concern is reducing training costs, achieving compliance, or simply delivering top-level training, an LMS is a tool you can count on.

Author Bio: Aris Apostolopoulos is a Content Writer for TalentLMS and a faithful follower of the eLearning mentality. He publishes articles related to eLearning, as well as the continuous learning philosophy, and posts on the latest industry news and trends.

 

7 Critical Questions To Ask A Potential LMS Vendor

Choosing a LMS vendor is all about finding the right fit. Download our free whitepaper to make sure you're asking the right questions.Download Now

Speak Your Mind

*