Christopher Pappas — February 26, 2018 As companies grow, the scale of their training grows in kind. Organizations hone in-house talent with employee training to stay competitive — not only to hit sales targets, but also to build the brand’s image and retain top talent.
To accomplish this, companies must help employees strike a balance between personal achievement and organizational accomplishment. This kind of ongoing performance support presents steep challenges for traditional training approaches, meaning companies that need to scale quickly cannot afford to live in the past.
Fortunately, a learning management system can help growth-minded companies maximize results and minimize costs. Business leaders are comfortable with the concept of training, but many hear about elearning and wonder what it is. Spending money on a new LMS might sound counterintuitive to revenue growth, but this initial investment can produce significant ROI in only a few months. That’s why the global market for these systems is projected to grow by 7.2 percent each year through 2025.
For companies scaling their workforces, expanding internationally, or simply improving customer service, nothing implements change faster or more effectively than an LMS. Losing market share or top employees? An LMS can fix those issues, too.
These systems accomplish their impressive feats by focusing on the three D’s of corporate training: develop, deploy, and diagnose. LMSs help organizations develop personalized training that fits their needs, deploy new initiatives on a grand scale, and diagnose areas for potential improvement. With such a powerful tool available, companies of all sizes cannot afford to miss out on the benefits.
The 5 Benefits of Implementing an LMS
The right LMS provides multiplatform-friendly online training resources for learners in one central location. This takes the headache out of tracking and keeps the program running optimally. Further, LMSs coordinate employee training without boring team members to tears. Thanks to engaging, interactive, and entertaining eLearning experiences, a great LMS can keep organizations ahead of the competition by providing several key capabilities, including:
- Improving ROI
Most organizations that lack an LMS claim they’re unable to afford one. However, organizations in competitive markets cannot afford to let tools such as these remain the sole property of the competition.Implementing an LMS eliminates the need to pay for instructor fees, travel expenses, and printed materials. An LMS also amplifies the benefits of traditional training. Learners can log in and participate in activities that are relevant to their roles without ever leaving their desks. For reduced expenses and higher returns, companies must take advantage of this valuable technology.
- Monitoring Learning and Development Initiatives
When some employees receive better training than others, precious resources go to waste as employees overlook best practices in their daily work. Learning and development initiatives close these skill gaps. The right LMS can detect pain points and outline problems through detailed metrics and data visualizations. Trainers can use this information to spot trends and identify holes in education — whether for groups or individuals — and react quickly to plug leaks.
- Improving Accessibility
These days, no one has time to attend lengthy training sessions in unfamiliar places, and the technical distractions of emails and social media are never far away. However, an LMS makes it easy to access online resources anytime from anywhere. Rather than fall prey to the wrong side of technology, employees can take advantage of powerful development tools to brush up on skills or become compliant with new regulations.
- Enhancing Personalization
People learn better when they relate to teaching materials. Rather than force rooms full of people into predetermined molds, LMSs provide employee training in a personalized way. Thanks to this, team members of all experience and skill levels can develop independently within company objectives, creating a consistent customer experience in the process.
- Boosting Employee Motivation
Most employees would rather visit the dentist than attend mandatory training. People find educational sessions to be boring wastes of time. An LMS can change all that by adding a dose of excitement and engagement to what would normally be a miserable experience. From interactive simulations to serious games, a great LMS engages learners to a degree that traditional training (or a dentist appointment) never could.
Employees and businesses both love tools that facilitate growth — but which LMS is the right one? Successful implementations require serious research to vet vendors and try demos of top contenders to find the right LMS. Poor preparation can turn an otherwise promising new venture into a messy, uncoordinated headache.
Before buying, decision makers must evaluate their needs and expectations carefully, looking beyond what the LMS does and understanding why those features will (or won’t) work. By establishing measurable objectives and aligning the LMS to address those issues, company leaders can pick the right LMS and take advantage of the immense benefits this technology has to offer.
Are you ready to take charge of your company’s learning and development? Find the perfect fit for your organization by requesting an LMS quote.
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