6 Long-Term Benefits Of LMS Software
If you’ve only worked in employee training, a learning management system is the tool you need to take your programs to the next level. LMS software lets you easily upload, manage and deliver online training programs. Whether you are a five- or five-thousand company, LMS can help you standardize and formalize your training programs.
The benefits of LMS go beyond easy course management. A well-chosen LMS (we have an RFP template that can help with that) coupled with a strong L&D strategy can make an impact not only on your training programs but also on your entire company, as we describe below. will see.
1. An Integrated Approach To Training
LMS software benefits learning instructors by making it easier to create courses and disseminate information. Even if your company is too small to support a separate L&D department, an LMS can consolidate your training programs, saving time and money across the company. Without LMS, there is no standardized way to organize or deliver training courses. Instead, most companies build a piecemeal system, where each department creates its own curriculum independently. There is no way to ensure that everyone receives the same information or to standardize processes across departments.
With each department operating separately, the company can spend money on multiple training equipment, which can add up quickly. The piecemeal approach can cause the learning experience to be fragmented or even disjointed. Collecting your learning programs under one LMS can increase cost-effectiveness, integrate the learner experience, and reduce duplicate training efforts. When employees need a specific type of training, they will know where to find it.
Note that consolidating your learning programs does not mean that you have to strictly centralize all your training efforts within the L&D team. Some learning management platforms, such as those that support collaborative learning, make it possible to run decentralized training programs while maintaining a level of internal consistency with your training tools and guidelines.
2. Tangible ROI on Training Programs
One of the key problems facing fledgling L&D programs is the need to develop C-suite buy-in. An LMS collects the data needed to prove the ROI of your training program.
Proving training ROI can be challenging when you only have qualitative data and anecdotal evidence of the effectiveness of your program. Unfortunately, that’s what most personal training programs can offer. Without a comprehensive system for collecting analysis on training and employee behavior, most learning managers struggle to prove that their training is making a difference.
All LMS software provides some level of analytical data that you can use to strengthen your arguments for a larger training budget. With a basic LMS, you can measure course completion rates, which you can then link to performance changes. A more advanced LMS benefits you with even juicier data, such as completion times, student satisfaction rates, and feedback opportunities. A select few also integrate with other software, such as your CRM tool, so you can prove the real-time connection between training programs and increased sales skills.
3. Improved Employee Satisfaction and Retention
An LMS can help you build a more robust L&D program that attracts and retains the top talent in your industry. Employees are increasingly willing to quit for greener pastures. The Work Institute found that nearly 1 in 4 employees consider leaving their position at some point. This massive employee turnover costs companies a combined $600 billion a year in productivity and replacement costs.
Those numbers are scary, but there’s an easy way companies can combat employee shortages: by providing ample opportunities for learning and growth. The number one reason why employees reported job changes was for greater opportunities for career growth. Strong L&D programs have a proven link to employee retention. LinkedIn Learning found that 94% of employees would stay with the company longer if they felt the employer was invested in their careers.
An LMS can help you create these more robust learning programs for employees. You can create learning avenues that employees can use to improve themselves and advance their careers.
4. A Better Onboarding Experience
Use LMS to standardize and strengthen your employee onboarding process for happier, better prepared employees. The stakes are high: Onboarding is an opportunity for you to make a good first impression and start the employer-employee relationship off on the right foot. employees who