The word LMS has been trending in workplace training for quite a while now. So have you heard about it? If yes, do you know what it means? Well, if you have questions, you have reached the right place.
A Learning Management System, or LMS, is a piece of software that allows businesses to achieve two primary objectives. First — centrally organize the workforce’s training requirements. Second — so that they can improve, they should get feedback on the training they did. As a result, the term ‘System’ was coined.
Now, your question might be — we can achieve both these things via PowerPoint/Doc presentations and emailing or sharing them with everyone who needs to learn. Isn’t it a lot easier than deploying an entire software system?’ Well, we agree to disagree!
When you’re a small business, the strategy outlined above works effectively. However, when your company grows, you will be unable to keep track of who has completed the course, comprehended the learning objectives, and received feedback on the course’s quality.
Emails, shared drives, and learning portals are sufficient until you have a company of roughly 100-200 employees. Beyond that, especially when you have dispersed staff, the process starts to fall apart. You can’t afford it because your workforce’s lack of training and understanding of your goods, solutions, and offerings will have a direct influence on your capacity to upsell to existing customers and gain new ones. This is when the concept of an LMS comes into play.
What should you look for in a learning management system?
The answer can be lengthy, but here is a quick rundown of the major qualities to look for:
1. On mobile, it should look great. Your entire team receives regular updates on their smartphones, and you can anticipate learning to continue as well.
2. Should be able to work without an internet connection. Your students will finish the course at inconvenient times. They moved at their own pace and in their own space. The internet may or may not be available at all times.
3. The option to design bespoke courses is built-in. Specialized eLearning course production software can be expensive and requires specialized skills to use. Instead, you’ll need a simple fix to get that up and running. As a result, there’s a built-in content management feature.
4. Uses a cloud-based or SaaS-based solution. Traditional LMS have required a very big set of in-house tech infrastructure, which is not a luxury most expanding businesses can afford. You save money with the SaaS-based solution since you only pay for the number of employees you have, and you may adjust your payment plans as your business grows.
5. Visual insights on how your employees’ learning experience is being used, progressed, and performed. That’s the only way you’ll be able to figure out what’s working and what needs to be changed.
What are the benefits of an LMS?
The shift from traditional, offline training to eLearning may appear difficult, but the benefits are well worth the effort. Companies gain $30 in productivity for every $1 spent on eLearning. Furthermore, having the appropriate technology in place will make the shift go more smoothly.
The following are some of the advantages of using a learning management system for training:
1. Reduce training costs: Rather than having to schedule new events (e.g., conferences and presentations) every time you want to train staff and customers, it’s more cost-effective to invest in LMS software once and utilize it for all of your training programs.
2. Quickly update content: Your training manuals don’t have to be outdated anymore. You can make adjustments to your training content on the fly when everything is online. Written materials and in-person presentations are less successful because you’ll have to start again every time something changes.
3. Train regardless of location: Remote workers should not miss out on training chances. You don’t have to spend time and money bringing everyone into the same room, whether they work from home or from another place. Even while working from afar, virtual training can assist in the development of learning programs.
4. Involve and motivate students: Training isn’t always about learning new skills. It’s sometimes a matter of familiarising yourself with company policies or comprehending compliance regulations. In those situations, training may seem unappealing. You can use your LMS to include some interaction and gamification components (e.g., quizzes, prizes, and internal competitions) to ensure that learners stay focused.
5. Learn on the go: Learning programs might cause productivity to be disrupted. Conferences held during working hours, for example, require individuals to leave their jobs on a certain day and time. However, using an LMS for training allows employees to continue learning even while they are not at work.
6. Increase employee retention rates: Employees place high importance on career advancement. Create an online course library within your LMS to give them the opportunity to improve their abilities. If you provide courses that boost company knowledge and assist people to obtain new abilities or grow existing skills without migrating to a different function, this might be a win-win situation.
7. Keep track of results: Measuring the success of a learning program is time-consuming. However, an LMS relieves you of some of that load. The majority of LMS platforms generate user engagement data (e.g. how often users log in, when they finish a course, etc.). LMS reports can also be used to assess your courses based on how well students perform on follow-up assessments and assignments.
8. Foster a culture of continual learning: Because offline training programs are difficult to organize, they are normally held once a year or as needed by the firm. However, ready-made courses, online presentations, and webinars make eLearning courses easier to offer.
Which is the best LMS?
PlayAblo, a technology, and app-based learning management system, can have a quicker impact on training and learning reinforcement. Its engaging interface facilitates learning, resulting in better employee capabilities and corporate performance. This mobile-first, engaging learning platform with easy setup and roll-out capabilities is embedded with additional features like gamification, LCMS, and a dashboard to display learner outcomes. Visit our website to know more about what we do and how we might be able to help you in the journey.