Is a Learning Management System a wise business investment?BACK
Is a Learning Management System (LMS) good for business? It’s like asking if more knowledgeable employees are good for performance. It should go without saying that a well-trained and informed workforce will deliver improved service to customers or colleagues.
Improved learning rates for employees, managers and executives leads to a more productive and profitable organization. Better training should save money, improve organizational performance and increase employee satisfaction, which leads to more additional performance improvement. LMS implementation when done right fosters these conditions - a virtuous circle for a continually improving organization.
An LMS is the eLearning tool upon which all online training modules are built. It takes advantage of digital technologies like high-speed internet, mobile and cloud to create unprecedented learning opportunities. 24/7 accessibility to training information, mobile learning capabilities, easy training content or compliance knowledge updating, efficient tracking and monitoring of training progress are just some of the common features of an LMS.
Here are 6 qualities that make Learning Management Systems that essential tool for a continually improving business:
- An LMS acts as a centralized source for learning where important data for training, development and performance can be accessed by multiple members of the organization.
- It reduces the risk of losing important data.
- It makes seamless learning possible by giving even people on the move access to learning.
- It makes it easy to create and distribute an eLearning course, especially for subject matter experts that facilitate the learning of the rest of the organization.
- It allows anyone, especially subject matter experts, to reuse and remix content as well as collaborate for new content.
- There is no missed training. Learners can schedule their training into a busy schedule through short bursts of learning.
- It reduces the need for instructor travel costs, multiple locations and multiple copies of eLearning materials.
- An LMS reduces learning and development time. It can be optimized to give knowledge in an organized and direct manner on a-need-to-know basis. Users can then immediately assess their understanding with on-demand assessment tools.
- An LMS is an efficient way for managers to enhance work performance by first tracking and monitoring progress through training modules. Analytics of members’ progress can then be used to identify areas for improvement and resolve performance issues, as well as track performance milestones.
- An LMS is a valuable compliance tool, ensuring that employees are regularly updated with standards. This helps the business avoid costly penalties and increase the company’s profile and credibility by fulfilling ISO or other requirements. It also helps management ensure that employees are aware of company policies.
- An LMS future proofs learning within the organization - meaning outdated and duplicate information can be removed and updated and better learning courses can be added. Misinformation that can lead to higher costs and poor performance is avoided. Updating content also allows management to align training to organizational needs. The LMS becomes a tool for effectively delivering new initiatives consistently across the organization, as well as testing their impact.
- Lastly, an LMS can be used to establish a learning-savvy and tech-savvy organization – attracting better people and establishing a reputation for nurturing.
For any workplace, a quicker and more efficient access to knowledge creates better collaboration and quicker, continual and more cost-effective skill development - the flagstones of successful businesses.
To learn about competitive advantages of learning management systems for your organization, call +63 2 7750632 or visit www.km.adec-innovations.com.