8 compelling reasons you need a Learning Management System

Why is the 'LearningManagement System' or an 'LMS' a trending buzzword in Learning& Development (L&D) circles in enterprises worldwide? Has employeeskilling/ training gained its due footing amid KPI targets? This blog will help you answer these questionsand find the key benefits of an LMS in elevating workforce training.

Over the past decade, businesses havebeen in a constant flux to gain the desired competitive advantage on the accountof rising complexity and uncertainty within the corporate landscape, and so arethe learning and training challenges that business agility usually calls for. Thepresent digital, information-based economy has a reduced shelf-life forknowledge, consequently placing a premium on reskilling /upskillingto sustain future growth. As a result, theimportance of learning tools and platforms to manage organization wide Learning and Development (L&D) activities is also rising.

An LMS is not only aweb-based application that creates, imparts and manages workforce training, butalso is an integral part of your organization’s L&D best practices. Theprimary responsibility of L&D departments is to build a learning strategythat is based on the company’s business goals. This learning strategy is meantto support the professional development of employees and build capabilitiesacross the company. An LMS is the best possible solution to successfully anduniformly execute this strategy.

Here are eight compellingreasons you need an LMS:

1. Reduces Training Time and Expenses

Skilled employees are necessary for anybusiness to sustain a balanced growth. Their job performance and satisfaction leveldepend a lot on the available opportunities to maintain or enhance theirrelevant skills .This requires a well-planned and ongoing investment in L&D.Successful execution of these L&D initiatives on time and on budget iscritical to garner and sustain support from business leaders. Leveraging an LMSfor this purpose can noticeably reduce the training expenses and time ascompared to other available methods. An LMS helps save thecost of hiring an instructor, renting a venue, travelling and lodging, printingthe training material and more. The loss of business hours due to in-persontraining is greatly reduced by allowing access to online learning any-time,any-where and from any device.

• Centralizes Knowledge Pool

Businesses drive innovation and growth based on their intellectualcapital. An LMS provides a centralized pool of learning resources that is up-to-date,consistent and accessible across the company. Such a knowledge repositoryprovides uniform learning opportunities for the geographically distributedworkforce. An LMS features tools to easily create, upload, assign and appraisethe content of the repository.

• Engages Employees

Today, the L&D focus has shiftedfrom providing employee training as a discipline to giving an entire learningexperience in order to drive learner engagement. The ArtificialIntelligence (AI) empowered LMSes of today provide that effectively.Using the training patterns and course preferences of a learner, it canidentify and recommend best fit training programs out of the centralizedknowledge pool. Enriched learner choice is motivating and engaging for theworkforce and they are more likely to stick to, and flourish with, LMSsupported learning. Augmented employee skills hence attained, are one ofthe important factors in increasing job satisfaction, and subsequently, thebottom line.

• Provides Social Learning

An LMS lets you leveragethe power of social learning, where you can includeonline forums, live chat, news feed, and more, that will undoubtedly be useful inlearning from and with your peers and colleagues. Social Learning helpsemployees develop, support and share significant insights in an informalset-up. Shared learning can also prove to be an important tool to generate preferredknowledge resources, obtain learners’ response and use this information toincrease the employee experience.

• Delivers Blended Learning

An LMS gives you the uniquefacility of providing employee training in multiple formats like Instructor-led Training (ILT), e-learning (bespoke and online content libraries), video-basedlearning, mobile learning, social learning, and virtual classroomsamong others. This functionality provides a variety of learning options rangingfrom bite-sized microlearning to hours-long intensive training.In addition, Blended Learning provides benefits of scaling audiences, economizingtraining budgets and expanding the reach.

• FacilitatesBusiness Intelligence

Learning analytics feature of an LMSupholds huge significance in improving employees’ learning experience bycapturing and preserving details related to their training. An LMS provides theability to easily track their progress and generate performance reports on anoverall or individual basis. L&D can then easily track learning progress,knowledge gains, improvement areas and more to take further call to action.

• Enables Extended Enterprise Training

With an LMS, businesses can leveragelearning as a strategic tool to drive sales, brand loyalty, and customersatisfaction especially if a large section of the revenue derives from theirchannel partners. The LMS provides relevant and engaging training material,evaluation and modification of channel partner practices. Better trained and empoweredchannel partners can reach their peak performance to enhance business growth.

• Simplifies Compliance Training

An LMS has built-in capability toautomate administrative, deployment and tracking functions which can beutilized to impart mandatory compliancetraining without any overhead of time or workload. This ensures that thebusiness is running in accordance with the industry regulations. Simplificationof compliance training has played a major role in expanding the LMS industryworldwide.

These are some of the numerous benefits that businesses worldwide arederiving by utilizing an LMS. Today, a targeted learning approach is vital in shapingan individual’s knowledge and skills, which often results in an improvedownership in their roles. An LMS addresses the necessity of a flexible,personalized and relevant training platform to bridge the gap between learningand performance. Modern cloud-based LMSes are equipped with proven-effective functionalities,including engaging UI/UX, agile training management, efficient data storage, flexibilityof scale, built-in Intelligence, responsive design, useful analytics, mobileapps, and the list will continue to grow with the speed of innovation intechnology.

However, even with the best learning platforms available, we stillneed to identify our current L&D objectives and extrapolate that to thefuture requirements to come up with the most suitable option. Now that requiressome serious work.

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