Learning and development is crucial to the success of all businesses, which is why so many companies invest in learning management systems. A learning management system (LMS) is a web-based platform that is designed to deliver and manage training content and resources. An LMS allows for easy reporting and tracking, ensuring talent managers have a good understanding of their workforces’ progress. It provides a full and easy-to-access record of employee training.
Here we will provide an explanation of learning management systems and how they are used in a corporate environment. We will outline the benefits, so you can see why an LMS is a worthwhile investment for your company.
Learning Management Systems
Simply put, an LMS helps companies to keep a record of any elearning and training courses their employees have completed. Learning management systems also allow for testing to be carried out and can help managers produce effective training plans. More comprehensive learning management systems allow businesses to manage everything from competency to skills-gap analysis, succession planning and resource allocation. The type of LMS you invest in will depend on your learning and development requirements, as well as your budget.
How are learning management systems used in the workplace?
According to Training Zone over 40% of Global Fortune 500 Companies now use some form of learning technologies. Companies which use elearning and blended learning tools have the potential to boost productivity by 50%. An LMS makes it much easier to manage and deploy elearning by providing a centralised portal for delivery. Your LMS can also be implemented as part of a blended learning programme. Blended learning is a concept that many businesses are now utilising in the workplace. Basically it fuses traditional ‘classroom’ learning with elearning. Using an LMS can help to promote consistency throughout the programme in order to achieve the best possible results. Some of the best pieces of LMS platforms include Cornerstone, AbsorbLMS and Docebo. Luckily for you, GLAD Solutions is a partner of Cornerstone (the market leader in learning and talent management software) and has a close working relationship with many others. This makes us the perfect company to help you integrate your LMS software with your training and development strategy in order to achieve the highest possible return on investment (ROI).
Why invest in a LMS?
Training administration can be both time-consuming and difficult to keep on top of, especially for medium-to-large organisation. Using a learning management system can help to streamline the process, ensuring that each member of staff receives the required training to do their jobs well. An LMS can also help to monitor their progress and ensure a business has the necessary resource required to facilitate a successful learning and development programme. Although learning and development is a necessary investment, it can require a significant budget commitment. Implementing an LMS can help you to make cost-savings on training. Using an LMS to delivery a successful elearning programme will result in less staff travel, accommodation and training costs. You will also save money through decreased administration effort. These are just a few of the benefits an LMS can offer. We plan to discuss benefits in more details in future posts, so be sure to subscribe our blog so you don’t miss it. If you are interested in finding out more about an LMS implementation and how it can meet your needs and requirements, get in touch with us today.