Learning and development have undergone major changes in recent times especially in the corporate scenario. Gone are the days when you had to cater to huge in-person training sessions for results that failed to meet the mark in the long run. Now is the time for incorporating the right corporate learning management system (LMS) into your organisation’s infrastructure.
Corporate LMS organises all training materials on a single platform. However, instead of a general platform that just allows collaboration, LMS platforms are focused not only on storing and sharing information but are built with the intent of ensuring individual learner success.
Reasons Why Businesses Should Use LMS
- There isn’t any travel, accommodation, or instructor cost involved as you no longer have to ferry trainers to your headquarters. Thanks to this, you end up saving quite a bit of money
- The learning is not bound to a conference hall or classroom. A learning platform allows employees to take courses at their own pace, so it reduces the need for having time taken away from their daily work
- Using an LMS, you can train your staff from different locations at no extra costs
- Cutting down the amount of face-to-face mentoring required, you can reduce the workload of your senior employees
- An LMS makes it easy to track the performance of every employee
Benefits of Corporate LMS
- Consolidated Platform
All your training modules can be consolidated on one platform and employees know that logging on to the LMS is all that they need to do to continue learning from where they left off. There are no separate logins required for different training modules either. Furthermore, all training modules can be streamlined and organised to ensure ease of use for the trainers as well as employees.
- Easy to Access
Modern teams are mobile. From having to travel to another city to working from home, it is not always feasible to arrange a common time for training the whole team. However, with a corporate LMS, employees can access the system with any device and from any location while on the go. You can structure your training as “bite-sized” training sessions which would also help improve engagement and encourage employees to learn at their own pace.
- Performance Tracking
A corporate learning platform offers several advanced performance-tracking features to allow managers to keep abreast of how their employees are progressing with the training. Information like which training an employee has started or completed, their results from the follow-up assessments, and more, can be easily seen using an LMS and through a single dashboard.
- Easy Updates and Compliance
It is much easier to keep online training modules updated as compared to printed material. This amounts to savings in both costs as well as efforts. Similarly, compliance guidelines are another aspect that needs to be kept in mind. These guidelines can change regularly; an LMS makes it easier to update the information and deliver updated training content whenever regulations change.
How to Choose the Right Corporate LMS
Step 1: Identify Your Needs
Before you start wading through the numerous LMS software available in the market, you need to clearly define search criteria. Determine what you need from an LMS and how it is supposed to help you achieve your training goals – that will help you select the right software.
Another important aspect is to first understand who exactly you will be training. This will help define the learning strategy requirements needed from the LMS.
Step 2: Defining LMS Requirements
Once you have determined the goals and objectives of the learning and your audience demographics, you should focus on the requirements you have from the system. The more complete your list of requirements is, the easier it will be for you to find the solution that best fits those needs.
Step 3: Explore Available Products
Start looking at the available LMS and compare them with your list of requirements and budget. You will be able to shortlist a number of vendors this way.
Step 4: Evaluate the Vendors
Apart from the features the LMS offers, make sure you choose a vendor that offers impeccable after-sales services and is someone that you can trust. Look through the vendor’s customer reviews, how long they have been in business, their awards or recognitions, and so on.
A corporate LMS has a number of benefits to offer to businesses, helping them stay in sync with the latest advancements. It all comes down to selecting the right one for your corporate training needs.