6 Advantages of a Learning Management System for Companies
According to new research, the learning management system (LMS) market is expected to grow from $13.4 billion in 2020 to $25.7 billion by 2025.
Are you looking to invest in an LMS e-learning platform to improve your employee training process?
Do you want to know more about employee education and training management systems?
In this blog, we’re explaining six advantages of investing in a customizable learning management system and tips on choosing the right LMS.
But first, what is a learning management system?
What is a Learning Management System?
A learning management system helps you deploy employee training anytime, anywhere. Custom-built training programs are full of learning material that’s relevant, on-brand, and applicable to your employees – an LMS distributes that information to your employees.
In addition to storing training content, an LMS allows you to monitor, track, and manage employees’ learning progress. Reports and assessments provide actionable insights for managers to use as a tool to coach employees.
Now, let’s jump into why you need an LMS.
Why Do You Need a Customizable Learning Management System?
Do you really need an LMS for simple training purposes?
What kind of benefits does training online (LMS style) provide?
Here are six of the most notable advantages of a customizable learning management system for companies (like yours).
1. Improve Employee Performance
A customizable learning management system is more likely to lead to superior training outcomes. Customized corporate training housed in an LMS gives your learners access to content designed specifically for them and their position within the company. Relevant training material engages veteran employees and helps new hires become customer-facing faster.
2. Custom Content Aligns with Your Company
When you customize your LMS, you can ensure training content aligns with company goals. No extra features that are unnecessary to the development of your learners. Training will be applicable, and better yet, actionable. You won’t have to worry about learners sifting through generic or contradicting information that doesn’t provide any value.
3. Flexible, Mobile Training for Remote Teams
When you invest in a customized LMS, your team benefits from various training modalities that engage learners at all levels. Customizable LMS solutions are often mobile, too, meaning they’re accessible on your employees’ personal and work devices. A mobile LMS is an easy LMS for the remote workforce to stay connected, trained, and engaged.
4. Central Knowledge Hub
A customizable LMS allows you to upload documents and helpful information for your learners. Centralizing key information in an LMS gives employees immediate access to the resources they need throughout the day. The average employee spends 1.5 hours a day looking for things they need to do their job. A centralized knowledge hub like an LMS solves at least part of this dilemma.
5. Save Money
With a customizable LMS, you can actually save money on training. A custom LMS is a one-time investment that keeps on giving. Custom training is built for the long haul and has a longer shelf life than turn-key training. It provides employees with continuous training and development and job-specific instructions.
6. Save Time
A customizable LMS solution also saves everyone time. Not only can you customize individual training programs, but managers can benefit from the platform’s automation. For instance, think about your onboarding process. Moving from paper-pushing to an online onboarding experience via a custom LMS can significantly streamline your HR managers’ new hire workflow.
An LMS grows with your learners, thanks to AI, helping them become more and more proficient at work. You won’t have to worry about learners hitting a training ceiling when you have a custom online learning management system.
Tips for Choosing the Best Learning Management System
Now that you understand some advantages of an online learning management system, are you interested in purchasing one to train your remote employees?
Before you begin an LMS software comparison, you need to know what to look for in an ideal, custom system. Here are some top tips to make the LMS software shopping process more straightforward.
Simple, Intuitive UI
A learning management system shouldn’t be overwhelming for learners to navigate. New hires should be able to find what they need without spending a ton of time searching or guessing at which button they need to click.
Social learning helps increase learner engagement and encourages team collaboration. Look for an LMS that has a social learning component, like LXPs. You want to find an LMS that allows users to engage in peer-to-peer discussions and communicate directly with facilitators.
Strong Security Features
You’re going to be storing a lot of valuable data on your company’s LMS, so make sure your shiny new system is secure! Look for a platform that gets backed up regularly and has robust security features to give you peace of mind.
Ask About Analytics
What kind of analytics does the LMS you’re considering offer? Does it provide you access to data to help you measure how each learner is doing? Will AI automatically identify knowledge gaps, providing a more personalized experience for learners? Remember, in the words of Peter Drucker, “If you can’t measure it, you can’t improve it.”
Give Gamification a Go
Finally, find an LMS that gamifies training content. Gamification is fun and interactive; plus, it’s a great way to increase engagement – 47% more engagement! Games keep learners motivated to complete training programs, making learning practically effortless.
Find an Online Learning Management System
As you can see, there are plenty of reasons why you should be using a customizable learning management system to train your employees.
If you’re ready to make the switch to an online learning management system and tap into easy training solutions for your team, we’re here to help.
Request a demo of Spoke® Mobile Learning Management System today. We developed Spoke® to be a social but simple LMS that provides companies with everything they need and nothing that they don’t.
We’re here to help you train your team better.
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