With technology as an accelerator of the fast-paced, ever-changing world we live in today, learning at the workplace is going through a fundamental shift. Businesses are continuously looking for ways to adapt to new situations and acquire new skills on how to efficiently navigate between traditional learning needs and brand-new technologies leading to training transformation.
Investing in employee training and development has, in fact, become a priority for organizations and helps them drive business profitability in the long run. Research also suggests that companies that deliver corporate training well can post a 24% higher profit margin and over 200% higher income per employee, as compared to those who don’t.
This is where a Learning Management System comes in!
An integral part of today’s technology, learning management systems or LMS are used by businesses specifically for workplace learning and to achieve automation and programming in line with the customized needs of the employees.
LMS is fast becoming the main component of digitized employee training programs, leading to complete training transformation at workplaces. It not only supports organizations in the creation and delivery of learning materials to their employees, but it also allows for collaboration between employees and trainers, tracking progress, assessing training results, and much more.
The role of a Learning Management System mainly varies based on the organization’s objectives, online training strategy, and desired outcomes. However, the most common use of LMS software is to deploy and track the online training initiatives of an organization.
How can Enterprises Make Use of an LMS to Improve Training Outcomes?
An LMS is an excellent tool to improve the learning ability of any enterprise. There are several ways an enterprise can make use of a custom LMS for improving training outcomes, enabling complete training transformation.
Some of these are discussed below-
Centralized repository for training records
For large enterprises with multiple divisions, an LMS offers the advantage of a centralized repository for training records. This not only allows them to keep track of employees across the organization but also helps managers/supervisors in ensuring the employees receive appropriate compliance training. Here are 7 Modules Your Compliance Training Resources Must Include.
L&D metrics and analytics
Having an LMS provides businesses with L&D metrics and analytics so as to allow them to test the effectiveness of the current training program. And extract appropriate data to determine future training needs. Here are some Quick Tips to Measure Training ROI
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