Automation may be crucial when streamlining modern business processes, but people are still the strongest asset in any organization. That’s why investing in employee training should be a priority. Without a skilled and capable workforce, your business can’t grow and expand.
Latest estimates reveal that the total training spend in the US reached $101.8 billion from 2022 to 2023. Small businesses paid $1,420 for staff learning—almost triple the expenses incurred by large companies at $481. Meanwhile, mid-sized organizations spent $751 per trainee.
Considering this substantial investment, businesses are getting smarter about their training approach. Enter the Learning Management System (LMS). Think of it as a learning environment you can dip into anytime, anywhere. These platforms let employees dive into courses, pick up new skills, and sharpen their existing ones—all without leaving their desks.
Curious about why your business might need an LMS? Read on to explore the most compelling reasons.
Reason 1: Streamlined Training Processes
It’s easy to understand why some companies would think about investing in learning and development. For one, traditional training processes often take weeks, sometimes months, to organize. These activities are also resource-intensive. First, you must design training programs and identify the topics and the scope of discussions before proceeding with course creation. Then, you need to pick the participants and pay for accommodation, facilitators’ fees, and the venue, to name just a few.
LMS training platforms act as comprehensive learning hubs for all your training needs. It keeps all your learning materials and courses under one roof—easily accessible to all your employees. These digital solutions can significantly reduce training costs and streamline the learning process through several key features:
User-friendly Interface
Not a techie? Don’t worry, LMS platforms are designed with users in mind; you’ll have no issues finding what you’re looking for.
Fast Training Launches
You don’t have to spend days or weeks distributing your training module. You can easily add an active user, let them sign up, and start the training right away.
Automated Content Creation
Advanced LMS software is integrated with artificial intelligence (AI), allowing you to develop comprehensive training with just a few clicks.
With LMS, you can easily achieve your learning and development goals while offering everyone a fair chance to acquire new skills and knowledge relevant to their positions.
Reason 2: Enhanced Employee Engagement and Motivation
A recent survey found that only 32% of American employees feel motivated enough to stay in their jobs, while 18% were actively disengaged. Worse, around half of workers were considered quietly quitting—or those who weren’t putting their A-game on the table. The top reasons? Not all of their needs are met, including opportunities to grow, learn, and feel valued by the company. This is a clear indication that corporate training is a must to keep your staff engaged and loyal.
However, providing easy learning options isn’t enough. Your training content must be as engaging as it’s informative for better results. Here’s how:
Interactivity
Every LMS provider knows that sprinkling interactive elements fosters engagement. Online training modules come with simulations, quizzes, and videos to make learning more relatable.
Gamification
These platforms use gamification components, such as points, badges, and leaderboards, to further motivate employees. Various research has shown that gamification improves learning retention regardless of age and gender.
Incorporating these added features can guarantee that your training materials contribute to your and your team’s objectives. It also encourages positive behaviors, giving learners a sense of accomplishment and recognition for a job well done.
Reason 3: Improved Tracking and Reporting
Learning management systems’ artificial intelligence capabilities go beyond course creation; they also generate and analyze data that can help improve your training programs:
Assessment Score
This metric identifies the level of knowledge or skills acquired by the learner. It also helps you pinpoint an individual’s strengths and weaknesses that signal further training needs.
Employee Progress
This reflects how team members advance through their assigned modules. Managers can use this to distinguish top performers and those who might need extra help.
Course Completion Rates
These show the percentage of trainees who’ve finished a course or program. Higher completion rates often mean the active users find the topic relevant.
LMS software is often integrated with human resource (HR) systems to ensure equal access to suitable training and development programs. Gathering analytical insights from this tool also helps businesses plan strategies for allocating resources efficiently.
Reason 4: Continuous Learning and Development
Learning management systems are founded on eLearning principles, transforming how courses are crafted, delivered, and managed. These customizable learning tools can be used to train the staff across the different stages of their careers.
- New hires can benefit from onboarding training as they learn more about their responsibilities, the company guidelines, and culture. This provides the clarity and direction some workers seek.
- Team members can access various upskilling opportunities through targeted learning paths to develop or enhance their capacities—whether preparing for a new role, taking on additional tasks, or simply wanting to expand their skill sets.
- Having LMS software is critical in ensuring compliance training obligations; some industries require companies to train their workers regularly to avoid heavy fines and sanctions.
An LMS platform allows organizations to create custom content and learning paths tailored to an organization’s unique processes and best practices. It also promotes continuous learning by offering advanced courses and comprehensive training.
Reason 5: Supports Remote and Hybrid Work Models
Work formats have changed since 2020. A survey conducted towards the end of 2022 discovered that 56% of US workers had hybrid arrangements, while only 37% had to report on-site daily. On the other hand, seven percent were exclusively working remotely.
The good thing about LMSs is that users can access training materials from any location and at their own pace, making them convenient training tools across different learning environments. LMSs guarantee staff learning and development whether they’re working from home or in the office. In doing so, you’re showing you value their time while supporting their individual development goals.
Wrapping Up
The demands of technological advancements often drive unexpected changes in the market—the labor sector included. As an employer, it pays to provide continuous learning with the help of learning management systems. With this tool, you can provide consistent and high-quality training to everyone, regardless of their learning styles and career targets—without the hassle of old-school training methods. It’s a win-win solution for employees seeking to expand their competencies and organizations hoping to keep the right talents.
