Benefits of Learning Management System (LMS) for Business

In this digital age, it is essential for every business to have its own custom-made learning management system. Irrespective of the size of your organization, you can set up an LMS for continuous skill advancement of your employees. If you are a business owner looking to set up a learning management system for your staff, get in touch with us now! We can help customize a system that’s just perfect for you. If you are new to LMS, I am sure you are curious to know everything about it. Don’t fret, we got you covered.

What is an LMS?

Learning management system (LMS) in simple words, is a digital portal for training and development for employees of an organization. Unlike in the past, where training meant that learners come together in a classroom to gain new skills, now, LMS allows them to learn as they go using online programs with just a click of a mouse. These learn-on-demand sessions help employees gain the skills on the job and continuously.

LMS - Learning Management System

Why is LMS beneficial over traditional learning?

LMS has many advantages over in-class training. While training your employees is vital for businesses to grow. By setting up a customized learning management system, companies staff development objectives are met at a significantly lower cost as learning takes place online in a single software platform, thus avoiding all the expenses incurred at a physical venue.

How does LMS work?

We can incorporate training management systems into the company’s internal network. LMS delivers training via virtual classrooms, on demand videos, augmented reality, interactive courses, quizzes, games, and surveys. Since these courses are setup online, learners can choose to learn at their own pace and time, from anywhere, and on any topic of choice. LMS is gaining popularity with the increase in remote working environments.

What are some of the key benefits LMS can give your organization?

In no particular order, let’s look at the top 6 advantages of LMS for businesses.

Cost Effective

Workshops to train employees include expenses such as renting a facility, arranging for training material for participants, and taking care of the boarding and lodging expenses of the attendees.
Learning management systems are significantly more cost effective compared to traditional classroom training. Companies can totally avoid all the above expenses in a virtual learning set up, thus reducing costs drastically.

Time Efficient

Consider the increase in congestion in cities and the time lost in commuting from one place to another. It’s another story when employees travel between cities and countries to take part in training and development programs. The number of work hours lost will directly affect the productivity numbers.
LMS is available to employees at their fingertips on their laptops or computers. Further, microlearning programs allow learners to upgrade their skills with its bite sized curriculums. Lastly, on-demand learning allows people to learn the exact tech or soft skill that they are looking for at a particular time.

Flexible Learning Experience

Learning management systems allow learners to keep track of their progress in a chosen course. They have flexibility to start multiple courses at a time and learn as they go. Employees, irrespective of their location, receive the same content, which keeps the quality of the learning program consistent. And it keeps your organization unified because they use the same terminology and “speak the same language”.

Automated Data Capture

LMS, also referred to as the learning activity management system, collects and stores data for future reference. The system tracks progress, hours spent in learning, the number of completed and pending certifications, helps identify which skills employees are finding difficult/easy to learn and the feedback provided by the learners. These metrics aid in designing future learning plans that are beneficial for the company. Furthermore, this is a very useful tool for staffing teams to look up the employees with similar skills to fill in when needed, or to plan for the staffing of upcoming projects.

Engaging & Entertaining

Modern learning experience platforms referred to as LXP’s are gaining popularity with generation Z and it will continue to evolve with generation Alpha. With their intuitive UX designs, these new age learning methods make learning activity more fun and effective. Further, these learning applications allow learners to develop skills through simple short quizzes, simulation activities, and other virtual interactive games. Learning essential soft skills through P2L’s latest custom game – Elite Commander, is certain to enhance your businesses learning ecosystem.

Gamification - LMS
Gamification – A fun LMS for next generation

Encourages Employee Retention

Retention of employees is a challenge that most businesses suffer. Offering advanced learning platforms keeps them motivated to continue with your organization. WIIFM—‘What’s in it for me?’ is a question that’s posed upon every hiring manager and when companies have a LMS that offers skills a step ahead of their industry, it gives them the edge not only with hiring of new employees, but with retention as well.

If you’re thinking about pivoting your organization’s learning technology or perhaps starting an online learning system for the first time, think no further. Just send all your questions to mike@p2linc.com

 

Factor 5 Things Before Starting an eLearning Program

eLearning is not a new concept. However, with the fast-paced digital transformation that’s happening at workplaces, online learning can be twice as enriching as classroom training. We can’t agree more on that, can we? But every time companies embark on this journey, there are a few common questions that arise, and human resource managers have an added responsibility to convince both management and employees to get on board with the idea of online learning. We have simplified these roadblocks into five steps that will make your digital learning transition seamless. Let’s see how.

Identify areas of improvement

The first and the most important step in designing an online learning program for your employees is to identify areas where resources are lacking the skills to deliver their best. Every project poses a new set of challenges. A close study of the problems and identifying the root causes can help businesses to come up with a learning plan.

We gain most of our technical skills through academic studies. And, when people face actual business situations such as dealing with a customer conflict or facing a client with a business pitch presentation, many skilled employees struggle. When organizations plan for training their employees to enhance their soft skills, they are better equipped for success.

Ask your employees

After identifying areas of improvement, the next crucial step is to have an open conversation with your employees. Find out what their expectations are for training. Just offering a training program that’s not adding value to their growth within the organization makes no sense to them and they will be reluctant to take part in the program. On the other hand, when employees are part of this planning, they feel invested in the organization and this helps with employee retention in the long term.

One way to achieve this is by gathering data through surveys to understand what employees want. Another method is to conduct employee skill assessments and give them a learning plan that’s customized to their needs. This will eliminate lethargy in learning and motivate employees to advance their skills with a sense of accomplishment, as they can see their individual progress alongside business growth.

Survey, one of the 5 factor to consider before starting an eLearning program

Align your eLearning strategies to your goals

When planning an eLearning program for your organization, it is only prudent to keep the company’s business goals in mind. This can differ from business to business. Since setting up an online learning program for your business is an investment, expecting a return is a natural outcome.

We can measure the results of traditional learning methods only after the completion of the training period. Since they are in a classroom set up with no access to real-time work conditions, measuring success has to wait. Whereas microlearning methods allow learners to learn just the needed skill and test it in live scenarios. This allows businesses to measure instant success rates.

Companies can therefore design eLearning and development strategies to reach multiple short-term and long-term goals.

Convince your audience

Convincing your audience is the toughest part of designing an online learning program. There can be many hurdles because of the differences of outlook between people of different generations, and other times because of the various backgrounds of people.

eLearning can be an intimidating concept for a few and for some it could be the reluctance to change the old ways of learning. We can change these fears and resistance only with the help of well-researched data from successful outcomes. At P2L, we can show you how companies have been able to reach their desired goals with our Plan to Learn strategies.

Happy employees who have factored 5 things before starting an eLearning program

Take-off on your success flight

Now that we have carefully understood and overcome barriers in setting up an online learning program, the last step is to come up with a program plan that works for your business. Here are a few tips that have helped companies build a successful learning strategy.

Once you have identified the areas of improvement, included your employees in planning, aligned your learning plan with your business goals, and convinced your audience, put a roadmap together for a smooth take-off.

For this reason, you should not look at learning as an event that needs your attendance, but rather, think of it as a process that changes with changing times. And for change to happen, we need to set out on the first step. Let us be part of your change, email us at mike@p2linc.com

 

HR Learning Management Systems

HR Learning Management system

HR learning management system (LMS) is an automated system that training firms use to record, track, and monitor training activity. Learners can use a learning management system and other associated tools to access formal, informal, and collaborative learning content.

HR is responsible for everything from managing a set of individuals, procedures, and technologies. Furthermore, they are also accountable to collect, manage and report on a wide range of information. Integration between HR-related systems has long been a source of frustration for businesses, and the requirement for more integrated operations and HR analytics is exacerbating the problem.

Learning Management Systems have progressed from earlier systems to include features like the course and student monitoring, resource management, exams, and completion rates, among others. 

The integration landscape has changed dramatically as many of these technologies have moved to the cloud. Many firms’ learning, recruitment, and performance management systems are already in the cloud.

Some of the key benefits of incorporating a Learning Management system are

Allocates Resources Efficiently

The allocation of human resources becomes more efficient when a corporation connects its LMS with its HR system. Instead of the tedious effort of inputting data into many platforms or cross-referencing data, your employees can focus on other responsibilities with LMS integration. New data is entered, cross-referenced with existing data, and then the system can provide training to empower and improve new personnel.

 

Identifies Potential Breakthroughs and Trends

Integration of your LMS with your HR software or system reveals trends, demographic patterns, learning behaviour, and other data that can lead to new ideas, breakthroughs, and other insights that can be translated into practical plans and goals. The integration allows different departments within a company to work together in a smooth manner. When the HR system is integrated with the LMS, it’s simple to collaborate, track, and document progress.

 

Removes—or Minimizes The Dangers Of Incorrect Data Entry

When your employees have to manually enter everything, inaccuracy is unavoidable. Take a basic example: phone number integration with email makes it easier for individuals to back up their phone numbers with their emails. Consider having to manually enter each phone number from your phone into your Gmail contacts. It’s exhausting, and there’s a good possibility you’ll make a mistake. The inaccuracy grows in proportion to the size of the data. Data optimization is a requirement in every business system. You’ll overlook important measurements and trends that could lead to business breakthroughs if you don’t optimize your data.

 

Statistics for Online Learning Platforms

Big data may be accessed and turned into useful reports using an LMS connection. This functionality is especially significant for online learning platforms because the system will be able to suggest required courses based on the trainee’s résumé and the employer’s job description. With the pool of resources at their disposal, everyone may make informed decisions that will benefit the individual, the firm, and all parties involved in the organization’s success.

LMS integration with HR can also aid in identifying flaws in your staffing system, allowing HR to more easily target the sort of employee required to fill active and passive roles. The integration makes the task simpler, more personalized, and more enjoyable to complete.

The decision to integrate the LMS with the existing HR system is critical for any firm. It boosts employee morale, automates hiring and training processes, uncovers patterns and human resource flaws, boosts profitability, eliminates data redundancy, and ensures that each member of the organization is working in a job that produces the best outcomes.

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