A Learning Management System (LMS) is a software application that provides the framework to manage every aspect of the learning process. It is where you host, teach and track the content of the training. It is designed to make life easier for those responsible for training and development, and offers many benefits such as reducing administrative costs, accelerating skill acquisition time, reducing financial risk associated with compliance, and reducing employee turnover. In this article, we will discuss why an LMS is necessary and the benefits it can bring to your organization.An LMS gives you the ability to track students' progress on course material.
You can measure their understanding of the material, check if it meets all their needs, or improve it with text, audio and video files. According to recent research by ATD, 73 percent of respondents said that their use of LMS had increased over the past two years. This indicates that the use of LMS is increasing rather than remaining stagnant.A Learning Content Management System (LCMS) is sometimes confused with an LMS. An LCMS is software used to create and manage learning content.
The two systems complement each other, but they are not the same.In general, learning management systems have much more capabilities than those listed. However, these are the most popular selling points and key indicators to determine if you and your organization can benefit from an LMS. Let's say your company annually sends a group of 200 sales team members to a one-day training conference. With an LMS, you can reduce travel and facility costs, accelerate skill acquisition time, reduce financial risk associated with compliance, and reduce employee turnover.It's a fact that two out of three organizations already use SharePoint.
If you're still wondering what a learning management system is and why you should have one, let's discuss the benefits. An LMS can help you manage onboarding, compliance and skill gap analysis. It also allows you to organize your content in one place and helps you deliver it to the right person, in the right place and on the right device.Is the LMS dead? Absolutely not. With the current skills gap crisis affecting multiple industries, the desire of millennials for continuous educational opportunities and the lack of leadership skills within companies, the learning management system has a firm foundation for the coming years.Choosing the right LMS for your company can improve employee retention, increase productivity, reduce training costs and improve compliance.
It also allows you to add your own language translations and their localization, both at the level of the LMS interface and at the level of the course content.An LMS also plays a key role in managing specific compliance content so that employees get the right information at the right time and document it. Because it supports personalized training materials, managers can choose content for different roles and learning styles.In future LMS improvements, expect compelling features such as personal training, 24/7 support, and personalized learning solutions. An LMS also has the capacity to provide product information that you consider necessary for each unique customer need.Use the discussion forums and other communication functions of an LMS to ensure that your sales and customer service staff have the best and most relevant information when they need it. Data integration ensures that you connect your LMS with other critical business applications to efficiently run and manage your digital organization.Thousands of companies and training institutions have already opted for an LMS because of its flexibility.
As one of the essential tools for online learning, an LMS must be well understood in order to get the most out of it.