Guest Author: Justin Sacks
A Learning Management System (LMS) can benefit a wide range of organizations, including universities, colleges, non-profit organizations, government agencies, businesses, and associations of all sizes and industries. However, not all LMS’ are created equal, and the specific features that an organization may need can vary. An LMS can be used for a variety of purposes, including new employee training and onboarding, upskilling and reskilling current employees, centralizing all educational materials, compliance training, and even as a source of revenue.
Simplified Employee Training & Onboarding
New employees require proper training to do their jobs well, and a modern and user-friendly LMS can offer a standardized and repeatable approach to onboarding new employees. This can create a positive impression on new employees and improve their perception of the company, resulting in a higher ROI. Additionally, upskilling and reskilling initiatives can be implemented through an LMS to prepare employees for future promotions and career growth, improving employee retention and motivation.
Centralization of Educational Materials
An LMS can centralize all educational materials, making it easier for employees to access eLearning courses whenever and wherever they want. The LMS also collects data on learner progress and offers reporting capabilities, providing insights to administrators for decision-making purposes.
Compliance Training
Compliance training is crucial for companies and organizations to meet legal and regulatory requirements. An LMS can help employers and employees stay compliant with laws, rules, and regulations by allowing course modifications to be quickly distributed, and specific audiences can be targeted to complete assignments within a given timeframe.
Increased Revenue Streams
Lastly, an LMS with eCommerce capability can be used as a source of revenue. eCommerce integration with a payment gateway allows for the sale of eLearning content to partners and customers. Associations can also have various pricing structures based on membership levels to drive sales. Additionally, implementing an LMS can reduce training costs by eliminating or reducing instructor travel costs, training site rentals, and course materials.