Corporate L & D Program Overview:
Learning and development are an integral part of most businesses, whether they are large enterprises or budding small and medium enterprises. With the rapidly changing business landscape, ever-growing competition and introduction of new tools and technologies, learning and development are even more crucial, today.
While the conventional method of the classroom and paper-based training is still existent, businesses irrespective of their learning and development needs are embracing the latest technology-enabled platforms. Among the myriad of technology platforms, learning management systems are at the peak. Though the concept of a learning management system is not naïve, there are several businesses out there who are still questioning why use an LMS?
Well, if you belong to those who are yet to leverage the ultimate potential of an LMS, you must be excited to learn the key facts and trends that we are going to reveal further in this article. However, let’s start with the basics such as what is a learning management system.
What is a Learning Management System?
A learning management system essentially is a software or application that enables learning through an online medium or simply put e-learning. Usually, learning management systems are hosted on remote cloud servers that make e-learning accessible anytime, anywhere. It is rather a cost-effective alternative for corporate entities than conventional training methods.
Application of LMS in Corporate Training:
Now, let’s discuss some of the major applications of learning management systems in the corporate training space.
- Onboarding training
- Product-specific training
- Upskilling existing workforce
Pros and cons of using an LMS for Corporate Training
Serves the L & D Requirement:
Whether organizations looking for onboarding training for the new entrants or upskilling their existing workforce, an LMS can fit into all the objectives. With an LMS in place, organizations don’t have to worry about scaling up their training efforts. An LMS makes creating, updating and distributing course content seamless, easy and intuitive.
LMSs being hosted on remote servers offers 24/7 access to course content anywhere from any device with the requisite login credentials.
Today, it has become essential for organizations not only to offer robust learning opportunities for their employees but to keep a track of their performance. An LMS enables organizations with real-time and employee-specific updates on their learning journey, time spent, performance enabled by data-driven insights. Besides, it enables the employees to analyze their strong and weak areas by attempting online tests, which will help them understand the gap areas and room for improvement.
Boost Employee Productivity
Employee productivity and efficiency are critical in today’s time to stay competitive. LMS platforms or eLearning applications make it easy for the employees to keep learning while working as they can access their course content anytime, anywhere. It helps them stay updated about the recent trends and happenings in their professional sphere. Well, what is in it for the organization? Organizations have a skilled workforce with advanced knowledge that ultimately reflects the organizational growth in the long run.
Significant Reduction in Cost
The days of classroom training and paper-heavy learning resources have almost come to an end. Now it is replaced by eLearning platforms that eliminate the need for classroom infrastructure, schedule, the availability of instructors and the costs associated with them.
While organizations may have to incur costs in terms of subscriptions for their LMS platforms, they have the opportunity to save a lot of overhead costs such as travel costs for the instructors and learners and so on. They can rather invest the budget in creating new courses and optimizing the existing ones with value-added features. Being paperless and easy to use, e-learning eliminates the need for hand-written notes and printed versions of course content as everything is accessible online.
The advantages of an LMS outweigh the disadvantages of it. The only shortcoming of an LMS is that it can’t replace the significance of in-person instructor-based training.
For more insights on how to go about selecting the right LMS for your L & D need, do get in touch with the experts at Alpha Learn, today!