You may think that an LMS is unnecessary if you already have a training program at your workplace such as:
- Instructor-led training at onsite seminars
- On-the-job training
- Workshops and training delivered by an external provider
You may find on-the-job training to be cost-effective since employees use available company resources to learn. Unfortunately, this doesn’t give you actionable insights and it lowers productivity because employees are constantly interrupted by training activities.
Because learning is rushed, employees are less likely to retain everything they’ve learned.
Like most businesses, you might rely on instructor-led training and workshops. These learning strategies make it easier for you to react to employee feedback and adjust your training efforts as needed.
But they don’t have as high knowledge retention and course completion rates as a strategy that incorporates an LMS.
Sure, on-the-job training, seminars, and workshops may have worked for you up to this point and you may be wondering if an LMS is necessary.
But businesses like yours have found an LMS that goes beyond training, offering a platform that makes your job easier with innovative operations and human resource tools.
World Manager enhances your business systems so that you can save time and money on course delivery, report tracking, and data analysis. This raises your ROI and gives you a competitive edge.
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Why Companies Need an LMS
Employees Want Personalized Learning
A great example is the IKEA effect. If you buy and assemble a chair from IKEA, you increase its perceived value. It may be a little wobbly, but that won’t really matter because we tend to cherish what we create.
An LMS can help your employees to chart their own learning paths based on their goals, job roles, and career aspirations.
You can use the unlock feature to give them the freedom to choose which activities to do next and the hide function to conceal content that learners have already completed. This improves their overall learning experience.
An LMS gives you some form of control so that you can stay within your training objectives. For instance, you can make certain learning assets mandatory for all employees, regardless of their learning paths.
Empower your employees with an LMS and watch learner satisfaction improve tremendously.
Employees Want to Learn at Their Own Pace
How do you ensure that a busy workforce retains as much knowledge as possible? By giving them the freedom to learn at their own pace.
An LMS is less time consuming and delivers on-demand training – courses are accessible to your employees at their point of need.
Did you know that your employees forget 60% of what they’ve learned in the first 20 minutes? This is according to the Ebbinghaus Forgetting Curve. To aid retention, a learner must review consumed knowledge at least three times.
An LMS can help your employees overcome the Forgetting Curve through microlearning.
It delivers content in small, digestible chunks, each focused on a specific learning outcome. The rich media format in which microlearning is delivered enables employees to grasp key concepts easily.
Since microlearning assets have a shorter development cycle, they’re easier to create, deploy, and update.
Employees Want to Learn on the Go
Do you have a mobile-friendly training program? Can your employees access your course on multiple devices?
Put information at their fingertips with a mobile-first LMS. This will enable your learners to complete their training fast since they can consume micro chunks of information at their convenience.
Because course material is stored in the cloud, employees can refer to a topic for answers if they get stuck on a task – long after they’ve completed a course.
Cloud-based technology ensures your employees have the latest information because any authorized person can update the training at any time.
An LMS does away with travel expenses, time away from work, and other costs incurred in seminars, workshops, and instructor-led training.
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When Will I Need an LMS the Most?
When You’re Onboarding New Employees
Proper onboarding gets new employees excited and engaged about their role. If you want a successful onboarding process that leaves a lasting impression, you will invest in an LMS.
Instead of bombarding new hires with information all at once, you can use an LMS to deliver content that’s customized for them.
It will track their progress and alert you on areas they’re struggling with so you can intervene.
Fact: 69% of employees are more likely to stay with a company for three years if they experienced great onboarding.
When You’re Onboarding New Customers
You may have a great service or product, but if new users don’t know how to use it, they won’t adopt it.
Show them how to use your product or service with engaging demonstrations. Encourage them to ask questions through chat and video conferencing tools that are readily available in an LMS.
You can use an LMS to provide ongoing training and resources that they can refer to whenever they encounter any hurdles when using your product.
Adding specific training at barrier points will prevent disengagement and increase customer satisfaction.
Your customer experience will also improve because an LMS allows your customers to give you actionable feedback through surveys and reports.
When You Need to Retain Top Talent
According to the 70-20-10 rule, employees learn through 3 types of experiences::
- Feedback and relationships
- Challenging assignments
Although training contributes only 10% to an employee’s learning, a well designed LMS training program can give a great boost to the other two types of learning experiences.
It equips them with the soft skills and competence required to perform best at their jobs. The confidence they acquire will keep them engaged and less likely to look for greener pastures.
Since an LMS gives you visibility over the entire training process, you can easily pick out which employees to promote. An employee would fill a challenging role more readily if they’ve successfully completed the course and applied their new skills to improve job performance.
When You Need to Ensure Compliance
The best way to effectively train your employees on complex compliance requirements is to use an LMS.
It will help you avoid hefty fines by keeping your team certified to the latest standards.
Once your employees have completed the course, the LMS will send a report to regulating authorities. And if your LMS is cloud-based, you can update it at any time with refresher courses or new regulations so employees stay compliant.
An LMS like World Manager can allow both the manager and the employee to sign off competency on any compliance training.
Such sign-offs and real-time compliance reports ensure that your company is always inspection ready.
How committed are you to your corporate training goals? World Manager can help you achieve your goals and more.
This full-featured LMS will allow you to:
- Create engaging courses
- Conduct live scenario-based training
- Automatically reward employees for their achievements
- Create your online business systems within World Manager
- Access real-time data and reports
If you’re still on the fence on whether you need an LMS, why not book a demo?