5 Reasons Why Your Company Needs an LMS
Does your company use a Learning Management System (LMS) or plan to use one in the next year? If so, you have plenty of company. According to a recent study, 98% of small businesses plan to use an LMS by 2020.
An LMS is a software application that enables organizations to create, customize and manage courses, classes and training to their employees. Some Human Capital Management companies, like Accu Data, have already integrated it with their HR and payroll platforms, and for good reason. Here are just some of the many advantages using an LMS:
Most learning management systems are web or cloud-based applications, allowing trainees to access their courses and lessons anywhere at any time, at their own convenience. With an LMS, you no longer have to coordinate dates and venues of in-person training. Once you upload your course materials and publish them, your employees can access the information they need whenever or wherever they are. For companies that are global or have multiple remote workers, this is a particularly great feature.
- Cost Saving
Instructors, travel costs, venue rentals and printed materials are just some of the costs associated with corporate training and certifications, and they can quickly add up. Because of this, many organizations skip or minimize the amount of training they offer employees in order to save on expenses, which often keeps the workers from reaching their full potential. Using an LMS helps you greatly reduce your learning and development budget as it allows your employees to carry out all of their training online.
- Tracking and Reporting
An LMS allows you to keep track of your employees’ progress, knowledge gains and more through easy-to-generate training reports, on an overall or user-level basis. And in the case of Accu Data’s LMS offering, if a worker is not able to keep up with the training for any reason, you can customize the pacing and methods to his or her needs. With its short videos, gamification, and intuitive navigation, an LMS provides an enjoyable and engaging user experience.
If you’re in the restaurant, construction or pharmaceutical industry, or any businesses that must keep up-to-date with the latest (and ever-changing) legal and regulatory requirements. LMS is an invaluable tool. Updating onsite training courses manually in order to stay compliant can be time consuming and often lead to human error, which could ultimately lead to costly penalties. An LMS allows you to add new compliance standards in just minutes, and a set due dates, notifications and reminders to be sent automatically.
Training and course delivery via an LMS delivers a consistent training and learning experience, letting you keep the content centralized. You no longer have to worry about employees studying last year’s manuals or learning from different instructors. All of your employees are receiving their materials and teaching from a single source of content.
Interested in bringing an LMS to your organization? Contact Accu Data today to learn more about our LMS option, which is integrated with our host of other Human Capital Management (HCM) solutions, including payroll, HR, time and attendance, benefits administration, applicant tracking and more.