Growing a successful business involves more than solving a market need with products and services; a successful business is a result of many factors, and its people are the one of the biggest. And is one reason why many businesses invest in various people related tools including a learning management system (LMS).
An LMS promotes career growth which is a crucial ingredient for productive teams, and profitable businesses. And for modern employees, they will seek out organisations that embrace their growth and development.
So, what is a learning management system, and why should you invest in it? Find out more about an LMS in this guide and discover how it can help your business.
What is a Learning Management System?
First of all, let’s discuss what we mean by a learning management system. A learning management system (LMS) refers to software that helps to create, manage, and share learning tools and processes. Think of an LMS as a system streamlining e-learning. It makes e-learning affordable, efficient, faster, trackable, and productive.
With an LMS, tutors can create, manage and deliver content to virtual learners. Online learners can access and engage with content from any location.
A simple definition of an LMS is a system or technology for enabling e-learning. Tutors upload content onto self-hosted or cloud servers. And approved or registered learners access it with a simple login.
Why Leverage an LMS?
Learning systems have evolved to cope with the demands of a digitised environment. Modern learning systems use the internet to make education accessible to everyone.
An LMS scales up learning by allowing an unlimited number of learners to access the same content, enabling administrators to maximise resources.
Today, every effective learning system integrates e-learning tools. Anyone offering a learning program considers offering e-learning capabilities with a learning management system.
Global workforce dynamics influence the workplaces and affect how learning programs are offered. The need for remote worker-friendly programs calls for a rethink of L&D programs.
Government agencies and not-for-profit organisations aren’t lagging either. Modern learning changes are across the board and affect entire industries. Governments can revolutionize their workforce through e-learning tools.
The demand for e-learning tools increased dramatically during the COVID-19 pandemic, where remote working practices became a necessity. Companies had to find new ways to engage their staff and so online training grew in popularity as it was an immediate solution to ensure business continuity.
Experts predict an expanding e-learning industry. 2022 e-learning trends will likely redefine the sector and propel growth to the expected $375 billion mark. It’s high time you adopt an LMS for your L&D needs.
What can you use SAP Litmos (LMS) For?
Your training outcomes may depend on the exact type of LMS you’re using. At Jigsaw Cloud, we recommend SAP Litmos as one of the best learning management tools on the market.
SAP Litmos is rated at 8.5/10 on Trustradius, with one review stating:
“It is a great learning solution that has been helping in getting online training. By simply logging into this tool our colleagues can get training and we can evaluate them from the multiple tests they take. One can check their performance as well via this platform and above all, it is easy to use the tool, and its applications work amazingly well.”
We’ve also encountered clients realising many other benefits, including Merlin – you can find out more about their experiences of using SAP Litmos in our blog here.
Benefits of using an LMS
An LMS can be a valuable asset for your business. You can use it to train clients and employees or create online courses to increase your income streams.
Here are the many benefits of investing in an LMS.
Meet the learning needs of your workforce
Many companies are adapting to accommodate the continually evolving needs of employees. Factors like flexibility, work-life balance, and digitisation of the workplace are central to keeping employees engaged at work. These considerations are vital when developing learning and development systems.
An LMS can transform the learning culture and help you align training with employee needs. It introduces flexibility into learning by allowing your staff to learn at their own pace.
Employees can also access content from anywhere. This allows them to learn remotely or in their free time. In short, an LMS can bring inclusivity by enabling all staff to take part in your company’s training programs.
Simplify and modernise learning
Binge-watching is a trend to watch out for in the content marketing industry. 30% of the participants in one study said they were addicted to binge-watching.
Social media obsession is also at its peak. In the UK, the average person spends 4.8 hours on their phone every day. As much as these behaviours could be worrying, there is a good side to them.
TV and social media binging points to an evolved content consumer. People are using their phones more and more to access information – while commuting, eating out, or spending time outdoors.
HR professionals can act digital trends to encourage self-learning at work. It’s also an opportunity to front more content to clients. A mobile-friendly LMS like SAP Litmos can revolutionise learning experiences. Read our three-step guide to understand how you can modernise e-learning.
Improve employee engagement
The promise of investing in e-learning tools is to improve the learning experience. Many people taking part in an online classroom expect it to be engaging, interactive, and entertaining.
But e-learning environments aren’t equal. Some online classes can be so unengaging that learners quit on the first session. That’s why investing in an advanced learning system is critical to building a successful and engaging learning and development program. Features like gamification and simulations can elevate the learning experience, for example.
Investing in an advanced learning system is key to building a successful learning and development program. Features like gamification and simulations can elevate the learning experience.
SAP Litmos uses e-learning gamification to encourage learning, making it more enjoyable and memorable. Did you know that 80% of employees believe gamified training is more engaging and that 83% of employees who receive gamified training feel motivated to continue learning? The numbers speak for themselves.
Improve employee performance
Improved employee performance is another benefit of a good L&D program. Gamified learning can help employees retain knowledge and skills, leading to improved performance, while at the same time offering a learning platform that contributes to an engaged workforce.
Effective training and development leads to a happier and more productive employee. Employees are more likely to stay with your company if you’re investing in their career development and helping them improve their skills.
Gather growth ideas and track learning progress
An LMS encourages not only learning but also organisational growth. Learning forums and online communities can be a goldmine of growth ideas with group-oriented learning providing eye-opening insights to improve your growth strategies.
An LMS may also help you improve digital learning and provide more value to learners. You can track the learning progress in real-time and gather valuable insights about the quality of your programs.
Administrators of an LMS can see statistics on the uptake of courses, the progress of individual learners, and performance. This data can help you determine which classes need improvement and what learners need extra help with.
Modern learning systems must align course materials with learners’ needs. A low uptake could signal a course lacking in relevancy or isn’t as rich in content. Your L&D team can use users’ insights to better align learning with employee expectations.
Save time and money
Typically, e-learning is cheaper and less time-consuming than traditional learning. E-learning tools can allow you to avoid the cost of learning materials.
“SAP Litmos offers greater flexibility than our previous system, and it’s much more cost-effective. We’ve been really impressed with the results so far – we’ve delivered 31 courses on the system, received a lot of positive feedback, and significantly reduced our carbon footprint.”
Neil Armstrong, Engineering Director at Merlin
The main cost of an e-learning system is the cost of your LMS. Surveys show that price is an important consideration when looking at investing in LMS.
Functionality also matters because you want a positive return on your investment. A low-cost LMS software may not have the capabilities to fulfill learners’ needs.
Not happy with your LMS or e-learning tools? SAP Litmos is a learning and management system worth your investment. Get in touch with our consultants to learn how it can help you cut your learning costs.
Make learning accessible and flexible
The workplace environment is quickly changing. Traditional learning models are no longer as inclusive. Making learning flexible is the key to a successful learning and development program.
Rigid training schedules are likely to be counter-productive; some employees may not make it to live learning sessions, while some may not be in the right mindset to learn. These differences alone make having adaptable options an essential part of the learning and training experience.
Employees need some freedom of choice to enjoy learning. There should be different learning options to accommodate all. Think about investing in SAP Litmos to allow for a hybrid learning environment.
Take the leap with an advanced learning management system
A learning management system is crucial for building a productive workforce in the digital era. It’s the key to meeting the needs of your people and enabling continual career growth.
A good LMS can allow and motivate learning across the board and help boost employee engagement and retention. The advantages of an LMS are too significant to overlook.
Take the bold step to modernise learning in your company and transform your team. Book a demo today to discover what’s in for your company.