More than ever before, learning has become central to employment. Most successful companies strive to make sure that their employees continue learning and developing their skills long after finishing their formal education.
This is due to a deeper understanding of what motivates and drives people to work. Productivity is about more than numbers; it comes from personal investment and the pursuit of progress. Not only does education help employees do their jobs better, but it also gives them a reason to do so.
This is why enterprise learning management solutions are so valuable for modern businesses. With the right enterprise learning management system, you can invest in the future of your workforce. Contemporary corporate learning management systems are so sleek and sophisticated that teaching is never a disruption.
Instead, it can be an organic, supplemental process that can even take the form of an eLearning course. A LMS platform takes your employees on a learning journey that occurs alongside workplace productivity.
The Biggest Benefits of Enterprise LMS Solutions
Better Employee Retention
According to recent research, when learners have access to high-quality training resources, they’re 34% more likely to stay with a company for five years or more. Similarly, workers report feeling 15% more engaged with a role when they have opportunities for learning and development. Therefore, enterprise LMS platforms are a great way to reduce employee churn.
Remarkably, the effects of enterprise learning management systems aren’t just proactive. Several studies have shown that disengaged employees with a low level of motivation tend to commit more fully when learning systems are introduced. Just over a quarter of workers who are unhappy with their positions would consider staying if they were offered online courses to progress their skills and knowledge.
Good enterprise learning management systems are just as important for the early stages of a role as it is for nurturing established talent. Recruitment processes can be very expensive. The last thing you want after spending money to build new teams is for those new employees to feel unsatisfied and leave within their first year because of a lack of learning opportunities.
This speaks to poor onboarding processes, and it results in lost time, money and resources. With enterprise LMS vendors, you can use eLearning tools to create learning paths that make sure new recruits get the information they need to hit the ground running. Opting for software rather than fully manual training gives you the ability to teach several learners at once, without sacrificing the quality of learning.
Enterprise LMS platforms improve productivity by contributing to the creation of a more competitive workforce. When there isn’t an obvious “next step,” employees can easily get despondent and disengaged. The very concept of a career implies upward momentum. For a happy and productive team, everybody needs a chance to advance and learn.
Software solutions are a great asset because they make it easy to identify skill gaps and target employees with the right kind of opportunities. In addition, the use of virtual classrooms, remote lessons, blended learning content and community forums facilitates social learning. When people learn by interacting with one another, they’re more likely to become friendly with another and stay motivated along their eLearning journey.
Quick, Simple, and Affordable
Building an end-to-end training program is a mammoth task. Oftentimes, even mid-sized companies struggle to commit the necessary manpower, time and resources. However, it isn’t a problem with eLearning software, because the teaching processes are automated or employee-led. With some learning management systems, there’s no need for an administrator at all.
With others, a supervisor or course leader is only necessary some of the time. Furthermore, once lessons and teaching materials have been uploaded to the system, they can be reused as many times as preferred. Businesses can teach large numbers of learners with a single set of resources, even when instructor-led training is required. As such, the potential savings provided by learning management systems are substantial.
Finally, learning management systems are a valuable tool for both personal development and internal compliance. You shouldn’t just assume that departments are equipped with the skills to guarantee regulatory compliance. Not only can state and federal regulations be very complex, but they’re also in constant flux. Continual training is needed to ensure that teams are up to date.
This is easy to do if you work with specialized, endorsed learning management system vendors. Make sure your provider is knowledgeable and compliant, and that your staff will be trained to be the same. In addition, talent management systems keep your business on track for reducing liability risks by sending alerts when it’s time to renew certificates.
Picking the Right Enterprise LMS Software
Broadly speaking, learning management systems can be categorized into one of two groups: horizontal and vertical learning. Or, to put it simply, general and niche learning.
Horizontal Learning Management Systems
Most businesses use horizontal learning solutions because they’re designed to fit a wide range of industries, markets and disciplines. They tend to be agnostic, without a targeted focus. For example, many learning management systems, such as Litmos LMS, Docebo and Successfactors, are designed with schools in mind. These systems can be applied to other industries and corporate models.
While this kind of homogeneity can seem like a negative, it’s already inherent in most business solutions. Just think about companies like Salesforce. Salesforce provides horizontal marketing and sales software to a staggering variety of clients, though the technology stays the same. It’s through customization and scalability that companies achieve optimization.
Vertical Learning Management Systems
A vertical learning management system refers to niche or industry-specific online learning resources. These systems shape their production design and feature sets to one particular industry. You’ll find the majority of vertical systems cater to the education sector. However, there are niche-specific products built specifically for the fitness, hospitality and healthcare sectors.
A vertical learning management system is ideal for legacy companies with firmly established models and partnerships. For instance, non-profit and governmental organizations are best suited for this type of software. For the most part, though, companies thrive with flexibility. If your market is dynamic and developing, opt for a horizontal system with room for customization.