An LMS supports a variety of internal as well as external corporate use cases, including:
Save training costs
LMS platforms help decrease learning costs by eliminating expenses such as instructor fees, classroom rentals, travel, and printed material costs. You can have webinars/Virtual Instructor-Led Training as well as a digital repository for all learning material, thereby eliminating excess costs.
Rapid Content Update
Make updating your training content a seamless and swift task. Administrators can add new content modules on top of the existing training curriculum with ease. Traditional learning whereas would have required the trainer to create new material from scratch.
Provide effective training to your employees without the physical location barrier. Keep the momentum going with virtual training, regardless of employees working from home or other non-traditional work environments.
Employees would have to leave their daily tasks specifically to attend training, thereby impacting productivity. Provide seamless access to the training material with the help of mobile-friendly applications, anytime and anywhere.
Most LMS platforms come with analytics and reporting tools to help administrators identify learning gaps, generate user engagement metrics, and understand the ROI of training programs. This data provides valuable information about the efficacy of the training program, the requirements to improve performance management in your company, and provides clear development paths for employees.
Promoting a culture of Continuous Learning
Offline training courses take a long time to organize, so they usually take place annually or on-demand. E-learning courses are easy to conduct and, along with online presentations and webinars, are inexpensive. Using an LMS for training ensures the continuity of improvement and employee learning.
Efficient Compliance Training
In several cases, corporate employee training is geared towards legal compliance. A good LMS automatically monitors and reports on compliance levels and warns early on renewals. This is an efficient risk management tool when it comes to costs to avoid incurred in the event of non-compliance.