Over 90% enterprises have voiced their concerns in lieu of the employee training program being a major concern for the company in terms of investment and returns. Right from the orientation of new employees to the on-job training for the seasoned workers, all need training at some moment of their career. The biggest challenge for every company here is managing the training sessions for the entire workforce. For small and medium enterprises, the sheer amount of investment required is a daunting task. On the other hand, for a large enterprise, this challenge becomes multifold with various teams requiring specialized training in their functions.
The solution to counter this challenge is a Learning Management System (LMS) which simplifies the entire process of training and evaluating the employees, as well as tracking their progress and performance. The advantages of adopting an LMS for employee training programs are many, which are discussed below.
1. Low Investment with High Return on Investment
As discussed above, the sheer investment required for implementing an employee training program is high. The need for classrooms, external resources, and other training resources in a traditional system drains the company resources through the high amount of investment required. Switching to an LMS is advantageous for the company owing to the digital nature of the training curriculum with easy management options. It saves on the resources and costly on-floor time, and along with high efficiency of eLearning results in high return through company growth.
2. Quick Communication and Course Disbursement
With an LMS, the company can engage in a quicker communication channel with their employees, as well as have a dedicated channel for all training related communication. The system administrator in-charge of the LMS can put out custom notifications to the individual custom dashboards of the employees, as well as edit the users and file access permissions in a matter of clicks. The complicated process of record keeping and managing data is all covered with the adoption of an LMS.
3. Flexible Availability of Training Curriculum
An LMS is tweaked to be compatible on all devices, PC, Laptop, Tablets, and Smartphones. This makes it easier for the enterprise and the employees to gain access to the training curriculum. This flexibility makes for an efficient program for the company as the training program is made available on the discretion of the employees. This allows for efficient performance by employees in the application of on-job training, and hence is advantageous in the overall growth of the company.
4. Availability of Social Learning Option
In a classroom program, the employees have to go through a one-to-many mode of communication. But in case of an LMS, employees can engage in peer-to-peer discussions and use online forums to discuss topics and have their queries solved. The employees can even opt for group study sessions to increase live discussion and productivity of their training sessions. This provides them with an opportunity to engage in role-playing sessions to simulate real-time situations for a better on-job performance result.
5. Live Performance Tracking
Tracking of progress and performance is a major advantage for the company with LMS implementation. The company can check the progress of their employees undergoing training as well as their performance in tests so as to judge them on their on their capabilities. The company can then accordingly allocate tasks based on the ability of the employees to handle those tasks.
6. Quicker Course Updates
The need to update the curriculum according to the demands of the industry is critical and frequent. This is a major challenge in terms of updating the course material on the fly. An LMS makes the transition and updates easier whenever the new updated curriculum is made available. This allows the companies to push the latest training program to the employees in real time without causing any lag in terms of the requirements of the workforce to meet the industry demands.
7. Quick, Efficient and Periodic Training Management
The main objective of an LMS is to help the company manage their employee training program in the most efficient manner. An LMS allows the system admin manage the training program for an individual employee or a team of employees in a jiffy as well as track their performance in a matter of clicks. The company can make changes to the training program as well as push notifications to the employees for the latest updates regarding training or scheduling of new training programs. An LMS even acts as a good platform to receive employee feedback for the training program, as well as for the company as a whole which is an added advantage.
A Learning Management System might not be the ultimate solution, to say the least, but it is the best solution available today for companies and enterprises to manage their employee training programs in the most efficient manner. The sheer amount of flexibility it offers for the employees as well as the employers is what makes an LMS the next best thing in terms of adoption for timely and efficient training of their employees with respect to being job ready.