The elearning market has quickly gained popularity.
There has been a 900% growth in the elearning market since the start of the century.
Let’s take a look at the role of your learning management system (LMS).
But first...
What is a Learning Management System?
An LMS is a software that organizations use to create, manage, and deliver various processes. Through a single organized system, you can provide training courses and programs. An LMS makes it easy to track training for employees, partners and clients. With an LMS system, your organization can hire employees from all over the world while ensuring they receive top-quality training. The beauty of online elearning is that these employees can have access to real-time virtual instruction, pre-recorded lessons, quizzes, courses, guides, etc., at any time. More companies are seeing the value in online elearning and are making the shift.
An LMS consists of two parts.
- An admin interface
- A user interface
WHAT IS AN ADMIN INTERFACE?
The admin interface consists of a training manager who completes the back-office tasks to manage its learning courses. The admin interface lets you create, manage, deliver the programs, automate notifications, inspect reports, add any learners, etc.
What is a User Interface?
A user interface runs inside your browser and is what the learners will see when they enroll in a course.
An LMS can help you:
- Create: you can build online elearning content and courses
- Deliver: you can assign courses to employees, clients, etc.
- Monitor: you can manage and track the participant’s progress
Who should use an LMS?
It depends on the needs and priorities of the organization, but here are some examples of companies that are utilizing an LMS.
- Companies in a range of industries like healthcare or tech
- Multinational enterprises
- Medium and small businesses
- Government associations - ex. United Nations
- Nonprofits
- Non-government associations
- Consulting firms
- Independent coaches
- Universities, colleges, and schools
What is the role of an LMS?
Onboard new hires: you can automate onboarding and provide helpful information to new hires like company policy, history, conduct code, harassment policies, etc.
Train employees: you can eliminate disruptions caused by traditional training. Training employees online will cut costs and allow employees to go at their own pace. As well, elearning is measurable as you can track their progress.
Train customers: you can train from anywhere in the world, at any time, which cuts costs and saves time.
Enable sales team: you can update sales knowledge quickly through elearning courses.
Support education: you can teach remotely, which we saw high demand for during the COVID-19 pandemic. An LMS is suitable for many educational purposes.
Train remotely: your team can access training content from anywhere in the world, which saves time and money.
Wrap Up
An LMS can save a significant amount of time and money and increase your business's overall productivity.
Every organization wants the perfect LMS. However, they're all different and will target the needs of some companies better than others. Therefore, when selecting a suitable LMS for your company, make sure to prioritize your needs, read customer reviews, and most importantly, test it using a free trial.