A Learning management system (LMS) in the workplace can be vitally important. They work by creating a virtual work environment for employees, which can ultimately streamline business practices and employee training, among other attributes. But there is also a competitive advantage to using learning management systems.
“75 percent of organizations believe knowledge management plays a significant role in improving competitive advantage,” a KPMG study, cited by learning solutions company elementK, said.
By using the knowledge they have learned from taking performance improvement tests on LMS’, employees can bring their companies many extra benefits than if they didn’t use the system.
Where LMS’ are being used
The American Society for Training & Development (ASTD) is by far the most comprehensive website for employee training e-Learning options. The organization offers resources about consulting, evaluation, leadership, performance improvement, training fundamentals and social networking, in addition to e-Learning.
How LMS’ benefits management
There are many benefits to management from implementing this type of a comprehensive system.
Company SumTotal’s TotalLMS system benefits can include, “increased productivity, improved compliance and audit readiness, stronger customer and partner relationships, more engaged workforce, and greater visibility across the entire business,” according to the organization website.
Plateau Learning & Performance Management Solutions agrees that LMS’ can create a more engaged workforce. Other benefits also include increasing workforce productivity, decreasing operational expenses and improving regulatory compliance.
Staying compliant
LMS’ can also help with compliance standards. If employees must take a test to be certified with a specific skill set, LMS’ can facilitate that instruction.
Company inspired elearning offers an LMS that can “deliver, track and manage all of your online and instructor led training programs in 16 languages,” according to their website. Companies who accept these systems include Hearst, IRI, Lincoln Financial, Sealed Air, Flagstar Bank, and ADP.
Evaluating training
LMS in the office support professional development. Employees can take the required testing they need for their particular job, without much hassle on the employer. Since the system is online, the results of the testing can be configured immediately and employers will not have to wait to let their employees know the results of any compliancy tests.
By using the systems to evaluate how well an employee is performing, managers can also quickly and easily identify areas an employee needs to improve.
“Performance improvement is the process of identifying and analyzing important organizational and individual performance gaps, planning for future performance improvement, designing and developing cost-effective and ethically justifiable interventions to close performance gaps, implementing the interventions, and evaluating the financial and non-financial results,” according to ASTD.
It is also worth visiting A2XConsulting.com, a business resource providing human resources and general management related advice. They are a good resource for learning more about topics such as training and performance management.
Resources
There are a few web resources that can help companies establish LMS’. These include:
