Employee performance drives business success. And appropriate training is vital to your company’s growth.
Before the internet — when how-to articles and video tutorials weren’t immediately accessible — in-person, instructor-led training (ILT) was the go-to workplace training method.
However, with today’s instant access to information, employees don’t need to spend hours in a conference room to learn. More employers are replacing in-person ILT training with online learning management software (LMS), which is:
- faster
- easier to access
- more engaging
- more cost-effective
- more consistent
Also known as a learning management system, an LMS delivers introductory, advanced and industry-specific training through the convenience of an app. It’s also a delivery vehicle for companywide communication.
The right LMS is key to retention. Today’s employees want to hone their skills and advance their careers. In a May 2024 Paycom survey of 2,200 full-time U.S. employees:
- 61% said they need to learn new skills within the next year to stay current or advance to a new role
- 28% rated their organization’s training as fair to poor
How do businesses find the ideal online learning management software?
With so many LMS options on the market, employers should look for tech capable of both computer-based and mobile learning. With these options available, employees can control how they choose to learn — and when.
Talent shouldn’t have to ask for training, especially when it’s convenient and accessible. The right LMS should be available in the same single software employees use to manage all their HR data, through just one login and password.
The right LMS will also make it easy for HR or training professionals to browse, select and purchase new training content. This way, it’s easy to update training paths and offer new ways for employees to expand their skills.
Additionally, an LMS should double as a great communication tool, both providing necessary compliance training and sharing information with employees. It should also be capable of tracking course completion and an employee’s comprehension of the material.
In this guide, we’ll explore how the right learning management software:
- helps businesses keep people on staff longer
- reduces the cost of training
- is easy to use, efficient and engaging