A high-quality Learning Management System (LMS) can make a massive impact on the operation of your business, and not just because it makes life easier in the HR department through automation and simple reporting.
Benefits of an LMS include:
- Bridging company and employee goals with learning activities
- Employees who retain more information and produce higher quality work
- Skills development that prepares employees for future career development
- Decreased turnover and higher engagement and productivity levels
Whether you’re looking for an LMS to ensure compliance, to bridge the gap between employee goals and company strategies, or simply to automate your process, the opportunity to make the process smoother is at the tip of your fingers with a cloud-based LMS that can be operated any time, anywhere and by almost any piece of tech that has an internet connection.
We’ve put together four ways to extend the use of LMS beyond compliance.
Great Training is Good for Recruitment
One in four Baby Boomers and Gen X employees, and nearly half of Millennials, say they’d leave their current jobs for one that offered professional development, according to Gallup.
With the economy clipping along and workers optimistic about the future, workers are less worried about keeping their job and more worried about how they can put themselves in an even better situation for the future. Training and professional development may not traditionally fall into the benefits category, but the data is changing on how much employees value learning at their jobs.
By using a robust development program, you’re likely to have an edge on bringing in entry-level recruits and even keeping promising up-and-comers within your organization.
A Robust LMS Addresses Major Retention Issues
A 2019 study from the Associated General Contractors of America showed that 43 percent of responders said an inexperienced skilled labor/workforce shortage was their No. 1 concern.
But the bright side is that the shortage also creates a powerful retention opportunity. Training existing employees can be an effective strategy for recruiting hard-to-fill positions. And training for increasingly complex roles with your current employees has its benefits:
- Employees are already familiar with your company culture and expectations
- Promoting from within boosts morale
- Internal hires have a shorter hire time and cost less than external recruits
- When you train, you train your way
Use Your LMS to Track Employee Development & Offer Feedback
Tracking performance growth is one of HR’s most underrated capabilities, but with a strong LMS system that includes tracking and reporting, every employee’s development is easy to view, from hire to the end of the employee journey.
And with automated communication, your LMS system not only keeps track of employee progress and deadlines, it also communicates to them throughout the process. This is important, as Gallup points out: Employees are more likely to learn and grow when they receive immediate feedback that is:
- Targeted at their development
- Able to be put into practice right away
Drive Employee Engagement & Teach Culture
An important part of business strategy is working to make your workforce highly engaged. Why is this important? Just look at these stats from Gallup that show what businesses in the top quarter of engaged workforces see compared to lower levels of engaged businesses:
- 41 percent lower absenteeism
- 70 percent fewer employee safety incidents
- 10 percent higher customer metrics
- 17 percent higher productivity
- 20 percent higher sales
- 21 percent higher profitability
One simple way to encourage engagement is through your LMS. Beginning with onboarding and continuing throughout their career, an LMS should be working side-by-side your employees to continually inject your business culture, goals and encouragement to achieve.
The Arcoro Learning Management System helps employees improve their skills and abilities to do their job.