There is a multitude of benefits and advantages when implementing a learning management system (LMS), and these apply to the company and its student audience.
Benefits for the company
An LMS can help companies to:
- Reduce the costs of learning and development
- Reduce the time of induction and training of employees, customers and partners
- Accommodate multi-language audiences
- Centralize e-learning resources
- Maintain compliance with regulations
- Track student progress
- Conduct the induction of partners and resellers to improve their ability to sell
- Retain customers by ensuring that they use the products and services effectively
- Measure how learning impacts the performance of the company
Benefits for the student:
An LMS can help a student to:
- Increase knowledge retention
- Keeping up with the required training
- Stay motivated with the best practices of formal and informal learning
- Acquire the skills and knowledge required for professional advancement
- Improve performance
There are around 700 solutions in the landscape of an LMS, each of which offers something different. Finding the best LMS for the unique needs of your company may not be an easy task.
Here are some key features that an LMS should include:
Automation of administrative tasks – This feature allows administrators to automate recurring tasks, such as grouping users, registering groups, deactivating users and new user population.
Certification and retraining – an LMS should allow you to follow up and manage certification and retraining activities (eg when managing recurring/continuing education/compliance programs)
Social learning – as already mentioned, your LMS should support informal training activities. Your LMS should include features that stimulate collaboration, peer-to-peer counselling, and knowledge conservation.
Mobility – learning content must be accessed at any time, anywhere, regardless of which device is used. Learning management systems must allow content to be accessed on mobile devices to allow learning at the right time.
Management of courses and catalogues – fundamentally, a learning management system is the central system that holds all courses and learning content. Administrators can easily create and manage courses and course catalogues for personalized delivery to each user.
Content integration and interoperability – Learning management systems must support the learning content packaged in accordance with interoperable standards such as SCORM, AICC and xAPI (formerly known as Tin Can).
Content Marketplace – not all learning content is produced internally. Allow your students to access “off-the-shelf” courses which are created by different global providers such as OpenSesame and LinkedIn Learning
Notifications – notifications allow students to keep up with the required training. LMS systems must support automatic notifications in real time, indicating to students their progress, completion of courses, certifications, achievements, comments, and more.
White label and personalization – Immerse your students in a completely unique platform and maintain the consistency of your brand within your e-learning experience.
Gamification – increase the commitment of your students by allowing them to earn points, badges, prizes, etc. in all their learning activities.
Integrations – keep your organization’s data in sync with an LMS
E-commerce – integrate your e-commerce platform as Shopify, with payment portals such as PayPal and Stripe.
ILT classroom – led by instructors – the purpose of a training management system is not to replace instructor-led learning with online learning – on the contrary, what an LMS should do is support learning at the moment what happens (eg via a mixture of formal and informal learning methods) and provide a way of delivery, monitoring and measurement of learning activities. As such, your LMS must support in-person learning initiatives based on the classroom (eg management of class schedules, performance monitoring and attendance, etc.).
Reports – one of the most important features of an LMS should include the ability to track the impact that its training programs are having on your business. Your LMS should allow you to obtain information and data through personalized reports and dashboards that provide metrics in learning activities.