The pandemic hastened the future workplace’s emergence in many ways. Employers are therefore making ongoing efforts to close the skills gap to gain a competitive edge. Human resource professionals lead the way in fostering a culture of lifelong learning and offering cutting-edge training alternatives.
HR technology is becoming increasingly vital as organizations adapt to remote and hybrid work. Onboarding, training, and upskilling are essential for keeping teams at the forefront and making the business competitive.
This is where a reliable Learning Management System (LMS) comes in, offering businesses an easy way to keep track of employee training.
According to the 2021 State of HR Report, 43% of respondents said they would continue using online learning even after the disease outbreak. They also named LMS platforms as the third most important area for investment.
5 Key Features of Learning Management Systems
Learning Management System features list is diverse, ranging from simple programs to a comprehensive learning library based on your personnel’s training preferences and corporate goals.
When assessing an LMS, look for features that provide employees with a variety of learning opportunities while also reinforcing programs that best meet your organization’s needs.
The type of LMS that is best for your workforce will depend on various factors, including your organization’s budget, size, and objectives.
Below is the LMS features checklist to further assist you in making your choice.
- Reporting and Analytics Dashboard
This feature combines learner progress data to provide a comprehensive perspective of the institutional learning curve.
- Skills Gap Assessment
Some LMS include pre-course tests to determine participants’ learning objectives, allowing developers to customize content based on the knowledge base of learners.
- Social Learning Tools
This feature enables group learners to collaborate on files or programs, participate in discussion threads, and share expertise and inquiries.
- 360-degree Reviews and Feedback
The LMS allows trainers to grade learner performance, and learners can provide feedback or suggestions to instructors.
- Organizational Management
Configurable organizational management in an LMS refers to modifying various branches, domain groups, extended organization, and user provisioning features to deliver a highly independent and superior-performing learning program.
7 Ways LMS Platforms Benefit HR Professionals
HR departments wear several hats. They must manage day-to-day administrative activities such as leave requests and employee sickness and lead strategic tasks such as new hire onboarding, employee training, and performance monitoring.
It might be challenging to focus when so many tasks are vying for attention. Thus, many businesses are investing in a robust LMS to help their HR team focus on more critical activities.
According to Fortune Business Insights, the global LMS platform market was valued at USD 14.43 billion in 2021. With a 14.2% CAGR, the market is predicted to reach a staggering USD 40.95 billion by 2029.
An LMS gives HR professionals the resources they need to handle everyday tasks and deliver long-term initiatives that add greater value. Here are some ways LMS offers peace of mind to HR teams.
- Streamline Onboarding Process
An LMS enables you to conduct effective online onboarding with just a few personnel involved. This means that highly competent personnel can devote time to new hires only when necessary, allowing them to focus on their core responsibilities.
Add all the materials to your LMS that will be helpful for your new employees, then distribute them as necessary. Configure the settings in your LMS platform, which will automatically give employees access to the necessary training resources.
If you need solutions that offer exceptional onboarding help for new hires, you can check BambooHR alternatives and identify which tool meets your requirements at a price you can afford.
- Organize Data in A Single Location
Instead of spreading your instructional content across multiple apps or drives, you should be able to keep everything in one place. This LMS feature lowers the risk of losing critical learning and development material and helps create your online course easier.
You can segment your users so they can access the subsequent material when it is appropriate. Even employees on the go can join the LMS platform with their mobile devices, so they don’t have to wait for their next online learning session to improve their skills and master work-related tasks. This is one of the primary factors why an LMS is necessary for worldwide audiences in various time zones.
- Compliance with Regulatory Requirements
Adherence to content standards allows businesses to manage content in several formats effectively. Furthermore, with the help of AI, compliance education on business rules may be delivered quickly, and modules can be assigned automatically.
- Create and Implement Course Based on Job Functions
Managing the company’s training program and creating engaging online courses are made easier with the help of an LMS. When using an LMS platform for employee training, HR and administration can create training curricula and establish course pathways rather than constantly picking and assigning specific courses manually.
These courses may include pre-made materials and lessons tailored to a specific job. Users of the LMS can assign employees to these guided routes when they are hired or when it is time for the yearly compliance training session.
For example, an inventory manager may access online training for managing the company’s resources using inventory software. You can include examples of free inventory software that they can use to monitor inventory levels and keep the right balance of resources. This allows them to choose the best inventory software for forecasting, logistics, and warehouse administration.
- Improve Employee Experience
According to LinkedIn’s Global Talent Trends report, 96% of professionals believed that employee experience is becoming more significant. The primary concept is to actively engage with employees to appreciate their perspectives and build experiences that allow them to accomplish their best work.
A robust personal development program is essential for achieving HR’s critical strategic goal of increasing employee engagement. With appropriate training and development, employee engagement can increase.
Investing in an LMS that satisfies your teams’ desire for knowledge may increase employee engagement levels.
- Measure Soft Skills More Effectively
Examinations can be used to test hard skills, but the only method for assessing soft skills is to monitor an employee’s performance. The best strategy is to ask everyone who works with a specific employee about their soft skills as part of a 360-degree performance rating review.
Some LMS tools include a 360-degree feedback assessment function. They allow you to expedite and complete this procedure in a single day, providing an illustration competencies radar chart for every person that clearly illustrates their weaknesses and strengths.
Based on the outcome, you can identify your company’s talents and organize initiatives to develop the needed competencies. For example, you may notice that your marketing team needs to improve in creative thinking. You can hold effective online learning sessions to help them improve this skill.
An LMS can demonstrate precisely how effective the initiatives were due to a sophisticated report engine. It gives you thorough reports so you can understand what skills the teams had previously, what actions you took to solve the problem, and how well those actions worked.
- Help Lower Training Cost
There are significant expenditures to consider when sending staff to a training session or hiring an instructor in-house. Additionally, these options might not even be practical given current travel restrictions and work-from-home regulations.
On the other hand, an LMS provides the mutually advantageous benefit of offering affordable learning and development resources that are still available to your employees even in the event of a significant company disruption.
Streamline HR Tasks with A Robust Learning Management System
Learning Management System features and benefits are varied, making it a helpful tool for businesses to overcome numerous operational obstacles when appropriately used.
It lets you know your employees’ credentials and competencies while saving you money and time by enhancing your hiring procedure and HR brand, collecting and swiftly distributing the company’s best practices through online courses.
When you choose a learning platform ideal for your company, you empower your teams and provide them with the resources they require to excel in their fields.