Everything you need to know about Corporate Learning Management Systems
Everything you need to know about Corporate Learning Management Systems
A state-of-the-art, user-friendly Learning Management System (LMS) for employee training and skill development has become one of the most important goals of today’s corporate environment. Organizations are investing millions of dollars to learn LMS and including it in their Learning & Development (L&D) milestones.
Corporate LMS has found its place across all markets and industries viz consulting, healthcare, education, engineering, and government.
But what is Corporate LMS? The following section discusses everything you need to know about Corporate LMSs.
Corporate LMS: Definition
Corporate LMS is a software platform designed to offer customized training modules to all employees and clients of an organization.
Corporate LMS also offers training programs for new hire onboarding.
It comprises a system of interactive and engaging dashboards making the learning experience fun and convenient for online learners, instructors, and administrators.
It provides online learning content, cross-functional and mobile access, performance tracking tools, and more – all in one place.
Need for Corporate LMS
The benefits of employee training through LMS outweigh the challenges. Some of the key reasons why an organization may consider adopting a Corporate LMS are listed below:
Reduction in time and costs
Continued Professional Development of the employees is vital for the success of an organization in today’s competitive market. Corporate LMS reduces training costs significantly when compared with traditional training methods.
The corporate LMS platform is scalable and supports varying training requirements of organizations of all sizes and in all geographical locations.
Corporate LMS offers 24 x 7 access to training programs, enabling the employees to learn at their own pace and convenience.
Corporate LMS Analytics tools can examine the performance of employees and generate instant reports to help the L&D teams regularly alter the training programs.
Key Features of Corporate LMS
The key features of a robust Corporate LMS include the following:
Corporate LMS allows adding or removing users, altering their access levels, and organizing them in groups (based on their roles and sectors, for example)
Training Program Management
Corporate LMS offers the flexibility to regularly update the course materials based on changing needs of the organization and deliver them across all user groups.
Corporate LMS has the provision of issuing certificates to the employees once they complete their multiple online training courses and modules.
Reporting and Analytics
Corporate LMS has the provision of assessing the learning performance of the employees and generating custom reports for employees and administrators.
Corporate LMS includes interactive content such as mini-games and simulations. It also has the provision of rewarding the employees with points and badges as they progress in the training program.
Users of Corporate LMS Platforms
Corporate LMS platforms can benefit organizations of all sizes and industries by training employees to stay competitive and competent in the market.
Within each organization, the following user groups will access the Corporate LMS Platforms:
- Administrators – They are responsible for the management and delivery of training programs.
- Online Instructors – They are responsible for conducting specific training modules.
- Authors – They are responsible for generating training content and course materials.
- Employees – They are the learners.
Types of Corporate LMS Platforms
Corporate LMS Platforms are evolving continuously. Organizations today have multiple options to choose from, as described below.
Open Source LMSs are usually available for free and do not require any licenses. Organizations will, however, be required to invest in a trained IT professional who can modify the publicly available source code based on the organization’s needs and an in-house server to mount the LMS and distribute its access within the organization.
Commercial LMSs are created by LMS vendors and require the organization to pay a license fee.
The benefit of Commercial LMSs is that the vendor is responsible for the operation and maintenance of the system, unlike open-source LMS.
These are operated by an in-house IT team and involve high costs for set-up and time-bound licenses.
Cloud-based or web-based LMSs are hosted online by vendors and do not require investment in specialized IT infrastructure. These may be made available on multiple devices and at any geographical location.
Integration of Corporate LMS with other tools and software
Integrating Corporate LMS with other tools and software simulates a user-friendly, interactive, and enriched online training experience. Some of the tools and software which usually integrate with LMS include the following:
eLearning Authoring Tools
Organizations integrate authoring tools with Corporate LMS to create training content and course material using gamification tools, videos, tutorials, and assessments. eLearning Authoring tools also enable the organization to publish the training content and track the performance of employees. Authoring tool may be of the following types:
- Bundled: Combination of multiple tools to create complex interactive eLearning courses
- Built-in course editors: Provision of creating moderate content for learning
Customer Relationship Management (CRM) System
Integrating Corporate LMS with CRM enables the organization to create a social learning experience for their clients and customers.
It provides a common online platform for all business stakeholders to interact, share ideas, and highlight concerns.
Knowledge repositories provide a database to store all training content and course materials.
Corporate LMS may be integrated with an e-commerce platform to sell the online training material directly to external users.
Integration of LMS with microlearning platforms is a relatively new concept where the training course is broken down into bite-sized modules to enable agile and mobile-friendly knowledge delivery.
Business Intelligence (BI)
Integrating Corporate LMS with BI tools enables instant and accurate data reporting and analysis of LMS data such as completed training modules, outcomes, and employee performance.
The BI tools generate an opportunity to create personalized diagrams and dashboards within the LMS.
Other tools and software which may be integrated with Corporate LMS include HRMS, CMS/ LCMS, Social Media, and Collaboration Software.
Corporate LMS: A boon for Business
Corporate LMS enables streamlining of the learning and development processes of the organizations.
By automating the administrative tasks related to training, Corporate LMS provides ample time to the L&D teams to focus on improving the quality of training content and stay up-to-speed with the market trends.
Corporate LMS is accessible 24 x 7 from any device and at any geographical location, thus enabling the employees to learn and develop their skills as per their convenience and professional aspirations.
It can bring multiple benefits to a business by upskilling all employees, reducing training costs, providing integrated platforms for onboarding new hires, engaging clients and customers, and creating a positive, motivational working environment.