Investing in a Learning Management System is a significant commitment. The cost of licensing can vary widely, ranging from $100 to $300 per year per learner, depending on the platform chosen. To ensure a positive return on investment, it’s crucial to establish clear goals and measurable expectations. This will allow you to assess the ROI of your LMS implementation.
THERE ARE TWO LMS OBJECTIVES
- PRE-ACQUISITION LMS OBJECTIVES
• Setting the right price
• Setting all the features
• Good customer service
- POST-ACQUISITION LMS OBJECTIVES
• Enhancing an employee’s job performance
• Fostering a learning and development culture
• Reducing costs and boosting profitability
• Promoting innovation
• Boosting engagement
• Developing a professional workforce
• Standardizing central training4
This article covers the topic of post-acquisition objectives of a Learning Management System (LMS) and the reasons behind setting them, as well as the advantages they bring to an organization.
WHAT OBJECTIVES SHOULD YOUR NEW LMS ACHIEVE?
SUPPORTING EMPLOYEES IN THEIR JOB PERFORMANCE
The main objective of a Learning Management System (LMS) is to support employees in their job performance. Therefore, when setting up the LMS with courses, learners, administrators, and learning pathways, it is crucial to ensure that the LMS directly impacts and enhances a specific job function. This should be the first objective in mind.
Establishing Improvement Objectives for an LMS
- It is crucial to secure that learners, courses, departments, and managers are all aligned with one another when using an LMS.
- The learning pathway feature of the LMS helps monitor the timely start and completion of courses, making it an effective tool for setting performance improvement goals.
- Assessments also play a crucial role in measuring progress as they provide insight into a person’s improvement. The inbuilt assessment engine of the LMS can assist in this process.
Establishing a Culture of Learning and Development
Job performance improvement is accelerated when a culture of learning and development is fostered. Ensure that learners are motivated and interested in pursuing self-development. Making a “learning culture” a crucial objective through your LMS is essential.
How to Foster a Culture of Learning and Development?
- Ways to maintain and expand your learning content,
- Connect rewards, advancements, expanded duties, and positive evaluations to learning
- Make training easily accessible by utilizing your LMS
- Choose an LMS with a social learning feature that allows learners to freely exchange and discuss topics, promoting a supportive learning environment.
Ways to increase interaction through use of an LMS include.
Enhancing Organization-Wide Productivity
An LMS is primarily known for enhancing employee efficiency, resulting in an overall improvement of organizational efficiency. A study conducted by iSpring Suite showed:
- 40% reported an increase in revenue.
- 53% reported an increase in productivity.
- 26% reported a reduction in costs.
- 16% reported a decrease in employee turnover.
Organizations benefit from the boost in efficiency achieved through training and development with an LMS, so enhancing efficiency is another objective to establish for your LMS.
Evaluating Enhanced Organization-Wide Productivity
Evaluate the differences in your organization’s metrics before and after the implementation of the LMS. Analyze key indicators of the company’s growth and success, such as revenue, employee turnover, productivity, and customer satisfaction, to assess the impact of the LMS.
Making innovative advancements and being resourceful are another set of goals to aim for when implementing an LMS in an organization.
An objective to have when setting up an LMS is to enhance creativity and innovation by providing access to up-to-date information. The LMS serves as a good platform to store and distribute current information, which can inspire employees to come up with new ideas and improve processes. Make sure to use the LMS to its full potential to foster a culture of innovation.
Another objective to consider when using an LMS is to enhance resourcefulness among employees. The platform serves as a comprehensive repository of information, which can be accessed remotely. This makes it an ideal tool for employees to access product manuals, data sheets, updates, pricing, and more on a regular basis. Utilizing the LMS to its full potential can help employees develop the skill of finding solutions by referring to existing documents.
How to verify that yours LMS boost creativity and resourcefulness
- Encourage employees to regularly access and utilize the resources available on the LMS.
- Provide regular training sessions to help employees develop their skills in utilizing the LMS to its fullest potential.
Boost Involvement rate
Making sure employee engagement rates are higher is another goal to set for your LMS. An eLearning approach, facilitated with an LMS, has the potential to improve engagement levels as it provides access to accessible training and engaging learning materials and offers quick assessments of learners to boost their performance.
Many employees consider that companies could be contrasting with their personal objectives and growth. Providing content on the LMS that helps employees achieve their personal goals and growth both inside and outside of the organization it can help learners feel a stronger connection to the organization and to their own personal and professional development..
Ways to increase engagement through use of an LMS include:
- Fill the LMS with training material aimed at enhancing an employee’s job skills.
- Make sure the content is relevant to their job requirements.
- Provide them with the chance to learn through the LMS, apply the knowledge to their current job, and advance through internal promotions or additional responsibilities.
Fostering a Skilled and Experienced Workforce
The age-old English saying, “Learning makes a man fit for both himself and society,” holds true not only for individuals but also for organizations and their employees. Providing training and development opportunities transforms employees into experts in their field, imbuing them with the confidence and competence of a seasoned professional. This enhances not only their performance in the workplace but also their interaction with colleagues and customers.
It is important to note that this type of training goes beyond simply teaching employees how to behave professionally. Rather, it focuses on enhancing their core skills and deepening their understanding of their job responsibilities. With this deeper knowledge, employees become confident and efficient in their roles, naturally exuding the demeanor of a seasoned professional.
How to develop and nurture your team?
- Filling the LMS with In-Depth Courses on a Specific Topic
- Including Instruction on Professionalism and Etiquette
- Evaluations through the LMS’s Testing Feature Hands-On,
- Scenario-Based Training
Consolidating Training Guidelines and Procedures
The ultimate objective of utilizing an LMS should be to centralize training standards and procedures. This standardization eliminates ad hoc training practices that can produce inconsistent results and make tracking progress challenging.
Achieving centralized training is a key goal for both administrators and learning and development teams.
Strategies for Consolidating Training Programs through an LMS
- Centralizing Training Materials and Communications Utilizing the LMS for Scheduling, Coordination
- Record-Keeping Migrating Traditional Training to a Modern
- LMS-Based Approach
Conclusion
An LMS is a significant investment, so it’s important to set achievable goals and track their progress. At R8 LMS, we understand the importance of success and have designed our LMS to drive growth within organizations. Our platform has received numerous awards from independent evaluators and SaaS comparison websites, solidifying its position as a leading LMS.
If you’re interested in seeing why R8 LMS is considered a top choice, take advantage of our free trial by clicking here. If you’d like to discuss your specific needs, please reach out to us at [email protected].
We look forward to supporting your learning journey!”
