You may have heard of a learning management system (LMS). And that it helps simplify the management, delivery, and tracking of educational programs. But did you know an LMS system for business can do much more than that? 

How a business LMS can help your organization

Organizations today are becoming increasingly decentralized and geographically dispersed. More and more, companies are having a difficult time ensuring their workers are properly trained, engaged, and in it with them for the long haul.

Failure to address these issues can result in decreased productivity, legal troubles, high turnover rates, and stagnant growth. Here’s how a business LMS can help solve these workplace challenges.

Employee onboarding and ongoing training

One of the biggest challenges organizations face is equipping their employees with the skills and knowledge they need to thrive in their roles. And many businesses may not realize it but they often fall short starting on day one.

Strong onboarding processes are a crucial component of an employee's success as well as their job satisfaction. One study revealed that 69% of employees will stick with a company for three or more years if it has a great onboarding experience.

Ongoing training is also incredibly important to the long-term success and happiness of an employee. Studies show that companies with ongoing training boost employee productivity by over 70%!

LMS platforms allow businesses to design, organize, and deliver courses, making it easy to provide structured training programs. Businesses can use this platform to create strong, streamlined onboarding processes, providing new employees with the knowledge and skills they need to excel from day one.

Moreover, an LMS for business can enable ongoing learning, delivering training that continuously improves employee skills. As industries evolve, so do the skills required to remain competitive in them. Ongoing training ensures that employees stay up-to-date with the latest best practices, technologies, and industry trends.

When using an LMS for business, organizations can also keep their organization agile and adaptable. Companies often undergo changes such as the introduction of new software, processes, or products. Ongoing training allows employees to adapt to these changes quickly, smoothly, and efficiently.

Knowledge sharing and collaboration

Collaboration among employees and efficient information sharing are crucial for innovation and problem-solving within an organization. But this is becoming increasingly challenging in the workplace today.

Remote employees often get isolated from organizations, making information sharing and collaboration difficult. And even traditional environments are having a tough time engaging employees, where finding time to connect with fellow colleagues requires more planning and structure.

One of the key strengths of a business LMS is its role in creating a centralized knowledge repository and meeting point for connection. It serves as a secure and accessible hub where employees can contribute, access, and distribute valuable information. This, in turn, cultivates a culture of knowledge-sharing within the organization.

With discussion forums, LMS platforms enable employees to exchange insights, best practices, and expertise – without needing structured times. These collaborative tools empower employees to seek answers, provide solutions, and collectively build an extensive repository of institutional knowledge that can add value to an organization today and in the future.

LMS platforms also often include collaborative learning features for hosting virtual classrooms, webinars, and live events. These tools enable real-time interaction among employees, even if they are geographically dispersed. Employees can attend live training sessions, participate in discussions, and engage with instructors and colleagues.

Real-time learning through web-conferencing and breakout rooms allows employees, who otherwise wouldn’t have the opportunity, to connect with others. From these organic sessions, employees may come up with innovative ideas and continue to collaborate beyond the immediate session, having far-reaching positive impacts on a business.

Many organizations who suffer from siloing feel helpless in trying to connect their organization more. An LMS for business provides a space for effortless collaboration that gets employees interacting with one another and other departments – all without the cost of in-person sessions.