If you expect the best from your employees, it’s important to give them the tools to succeed. When companies strive to foster growth and development, employees are generally happier and more actively engaged. In fact, a Paychex survey focusing on employee retention revealed that 29 percent of respondents would consider leaving a job with little opportunity for skill development. Career development also ranks exceedingly high for millennials. According to a Gallup report, 87 percent of millennials claim professional growth and development opportunities are important to them in a job. Depending on your employees' training preferences, a learning management system (LMS) can offer a range of educational features, from basic essentials to an enhanced learning library.
Address the desire for learning in today's workplace
Today's employers face several challenges when it comes to supporting and actively engaging the diverse learning styles of their employees. By acknowledging that each employee may have a different path to learning, companies can provide options that work for everyone. An LMS can house a variety of training materials and help you overcome some challenges to implementing a company-wide training plan, including:
- Remote workers: Employers with offsite employees and freelancers must decide how to roll out training programs when employees don’t work in the same location. Providing access though a mobile, cloud-based LMS is one efficient solution.
- Employee motivation and engagement: Companies must acknowledge that each employee has different career goals and needs individual development. Today's employees are increasingly seeking out opportunities to learn on the job and taking the initiative to advance their careers.
- Using training and development to hire and retain qualified employees: Top employees want to know a company is interested in investing in their future. Not only can an LMS be a great recruiting and retention tool, but it can also help fill jobs in-house by expanding your current employees' skill sets and allowing them to move up to more challenging positions.
The benefits of an LMS for small business
The far-reaching benefits of an LMS allow companies to manage their training and development programs with a higher degree of efficiency and effectiveness. Small businesses can expect a number of key advantages when using an LMS, including:
- Remote access: Allows for all employees to participate, regardless of their geographical location.
- Visible impact on retention/engagement: An LMS can be customized to your company's specific onboarding procedures, engagement goals, and retention strategies.
- On-demand/self-paced development: When employees can choose when they want to complete training, this can save both time and money compared to other options such as paying for an outside training company. Self-pacing also helps avoid scheduling conflicts by permitting employees to complete training at a time that is convenient for them.
- Uniformity in training, learning, and culture: An LMS is a great way to offer standardized training programs developed specifically with your company's mission and goals in mind. The learning management system can help maximize the funds spent on training and development, and ensure that development opportunities are extended to all employees.
- Invest in what's important to your business: An LMS gives you the ability to create content and skill-specific courses. This can range from reinforcing soft skills, like conflict resolution, to highly technical areas, or the development of industry-specific expertise.
Features and capabilities of a high-quality LMS
When evaluating a learning management system, focus on features that offer employees a range of opportunities to learn, while still reinforcing programs that best fit your business needs. If you're not sure what works best, some features of an LMS to look for include:
- Customizable questions and layout to allow the product to best reflect your business;
- Easy navigation and a straightforward, intuitive interface;
- Group learning setups; and
- On-demand training/learning.
In addition, you'll want to consider how learners will use an LMS. For instance, a cloud-based, mobile-friendly application can avoid the need to pull employees away from their work for training sessions. Ensuring that training can happen at a time and place that works best for employees gives them a higher chance at successfully reaching their learning goals.
If you're looking to increase training and development opportunities for employees, a state-of-the-art LMS can help. The latest systems allow for easy content creation with a simple and easy-to navigate platform.