The rapid proliferation and adoption of LMS software solutions across multiple business sectors is a definitive indication of its increasing demand, particularly in the workplace.
From small business LMS, such as the FinancesOnline small business learning management systems list, to enterprise-grade LMS solutions, companies are indeed spending money on these platforms.
According to a 2018 LMS software market forecast, the global LMS market size is projected to grow from $9.2 billion in 2018 to as high as $22.4 billion in 2023.
From a business standpoint, LMS systems can be more than just solutions for small business or even a huge corporation. It is a long-term investment designed to help them advance towards their corporate goals via constant training, immediate access to learning materials, detailed performance evaluation, and comprehensive reporting among others.
But how does the LMS software empower the modern employee? Check out below.
1. Create a Culture of Encouragement
The best online learning platforms are not just the ones with the most advanced features and capabilities. Rather, these are the ones that help companies build a community where workers and managers can converge and help each other out.
Most examples of LMS focus on showcasing sophisticated tools and impressive functionalities, such as a powerful search engine for articles and content, microlearning capabilities, and gamified learning, among others. Having the latest LMS features does help companies create and execute learning strategies and achieve results.
That said, a good LMS enables business organizations to provide an environment where leaders can engage employees in an informal mentorship setup. Workers can greatly benefit from an LMS that lets them connect to business leaders they look up to, like follow the best restaurant managers or engage with the top engineers in their field. Workers can interact with their fellow workers in meaningful cross-expertise exchange.
Through crowdsourcing within the LMS platform, managers can quickly recognize their most enthusiastic employees and identify those who require expert guidance and leadership.
This helps managers spot gaps in performance and provide encouragement to workers, which then inspires them to perform better. While it may not seem much, encouraging words mean so much to the average worker.
2. Acknowledge the Small Victories
Aside from helping companies build a nurturing environment where employees foster informal learning relationships with business leaders and managers, LMS software can also be utilized to pinpoint which employees are putting in the effort to become better.
Metrics and indicators do matter when it comes to making and implementing the best learning strategies. With your learning management software, you can discover who finished the training program with the best scores or who followed instructions correctly.
Small things that are acknowledged and celebrated have a positive effect on employees. According to a 2019 article on employee engagement trends, among the many benefits of employee recognition includes improved employee engagement by up to 60% and significantly reducing turnover rate.
Top LMS companies regularly roll out new features to help measure and improve employee performance and progress. To further boost performance and engagement, you can put into practice acknowledging the small accomplishments and thanking employees for a job well done.
3. Keep Everyone in the Loop
When you are shopping for LMS software, most learning management system examples or demos will show you how an LMS is as a tool that is strictly for work-related purposes. Most business leaders and decision-makers view LMS as a platform for employee onboarding, learning, and development, which it really is. But what most organizations fail to realize is that LMS can be applied in so many ways aside from being a software to manage and facilitate learning at the workplace.
With an LMS software solution, you have a centralized content hub where employees can access and view their learning tasks, instructions, schedules, and more. You also have a platform that can function as a digital bulletin board where managers can post updates, news, leaderboards, new courses, training schedules, contests, and more.
Employees are immediately informed whenever there are new training programs or courses available. They can easily view updates and acquire general information without having to exert effort. This immediate proximity to information keeps them engaged and empowered, which is good for the entire organization.
Give Your Employees A Clear Career Path
The 2019 Employee Engagement Report by TINYpulse revealed that of 54% from over 25,000 workers responded negatively when asked if their respective employers set out a career path for them. The same study said that 44% of employees feel that there is an inadequacy of opportunities for professional growth in their current position.
Investing in LMS systems and other learning technologies is one of the crucial steps to help business organizations provide development and growth opportunities for their employees. The right LMS software also enables employers to develop learning strategies and ultimately give their employees a clear career path towards professional growth and advancement.
Employees must take responsibility for their own professional progression. That said, employers should be proactive and help their workers, particularly those at the entry-level, to recognize their strengths and passion. With LMS software, employers can provide workers the support and information they need to establish their own development goals while remaining aligned with the organization’s own goals.