If your organisation’s technology is outdated, learning and development programmes ineffective or your team unmotivated, it could be time for a much-needed investment in a new LMS. In order to implement this transformation, you’ll first need to build your business case to get the support of senior leaders. Consider the following points to deduce whether now is the right time for LMS investment.
- Will it improve user experience?
This is an easy one! Will having training programmes situated in one place improve accessibility? Yes. Will a detailed breakdown of progress measured against KPIs result in improved workplace skills? Most definitely. Ask yourself if your organisation already has a fully-optimised platform which boasts such benefits. If the answer is no, consider the other signs which suggest you could be in need of one. Perhaps employee satisfaction or staff retention rates are low.
- Will it deliver a significant ROI?
Of course all company shareholders will want to know whether a new system will deliver a significant ROI, therefore it’s a good idea to present an LMS as an essential tool to boosting revenue. This is fairly straightforward case; an LMS helps create a skilled, motivated workforce which snowballs into great customer experience. Positive feedback from staff and customers breeds interest from more customers and investors, therefore LMS ROI is practically guaranteed.
- Does it perform in your existing learning environment?
A new system must be compatible with current technology so corporate learners are able to complete their training any time, any place. A social element which allows learners to converse would also be hugely beneficial and is necessary in facilitating virtual teamwork. This would inevitably ensure a high eLearning ROI.
- Will it work with your online training delivery strategy?
Your training resources and programmes may be scattered across different online locations. A new LMS would be advantageous as all materials could be collated into the same format, in one place, again providing learners with easier access. Alternative learning methods such as webinars and offline training can also be introduced from the platform, saving money and human effort.
- Does it provide better scale for your organisation?
A decent LMS will easily adapt to a company’s expansion, as well as different languages and time zones. Such a platform can also offer training materials for seasonal employees.
- Can the new LMS help me retain my top talent?
Yes! Employees are provided with the resources for continued professional development. They are motivated as they see measured results, which only spurs them on to achieve their potential. Goals, and the means to achieve them, are tailored to each individual employee, ultimately making them feel valued and as though they are worth nurturing.
- How does an LMS stack up against traditional training methods?
Traditional in-person training requires numerous expenses including instructor fees, travel and accommodation and printed materials. An LMS could help your organisation make massive savings if this is your current situation.
The most important things to consider when deciding whether to opt for an LMS are your employees and their learning and development goals. A contemporary, adaptable system which tracks progress will keep them driven, which in turn will be reflected in their improving performance. With the right application, ROI is inevitable, so you can rest assured that your investment won’t be wasted.