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Top 5 Benefits of LMS for Your Business cover image

Did you know that back in 2017, 77% of the US companies already used e-learning, and 72% believed that it put them at a competitive advantage? The pandemic only accelerated these trends. Nowadays, 77% of students feel that the learning management system (or LMS) has positively impacted their productivity, satisfaction, and teaching during COVID-19. The learners even claim that their online experience is the same or better than the traditional face-to-face classes. The tendencies are clear — it is estimated that the global LMS market size will grow from $13.4 billion in 2020 to $25.7 billion by 2025.

Even if the numbers speak for themselves, you may still ask — why you personally should adopt LMS? Moreover, what are the exact perks of it for your business? And that’s fair enough. We’re here to address all your doubts and answer your questions! So let’s find out what are the top five benefits of LMS for your company right away!

5 reasons to use LMS for your organization

Boost employee productivity & performance

Training your staff is always a win-win situation — your employees are happy for getting a chance to upskill and become the best version of themselves. This, in turn, increases their productivity and, as a consequence, business success. People also tend to be more loyal to those employers that appreciate them and help them grow professionally. It has never been easier to equip your team with knowledge than by using LMS. Since it offers a wide variety of assets and features, you can now create engaging and enjoyable content, communicate with the students directly through the platform and use gamification to reward your employees as they progress. Sounds like a plan, doesn’t it?

Reduce training costs

Effective use of resources (which sometimes means cutting the expenses to save money) is crucial for any business — it brings more stability and peace of mind. Did you know that LMS can help you do that without sacrificing the quality or accessibility of training? How? Well, we all know the hassle that the live training sessions create — finding the right instructors, taking care of scheduling, arranging traveling and location, bringing everyone together, the list goes on... In the case of LMS, however, you can cut all the costs needed for the on-site training by developing and delivering your courses exclusively online. You won’t need to exhaust yourself by organizing things and figuring out the logistics anymore — meaning, you’ll save both your precious money and time. What could be better than that? P.S. If you’re wondering where to start with your online training, here are some tips that we prepared for you!

Improve flexibility & accessibility

Everyone likes mobility when it comes to work and work-related training. We would even go further with this one — we all got used to it during the pandemic, and it’s not just for the privileged anymore. The lack of flexibility can discourage people from participating and succeeding in the corporate training, and entrepreneurs should think of new and convenient ways to engage their staff. LMS makes sure that employees don’t have to stress over their training anymore — they can access their courses anytime and anywhere from their preferred device. They can also be in control of the training by setting their own individual pace. Those features are not only highly valued but almost essential in today’s workplace, so take advantage of them now!

Assess & track the team’s progress

Right, nobody wants to be stalked by the employer, but tracking your staff and evaluating their knowledge is critical when it comes to workplace training (in the end, you do want to make sure your employees learn new skills and be able to help them when they’re stuck!). LMS provides you with various tools to measure your team’s progress, engagement, and performance. For instance, you can test their skills through quizzes and exams, check the participation rates and interaction with the content on LMS reports, see how much time your team members spend on each unit, and so on. This way, you will know what kind of struggles your employees have and make certain adjustments to improve their learning experience. If you want to help your employees, you do need to know how they’re doing, and that’s where LMS will serve you well!

Build a centralized knowledge base

Would you like to have all your content in one place and not scattered across multiple platforms? Well, LMS is the tool you can count on! You may upload and store all types of materials there and thus create comprehensive and cohesive training programs. In addition, if you accumulate a significant amount of courses over time and keep it in one centralized location, you will not lose or misplace them. Having a consolidated knowledge base will allow you to manage your content as well as add new material and update or repurpose the old one. LMS makes it easier for your team, too — since there’s only one platform, they can access it and continue their training without a fuss. So if you want your training to be efficient and user-friendly, LMS is the best option out there!

How to choose the right LMS platform?

The advantages of a learning management system for employee training are evident. Whether you would like to increase your team’s efficiency, reduce training costs or create an internal knowledge base, the cutting-edge technology of LMS is precisely what you need. If you’ve come this far and we still have your attention, our guess is that you’re actually interested in adopting LMS for your business. However, the headache you may have is the following: how to choose the right LMS platform? As always, we’ve got your back!

Here’s our offer: a state-of-art learning management system for modern companies called BitDegree Studio. By signing up for it, you will get the whole package:

  • Convenient course & test builders
  • Assessment management tools
  • Student analytics
  • Learning paths
  • Easy-to-manage training plans
  • Admin roles for shared responsibility
  • Mini-company pages for effortless navigation
  • Off-the-shelf content
  • Insights of the latest research
  • Multi-language support
  • LMS with LXP-like flexibility

That’s quite a list, isn’t it? What’s more, you can try it for free now! Yes, that’s correct — you can get a free 14-day trial at BitDegree Studio today and see if it works for you. We cannot wait to see you soon and help you make your dreams come true!

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Written By

Miglė Stasiulionytė