We live in the information age or better known as the knowledge era. This era is also characterized by rapid advancement in the best LMS for corporate training technology. This continuous change requires us to adapt and refine our skills. So, there is a great emphasis on learning and training in these times. Knowing this, the question arises, how to streamline the whole process of learning? The answer to that is LMS.
Now the question arises…what is LMS? How do we use it? Why do we use it? How is it related to the corporate sector? What is the best LMS for corporate training? Here is a complete guide.
LMS is an all-in-one learning management system. It is a one-stop central platform to achieve learning and training objectives more efficiently and seamlessly. It can be used in an academic setting as well as the corporate sector. It can store and create learning materials, track the users' progress, and much more.
What Is an LMS in Corporate Training?
The best LMS for corporate training is a digital platform that acts as a complete solution for corporations in terms of the training and development of employees. It provides more interactive and engaging methods. The best LMS for corporate training allows managers to implement and manage corporate training programs more efficiently. It includes training modules, skill development, and other learning materials. The best LMS for corporate training allows you to store, share and disseminate all the material from one single place.
The best LMS for corporate training also has built-in tracking features, which enable the managers to record and monitor the employees’ progress. It provides insights as well on well the lessons and training were received. It is also helpful to have when employees work remotely or in flexible timings as the best LMS for corporate training allows access to the material at any given time.
The best LMS for corporate training essentially acts as an eLearning. It enables corporations to organize, track and manage all their training efforts, whether the end beneficiaries are the employees or the customers.
Another critical aspect of the best LMS for corporate training is that it can be used to teach the customers about the company's products and how to use them.
LMS for Corporate Training Vs. Schools
Whether we are looking at the best LMS for schools or the best LMS for corporate training, the primary purpose is the same, which is to enable their users to store, organize and manage content and learning material and make it accessible for the end users who are going to be consuming the knowledge. The best LMS for corporate training and schools aims to make the whole process of teaching and learning seamlessly. The best LMS for corporate training in the corporate sector might be used to teach more practically.
Compared to the academic LMS, the best LMS for corporate training needs to be more scalable and adaptable due to the ever-changing dynamics of the business world. While in the educational sector, performance is measured according to the grading system, the best LMS for corporate training can allow the performance to be measured against certificate completions. The best LMS for corporate training has to consider the organizational structure.
Best LMS for Corporate Training: Features & Benefits
Below are the key features of the best LMS for corporate training software.
The best LMS for corporate training software allows content creation and embedding content from third-party sources. Some will enable you to create your content elsewhere and import it into the system. All the materials and resources are stored in a central database. The best LMS for corporate training also uses AI technology to help managers and administrators create better content.
Besides the benefit of the best LMS for corporate training mentioned earlier, the best LMS for corporate training can use AI to identify and predict potential learning gaps.
It allows the managers to track and monitor the performance of the employees. The best LMS for corporate training helps the trainer identify low scorers and gaps in employee performance and engagement and find the top talent. This can even help the managers give more accurate feedback to the trainees.
The best LMS for corporate training allows for integration with other systems used in the company.
The best LMS for corporate training also has an e-commerce feature that enables the organization to sell its courses online to other businesses. This not only increases their profit but also helps them find potential employees who may be looking at this same course.
Some of the best LMS for corporate training software also allows the trainees’ to give feedback on the training programs.
The best LMS for corporate training also allows the company to personalize the platform according to its own identity. It can also reinforce the company’s value in the employees.
Learning about the features of the best LMS for corporate training leads us to the next question, i.e., how do we benefit from it?
The gamification elements incentivize the whole process for the employees through reward points and rankings etc.
A few benefits of the best LMS for corporate training are discussed here.
- Streamlines the whole process.
- Reduces cost and time.
- Reduces employee turnover.
- Increase revenue stream.
- It makes compliance training easier.
- Encourages collaborative learning.
- Offers more flexibility.
These benefits of the best LMS for corporate training mentioned here show how useful of a tool it can be for a company.
What LMS Do Most Companies Use for Corporate Training?
Choosing the best LMS for corporate training is difficult since so many alternatives exist. These are some of the best LMS for corporate training that most companies use:
- Absorb LMS maintaining the highest compliance standards in data privacy, is commonly used.
- Talent LMS is also another one of the best LMS for corporate training software with its easy-to-manage and customizable features.
- SAP Litmos, one of the best LMS for corporate training, is a platform with a training course catalog that makes the process easier.
- Matrix LMS has an easy-to-use interface and doesn’t require much prior technical knowledge to create content; it also has AI technology and e-commerce features and is mobile–friendly.
Compare the best LMS for corporate training using our LMS guide.