The average non-IT employee isn’t aware that the LMS market was worth $4,396 million in 2016.¹ Such individuals may not even be sure of what ‘LMS’ means. If this describes you, you have nothing to feel self-conscious about. After all, this acronym is used often in the workplace yet seldom defined by company leaders. What precisely does LMS stand for and how can one benefit you and the company you work for?
What Does ‘LMS’ Stand For?
When someone refers to an ‘LMS’, he or she is referring to a learning management system. Here is the term broken down:
The Chief Purpose of an LMS: Promote Effective Training
A learning management system can do many things, but it is primarily designed to train people, whether they are an organization’s employees, volunteers, or members.
A lot of LMSs have built-in tools that allow company leaders to easily develop and deliver online courses, as well as to craft effective training/L&D programs for employee learners. Training is critical to the overall success of a company, increasing employee value, reducing turnover, and enhancing operational efficiency.² Savvy organizational decision makers have collectively invested millions of dollars into learning management systems and, as a result, experience good results in the training arena.
What ‘LMS’ Means for an Organization
Technically, ‘LMS’ means ‘learning management system’. Figuratively, ‘LMS’ can also mean the following for companies that implement a learning management system:
“An LMS is a great tool for increasing employee engagement. It does this by making training more fun via simulations and games. A learning management system has many social features (real-time chat, video conferencing, etc.) that promote engaging, informal learning. Also, it increases human interaction in the workplace.” -- What Does ‘LMS’ Mean for Your Company?
How to Convince Company Leaders to Invest in an LMS
Is your company receiving the benefits that only come from utilizing a quality LMS? If not, encourage company decision makers to invest in a flat-fee corporate LMS. Their first step should be requesting a free demo of the LMS TOPYX®.
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