An LMS, or Learning Management System, is a collaborative platform used by professionals to create, manage, and deliver learning and development materials. With the eLearning market expected to reach $275.10 billion in 2022 (1), the LMS is becoming an integral part of how organizations create and implement their training and educational processes across all verticals.
Every employee can benefit from an LMS - from those learning basic company policies at the entry level to senior executives looking to ensure their knowledge is as up-to-date as possible. The ultimate goal in implementing an LMS is to simplify and streamline internal educational procedures and provide convenience to both administrators and students. The powerful software and user-friendly interface provides organizations with the infrastructure necessary to streamline eLearning.
LMS software most frequently consists of two parts:
- Server- performs the core functionalities of creating and managing courses.
- User interface - used by students and administrators to access content.
For administrators and company leaders, an LMS simplifies the distribution process and enables managers to generate and track training content in a centralized and secure location. For students using eLearning, the online space is always accessible and users can view assignments, test knowledge and track progress with online assessments.
Who uses an LMS?
- Business & companies - Used by companies to improve reporting, implement enterprise-wide training & development, and maintain & organize records.
- Nonprofits & associations - An LMS helps nonprofits leverage technology to train large numbers of volunteers and run their organization on a fixed budget.
- Healthcare facilities - The solution simplifies compliance management for the healthcare sector and enables the sharing of information seamlessly.
- Government agencies - Prevents governments from wasting critical budget funds and helps to share information to support efforts across various groups.
- Educational institutions - Universities and schools can reach new audiences through online courses to deliver consistent results.
What can you use an LMS for?
Employee training - Effectively communicating information to employees and providing them with adequate training resources is an effective strategy of any successful organization. An LMS eliminates the need for outsourcing training needs and enables administrators to create content and track progress in-house. This ultimately saves organizations money, time and stress and most importantly provides convenience. An LMS gives employees the ability to improve and advance themselves professionally, all within a flexible online training program that they can manage at their own pace.
Employee onboarding - Aligning a new hire to understand procedures and company goals in a timely manner can be problematic if a business is unorganized. With an LMS, new employees can gain the knowledge and resources necessary to succeed at their new role. Educational content can encompass material from the company mission statement to job responsibilities and employee guidelines.
An LMS is an online platform designed for training. It lets people craft, distribute, track, or take part in training. These enable the software to meet a huge variety of administrator AND learner needs.
As to be expected, all LMS’ are not created equal. With a large number of eLearning users coming from the corporate sector, below is a sample of features for a high quality corporate LMS. Many of these benefits are also available across all verticals:
- Mobile learning - Administrators can create and distribute training content online and students can access via desktop or on a smartphone, tablet, laptop or mobile device.
- Language localization - The language localization feature breaks down language barriers as administrators and students can access an LMS in their native language.
- eLearning content - Unique LMS features include the ability to help administrators and employers craft excellent content, regardless of experience. Some learning management systems even come with a content library feature, making the process of generating courses seamless.