In recent years, e-learning has become extremely popular across the globe. From educational institutes to multinationals, learning management systems for e-training have allowed enterprises and individuals to create, deliver, and manage training effectively.
On the back of this increased use of learning management systems (LMS), the global LMS software industry is clocking in at $15 billion in revenue for 2022. The industry is soon expected to rack in $40 billion as more organizations move to e-training platforms.
But despite the fast-paced adoption of online learning management systems, not all organizations have benefited from LMS’s vast applications. In this blog today, we’ll discuss the seven most common applications of learning management systems in workplaces and tell you the benefits of doing so.
What is a Learning Management System?
A learning management system (LMS) is an online, often cloud-based platform that allows individuals and organizations to conduct training. From creating training content to delivering it to participants and then tracking their performance, an LMS is an all-encompassing tool that improves the efficiency of training.
Types of Learning Management Systems
There are three main types of learning management systems available in the market today:
- Enterprise LMS: Meant for large-scale organizations that seek to train their employees, partners, and customers.
- Individual LMS: Entrepreneurs and SMEs that seek to train their partners and customers.
- Integrated LMS: A cloud-based holistic e-training solution that helps businesses of all sizes benefit from an integrated system of learning.
Seven Applications of LMS Systems
From manufacturing to e-commerce and education, almost all sectors have adopted LMS tools in recent years to facilitate the learning of their stakeholders. Here are some ways businesses use learning management systems in workplaces.
Employee Training
Employee training is presumably the most common use of an LMS system. Companies use learning management tools to upskill their employees, offer them relevant industry material, and track their progress in response to the training.
Customer Training
Another way to use an LMS is to use it to train your customers. Businesses that wish to educate their customers about their product or service and establish how-to guides use LMS systems. By amalgamating learning management systems with e-commerce platforms, online businesses can conveniently interact with their customers.
Partner Training
Much like the customers, partners are also an integral part of a successful enterprise. Businesses use learning management systems in workplaces to train their partners and create a flow of information.
Employee Onboarding Training
Every time a new employee is hired, it becomes essential to train them about the company’s culture, SOPs, and the technological tools in place. By using learning management systems for employee training, organizations can quickly help new hires come on board and learn about the organization effectively.
Compliance Training
Some industries, such as legal, healthcare, and non-profit, have a wide range of compliances to adhere to. By using LMS for compliance training, businesses can ensure that all their employees are up-to-date with the latest compliance regulations and that the organization’s practices are in accordance.
Sales Training
Want to boost your business’s revenue by facilitating your sales team? Move to a learning management system right away! LMS for the sales team can offer constant support and training to the sales team, help them gain industry insights, and facilitate them in yielding better results.
Educational Training
In addition to learning management systems for businesses, there are also LMS tools that can help in educational training. While in most cases, LMS in education is meant for students’ e-learning, it can also help teachers. Educational institutes that wish to upskill their teaching staff can use LMS to help them better adapt to the modern educational dynamics and improve teaching methods.
Why Do Businesses Use LMS? Four Benefits to Know
If you’re unsure why your workplace needs to invest in learning management systems, then here are four benefits to know:
- Cost-Effective: Contrary to traditional training methods, LMS online courses help businesses save money.
- Streamlined and Cohesive Training: Training coaches can make sure that the training is consistent for every participant in a session.
- Improved Collaboration and Accessibility: LMS tools are accessible from anywhere and on any device. This gives a boost to collaboration and accessibility.
- Self-Paced Learning: 58 percent of professionals prefer to learn at their own pace. An LMS is a perfect way to cater to this demand of employees.
Upskill Your Employees with the Next-Gen LMS!
If your business is keen to upskill its employees, implement faster onboarding, and communicate effectively with partners and customers, it’s time to move to an online learning management system.
You can also get in touch with Atrixware to get your hands on Axis LMS. The learning management system is a great LMS for compliance training, and is used across a wide range of industries such as manufacturing, construction, and law firms.
