Fremont, CA: Companies that deliver corporate training enjoy a 218 percent higher income per employee and a 24 percent higher profit margin than those that don't. If done correctly, investing in employee training and development is a profitable business decision.
However, having coaches travel to your affiliates and conduct instructor-led sessions after work can be overwhelming for a business. Fortunately, corporate learning is changing rapidly. Mobile devices, opportunities to work remotely, and the internet have eliminated the physical barriers to training. Another way to make learning convenient is by using a corporate learning management system (LMS). However, corporate LMS software goes far beyond that.
Here's what a corporate learning management system is and how it can help your business.
How does Corporate LMS work?
A corporate LMS allows you to provide online training to your employees. Corporate LMS helps onboard new employees, equips them with the skills and knowledge they need to perform their roles, and ultimately helps them advance faster in their careers.
Listed below are different types of corporate LMS. Let’s have a look.
License-free LMSs - Ideal for non-profit use. Thanks to open code, these can be customized according to the user's requirements. This demands you to have an IT technician and spend money on the server and hosting architecture maintenance.
Commercial LMSs - Proprietary software that requires a license fee. It is created and managed by LMS vendors who provide tech support and manage the operation of the LMS. An LMS can be installed on-premises or offered as a cloud-based SaaS solution.
Locally hosted LMSs - Software that you host and maintain on your own servers. It requires high setup fees and a specific license term. Your IT team is in charge of the operation and security of this.
Cloud-based LMS - Hosted on the web by vendors, accessible everywhere on any device. It doesn't require extensive IT infrastructure or a strong background in IT. LMS vendors provide access to this service, maintain the system, and protect your data with encryption protocols.
Features of a Corporate LMS
Generally, any LMS will meet three requirements: manage users, manage courses, and assess progress.
LMS features include:
User management. You can add and remove users, organize them into groups and departments, and assign them roles.
Course management. Course materials can be uploaded, managed, and delivered to learners.
Progress tracking. The performance of a particular learner or group of learners can be assessed in a timely manner.
