Right now it seems like the Coronavirus pandemic has put a stop in our daily life. But has it really?
Human beings have always been the best at adapting, and sure everyone is staying at home now, following the safety measurements such as isolation and social distancing.
But the daily routine is still kind of the same as always. Especially businesses all around the world are using new techniques to work around this handicap and keep up the normal operation.
Nothing may compromise with business growth, and companies are seeing to that. Unique solutions are being embraced and applied throughout the world to keep up the same level of productivity as always. And among these unique fixes, corporate learning management systems stand as a tall individual with its immense possibilities.
Let’s learn a little about what LMS for corporate training really is, shall we?.
Corporate LMS: A System For Corporates, But What More Is It?
We are all familiar with learning management platforms. The purpose of these systems varies. But at the end of the day, they all serve the same goal, and that is- to maintain organization data regarding online learning and training.
This data includes training modules, instructions as well as general/specialized information about the specific business and technical policy. The use of LMS in the corporate sector is now extremely favored, owing to its efficiency in employee training.
What once used to be an in-person process has changed and become online. Yet, Corporate LMS was considered to be “just a fancy tool” for most businesses.
However, as the CEO of a company, standing in the Pandemic era, I can testify that LMS for corporate training is needed. Today it is the must-have tool for the growth of any organization. But just saying that is not going to be enough. So let me elaborate on the topic of LMS uses in the corporate sector during COVID-19 and why it is necessary for business growth.
Corporate Learning Management System: A Pandemic Necessity
Call it a Corporate training management system, or corporate LMS systems, the purpose of the system remains the same. But is it necessary for the business?
Well, I don’t know about everyone else, but the stats say yes!
According to a survey conducted by the American Society for Training and Development, companies are enjoying income as high as 218% for every well-trained employee, and a 24% boost in the profit margins.
The Coronavirus crisis has presented the corporate sector with unique challenges. With the workforce having to adjust to a work from home culture, companies are having to embrace new and modern ways of dealing with things, and LMS is one of those modern ways. In today’s world, having integrated, functional, and customized corporate learning management systems is the absolute necessity for growth, and even big players in the market would agree.
Here is a detailed look at why each and every important corporate learning management systems feature adds value to the business and becomes indispensable with time.
1. HR Department Gets An Extra Edge
There’s no doubt that this pandemic has made it hard for the HR division of any company to function normally. The HR handles data regarding employees, employee onboarding, their tasks, and responsibilities, etc. and in this scenario, having an integrated LMS for corporate training can be really helpful for the HR.
LMS for employee training with rich data tracking and management features, the HR can stay on top of how employees are functioning and provide help to the ones who are falling behind due to unique circumstances. As a division that to a large extent deals with employee data, integration of this system has definitely become the need of the hour. Not to mention, with the integration of this unique system, the employees will have less room for human error.
2. Data Security And LMS: A Surprising Corporate Twist
I think we are all aware of the security crisis every enterprise is going through during this time.
Thanks to Pandemic, employees are now forced to work from home, which means that the security calibration for business data is failing no matter what kind of company we are talking about.
In such a case, is using corporate learning management systems a good idea? When it comes to matters of business data protection, it is always better to have a custom made solution, in this case, a corporate LMS.
There are plenty of security features on e-learning platforms for companies to keep up with the rising need for security measures. Let’s look at a few select features and how they are going to make data safer.
With advanced encryption standards, LMS for corporate training can ensure that the data transmitted from one device to another is safe. Data transcription is crucial and must-have feature on any LMS. with these features hackers would not be able to access the business training modules and data.
Forgetting or mistyping passwords is everyone’s problem. Because of this, having a password authentication and resetting feature is going to be crucial. It will save the integrity of the data on the platform.
Registering From A Specific Domain:
Rather than using personal accounts, the employees will have to with their work accounts, which mostly is part of a bigger domain system safely held by the company. This makes it easier for the company to manage the security of the system, and maintain who has access to the data and who doesn’t.
3. Time For The Employees To Level Up!
We have already talked once about how beneficial it is to invest in staff training. Let’s talk about some more benefits and why corporate LMS systems are especially helpful during this pandemic scenario.
With a custom solution, organizations can design modified course modules and chapters. And during the pandemic scenario, investing in LMS is going to be even more important. While the business has slowed down, staff members can take time to get better learned so that when business picks up again, the organization can handle challenging tasks.
4. Employee Orientation Becomes Seamless with Corporate Learning Management Systems
There’s no denying the fact that staff direction happens to be one of the most important parts of hiring new people. With the right process, organizations can bring down the employee churn ratio and get the ROI earlier than many other competitions. And at a time when all our normal ways of working have been suspended, corporate LMS happens to be the only savior when it comes to staff onboarding.
With seamless course design and module arrangement, workers will be able to keep up with organization policies, updates on products, and various other information. This makes it easier for new staff members to stay on top of their orientations and increase familiarity with the organization’s information on the learning management platform.
5. Product Training Used To Be Easy, Now It Is Easier
For this point let’s consider a scenario-
Ryan has just joined a company that sells ready-made software solutions to manufacturing companies.
And he has to sell a data tracking and pattern detecting software to one of the clients. But he has one problem- he doesn’t know enough about the product to convince the client.
Ryan could’ve just contacted a superior and get the information he needs. But information like these is not easily transferable through the normal mode of contact. There are matters of data security to be concerned about. And that’s why an LMS with individual modules on individual products is necessary so that employees like Ryan can find out the information needed on the go.
And that’s where the benefits of corporate LMS systems integration comes in. With individual modules on every product the organization sells, employees can learn about product details easily on the go. And At a time when everyone is having communication problems, an LMS is going to be important to instruct employees like Ryan on new products to increase sales.
6. Reaching Out To Channel Partners Without Any Roadblocks
If big enough organizations it is natural to have partners. These partners are the retailers and selling merchants who will distribute the product in the wider market out there. Training them about the company’s selling policies, products, and development/manufacturing tidbits is an important part.
Previously this was possible by sending instructors out to the channel partner’s companies. There’s no need to mention that this is kind of impossible right now. Yet the need to grow business through partnership remains the same (if not increased).
And that’s why the development of a Corporate LMS is necessary for the companies today, to train the channel partners. Through video conferences, integrated messaging, and message boards, you can go a long way to train channel partners. Inform them about new policies and products. The online process will help the partners know more about the product to be sold in the market, and correspond with each other seamlessly.
7. Tracking the learning development of employees
Prior to the home quarantine measures, tracking staff progress was more of an in-person task. With weekly evaluations, conversations, and work progress it was easy to see how a worker is progressing with the training.
Now it is a bit harder. There’s no way of comprehensive hands-on evaluation of staff members. But rich tracking and reporting features can easily find out how an employee is progressing on the corporate training management system. Added to this an automated reporting feature will create reports of staff’s progress on a regular basis, helping management to keep up with it.
8. Cost Reduction = More Revenues
Whenever it comes to integrating new technology, clients become concerned with the entire cost. And it is indeed a thing to be concerned about because when it comes to business finances, the proverb “Cut your coat according to your cloth” becomes applicable word by word.
In comparison to third party options, having a custom LMS is going to save a lot more money as well as offer a much safer way of training partners and staff members. It is a system that you can optimize to fit the best interest of the organization and therefore help it flourish even during the pandemic.
9. Increase Employee Bonding With Social Learning
Let’s talk about something important now.
It is quite obvious that the bond among employees in any organization is of significance. It is what determines how the working environment in the office will be. This crucial part of every employee’s life is facing a roadblock today. And that’s why now a corporate LMS with strong social learning features is a necessity.
With this worker training is not going to remain some serious and boring thing price
ss it used to be. Colleagues can compete in a friendly way with quizzes and various fun activities that will enhance the social and technical skills. For a strong social environment at work, the business needs well designed corporate learning management systems.
10. Training And Efficiency Hand In Hand With Asynchronous Learning
Just like our school days, our ability (read intention) of sitting down for a set time frame. And learning is a matter of the past. And obviously, when you are at home for so long, your daily routine is now a little messed up. So in this case, it’ll be better to include an asynchronous learning feature on the corporate learning management systems.
It is convenient for employees to learn whenever they want. And also shows respect towards employee learning pace as well. This feature will allow the employees to resume where the training was paused, even on weekends. So when looking for a web design company to develop a custom LMS, don’t forget to include this feature.
The crisis everyone is facing has made it clear how the technologies thought to be ornamental are actually imperative. From video calling to LMS, all of these are now necessary requirements for the big to small corporations. And that’s why in order to stay afloat in this pandemic economy, the LMS integration might be the only way. Have more questions? Contact us and we’ll answer all of your corporate LMS questions.