2020 has been a turbulent year filled with unprecedented challenges. Whether or not your particular industry has been fundamentally disrupted, the greater economic landscape has undergone dramatic shifts that will have deep ripple effects that will last for years.
Organizations must be agile and responsive to ever-changing conditions if they wish to weather the long-term storm and remain competitive through the upcoming decade.
Continuous workplace training and systems for enhanced collaboration are becoming increasingly essential for organizations that wish to use this opportunity to strengthen their competitive advantages and emerge as leaders in their industries.
Here are 15 reasons why implementing an LMS (Learning Management Solution) is one of the best investments that your organization can make in 2020.
1. Keep pace with rapid changes through fresh and relevant content
2020 has been the year of change. Industries are shifting at a fast rate that is constantly accelerating. The most agile businesses that can adjust to changing trends and quickly deploy new processes, at scale, to address these new conditions, will be the new market leaders.
A strong LMS allows organizations to quickly deploy fresh content at the touch of a button. Employees receive relevant and up-to-date content and training related to their specific role as well as information that impacts the wider organization or industry as a whole.
Individuals are automatically notified when there is new content, which should be engaging and interactive to maximize learning and retention in the shortest amount of time.
2. Increase productivity (and profitability)
Well-trained employees are productive employees. By learning new skills, team members can take on bigger challenges and provide more value through their roles.
Retraining employees on established skills helps them stay sharp and reduce mistakes that cost time and money.
A high-quality LMS engages employees through rich content as well as tools for enhanced communication and collaboration, leading them to feel a greater sense of empowerment, leading to a virtuous cycle of increased motivation and productivity.
More productive employees mean more profitability for your organization.
3. Recruit and retain talented employees – Reduce employee churn.
In 2020, top-tier talent has a greater choice of a career path than ever before. Competitor organizations will compete to capture these top performer’s expertise, experience, and work ethic.
Your company must earn and continuously fight for the loyalty of your employees, by keeping them actively engaged and supporting their growth as individuals.
By committing to a culture of growth and implementing a robust LMS learning ecosystem, you can give employees an upward career path as they acquire new skills and prove their ability to rise among your company ranks.
Engaged employees are less likely to leave an organization, and will also become your greatest advocates, spreading the word about your culture to help attract more top-tier talent.
4. Communicate more effectively
Communication at scale is often difficult in large organizations. Organization-wide emails are often overlooked by employees or otherwise lost ‘in the mix’ due to poor targeting and irrelevance to the recipient.
A good LMS will give you the tools to segment your organization by department, role, history, and other specific data points that allow you to speak directly to the needs of those targeted groups at scale while maintaining relevance in your message.
Analytics will help track engagement on company-wide communication, allowing for optimized messaging that creates the greatest impact.
5. Collaborate between departments
A complete LMS such as dialogEDU should provide a host of social and community-building tools such as discussion forums, and other tools for social learning.
Using the content or training material as a foundation, users organically begin to engage in meaningful and productive discussions. This helps each department ‘think outside the box’ of their specific function, and leads to more cross-collaboration and stronger relationships across the organization.
More collaboration leads to higher productivity, greater innovation, and a better corporate culture.
6. Offer remote accessibility
A good LMS should be accessible anywhere, at any time, from any device.
In 2020 remote work has taken center stage, and organizations are reconsidering old paradigms about physical space and its necessity for productive work.
The LMS platform for training and collaboration allows your organization to maintain consistent standards for all employees, whether they’re working from their home, or from across the globe.
Communication tools help to keep everyone in-sync, analytics and assessments ensure that teams are staying productive without the physical structure of an office environment.
7. Save time and money onboarding and training new employees
Once a training path has been set up in the LMS, it can be redeployed endlessly, minimizing the human capital and human error associated with onboarding a new employee.
The highly-interactive format of content hosted on an LMS solution such as dialogEDU allows for an efficient transfer of information with long-term retention. Assessments make sure the information is properly absorbed and that each new employee is confident and competent in their new role.
8. Ensure consistent standards and values
Training is not limited to ‘hard skills’ or specific job-function knowledge, but can also be applied to less tangible, but just as critical, corporate culture and standards.
By rolling out content and training materials that reinforce your values and mission as an organization, you can use effectively and consistently convey these messages and ensure employees absorb and embody these values through their daily conduct.
9. Measure employee performance through analytics
Through the LMS, you can set up periodic assessments to gain clarity about where your team is most competent and which areas need more attention and training.
Employees who are meeting and exceeding standards should be recognized and rewarded to keep them engaged and motivated to continue producing their best work.
Others who need more help and attention can be identified and supported through customized learning plans that address their needs and skill gaps.
An LMS and a strong culture of continuous training will help bring out their full untapped potential or these previously underutilized human resources.
10. Personalize training to address employee strengths and weaknesses
An LMS should track the completion of content and training material, and allow for the creation of future learning paths based on completion and understanding of this material.
By using multimedia resources, ‘blended learning’ (through video, text, audio, etc.) can suit a variety of learning styles that differ from one individual to the next. Some employees are best at absorbing and retaining information in certain formats, and a robust workplace training program should be built on a platform that addresses these specialized needs.
11. Measure ROI of your training initiatives
Through detailed analytics, organization leaders can measure the overall reduction in training costs, human error, compliance penalties, and employee churn, as well as the increased productivity that comes from employees with better training.
A robust LMS system should have the backend analytics to help measure the cost savings as well as the increased ROI that are a direct result of implementing the solution.
12. Keep on top of compliance, minimize risk and avoid costly penalties
Many organizations are expected to provide mandatory training to their employees to stay compliant with various regulatory standards.
An LMS records every action an employee takes through their training journey. Not only can supervisors maintain real-time visibility on their team’s compliance, but the system can also output a full log of completed training that can be submitted directly to the regulatory agency.
13. Enhance virtual meetings and conferences
The same learning ecosystem, built on robust tools for content, collaboration, and analytics, can be used to enhance virtual conferencing platforms such as Zoom, Google Meet, and Microsoft Teams.
Virtual meetings and conferences take on a new life and offer greater value to attendees when supplemented by the LMS’ powerful content delivery and communication features.
These synchronous meetings and presentations can also be archived in the learning repository, to be used as asynchronous training assets for self-paced learning at a later date.
14. Create one centralized knowledge hub to retain knowledge
A good LMS will provide the building blocks to systematize the sharing of knowledge as well as the repository to archive that knowledge for future use.
By pooling the combined knowledge and experience of your top employees, you can create a centralized hub within the LMS to effectively keep this expertise alive in the active members of your organization.
This one centralized hub will eliminate hours of redundancy in training and will continue to grow and be optimized to provide the most effective and consistent learning experience for all users.
15. Monetize your training material through licensing
An LMS should allow for the use of 3rd party content as well as the creation of original content, through simple tools that require no coding knowledge or previous course-creation experience.
If the ‘learning objects’ that you create to train your own team does not contain proprietary information and would be useful to other organizations, you can license these intellectual assets to create additional revenue streams.
Not all LMS solutions are created equal
It’s important to choose an LMS that has a proven record of success and can meet the demands and fit into the infrastructure of your organization.
dialogEDU is transforming the way educational institutions, healthcare systems, and global corporations share information and collaborate with their staff, patients, and clients. It is an intuitive all-in-one solution for telemedicine, online learning, virtual meetings, and conferences, providing maximum reach and engagement.
Utilizing the power of cloud-based infrastructure, dialogEDU is highly flexible, scalable, and secure. As a global and multilingual service, support is always available 24/7, 365 days a year from anywhere in the world.
dialogEDU offers an effective solution to re-engage and motivate members of an organization, allowing for targeted and personalized content that supports employees in the areas where they need it the most.
Learning is reinforced by community engagement, in digital forums, which help build interpersonal relationships and a healthy corporate culture. Digital portfolios highlight and recognize members’ achievements, which fosters an environment of excellence, ultimately adding to an organization’s bottom line.
dialogEDU seamlessly integrates with teleconferencing products for synchronous and asynchronous communication, to provide a mix of real-time and self-paced learning. It has never been easier to keep a large organization up-to-date and prepared to face the challenges of today’s ever-changing market landscape than it is now with the tools created by dialogEDU.