How LMS systems for business can solve workplace challenges

You may have heard of a learning management system (LMS). And that it helps simplify the management, delivery, and tracking of educational programs. But did you know an LMS system for business can do much more than that? 

How a business LMS can help your organization

Organizations today are becoming increasingly decentralized and geographically dispersed. More and more, companies are having a difficult time ensuring their workers are properly trained, engaged, and in it with them for the long haul.

Failure to address these issues can result in decreased productivity, legal troubles, high turnover rates, and stagnant growth. Here’s how a business LMS can help solve these workplace challenges.

Employee onboarding and ongoing training

One of the biggest challenges organizations face is equipping their employees with the skills and knowledge they need to thrive in their roles. And many businesses may not realize it but they often fall short starting on day one.

Strong onboarding processes are a crucial component of an employee's success as well as their job satisfaction. One study revealed that 69% of employees will stick with a company for three or more years if it has a great onboarding experience.

Ongoing training is also incredibly important to the long-term success and happiness of an employee. Studies show that companies with ongoing training boost employee productivity by over 70%!

LMS platforms allow businesses to design, organize, and deliver courses, making it easy to provide structured training programs. Businesses can use this platform to create strong, streamlined onboarding processes, providing new employees with the knowledge and skills they need to excel from day one.

Moreover, an LMS for business can enable ongoing learning, delivering training that continuously improves employee skills. As industries evolve, so do the skills required to remain competitive in them. Ongoing training ensures that employees stay up-to-date with the latest best practices, technologies, and industry trends.

When using an LMS for business, organizations can also keep their organization agile and adaptable. Companies often undergo changes such as the introduction of new software, processes, or products. Ongoing training allows employees to adapt to these changes quickly, smoothly, and efficiently.

Knowledge sharing and collaboration

Collaboration among employees and efficient information sharing are crucial for innovation and problem-solving within an organization. But this is becoming increasingly challenging in the workplace today.

Remote employees often get isolated from organizations, making information sharing and collaboration difficult. And even traditional environments are having a tough time engaging employees, where finding time to connect with fellow colleagues requires more planning and structure.

One of the key strengths of a business LMS is its role in creating a centralized knowledge repository and meeting point for connection. It serves as a secure and accessible hub where employees can contribute, access, and distribute valuable information. This, in turn, cultivates a culture of knowledge-sharing within the organization.

With discussion forums, LMS platforms enable employees to exchange insights, best practices, and expertise – without needing structured times. These collaborative tools empower employees to seek answers, provide solutions, and collectively build an extensive repository of institutional knowledge that can add value to an organization today and in the future.

LMS platforms also often include collaborative learning features for hosting virtual classrooms, webinars, and live events. These tools enable real-time interaction among employees, even if they are geographically dispersed. Employees can attend live training sessions, participate in discussions, and engage with instructors and colleagues.

Real-time learning through web-conferencing and breakout rooms allows employees, who otherwise wouldn’t have the opportunity, to connect with others. From these organic sessions, employees may come up with innovative ideas and continue to collaborate beyond the immediate session, having far-reaching positive impacts on a business.

Many organizations who suffer from siloing feel helpless in trying to connect their organization more. An LMS for business provides a space for effortless collaboration that gets employees interacting with one another and other departments – all without the cost of in-person sessions.

Compliance and regulatory issues

Staying compliant with changing regulations is a constant struggle for many businesses. Regulations can change frequently and suddenly. And even large corporations may lack the resources to keep up with shifting and even annual requirements, especially when dealing with hundreds of thousands of employees or global operations.

LMS systems for business centralizes compliance training, making it easy to keep track of individual employees within large workforces. With built-in tracking mechanisms, LMS systems provide real-time insights into employee progress and completion rates.

Administrators can use this information to ensure learners complete the required courses. But they may not even have to do that. Certain business LMSs, can also send automatic notifications to employees about upcoming compliance training deadlines or expiring certifications. Or it can even automatically enroll them in recertification courses, making compliance even easier.

Another great benefit of using a business LMS is that it automatically keeps meticulous records of all training activities, which is invaluable in case of audits or legal issues.

Essentially, a business LMS provides instructors with a proactive approach to ensuring compliance requirements are met in a timely manner and reduces the risk of violations. It also greatly reduces the burden on administrators by drastically reducing manual efforts and the time and money associated with these tasks.

Employee development and retention

High turnover rates and disengaged employees are a problem for most organizations, which can hinder productivity and business growth. Fortunately, an LMS for business is one of the best ways organizations can boost employee retention and productivity.

A recent study revealed that 80% of new hires who feel undertrained plan to quit their jobs soon. A business LMS allows employers to provide tailored training that helps employees acquire and maintain the skills required to perform in their roles.

By clearly defining expectations and boosting weak areas, employees feel competent and confident in their jobs. And studies have shown that they’re more likely to be engaged and productive while in their position.

And this is even more true when employers provide professional development opportunities. According to a LinkedIn study, 93% of employees say they would stay at a company longer if it invested in their careers.

A business LMS provides an easy way for employers to offer on-demand career development and upskilling courses to their entire workforce. Not only that but admins can leverage tailored learning paths to upskill specific employees for leadership positions.

And some business LMSs may even be able to analyze employee data and performance and recommend personalized career progression paths.

When employees see a clear connection between their training and future career progression, they are more likely to stay motivated and committed to their jobs. And when they feel supported in their professional growth, employees are less likely to seek opportunities elsewhere.

How to find the best LMS for business

Finding the best LMS for business will largely depend on your needs as an organization. If your organization is siloed you’ll want to look for an LMS with robust social learning tools. And if you’re struggling with retention look for one that has tailored learning paths and built-in career development courses.

Maybe you’re having a hard time keeping up with compliance requirements. Then, an LMS equipped with robust data tracking and reporting would be right for you. Or perhaps you need help in all of these areas.

A business LMS can be your key to easily solving these challenges and more. But you need to make sure it’s the right one for your organization. Check out our guide on how to find the right LMS company for you and help narrow down your choices.

Tovuti is a best-rated LMS for companies

Tovuti is one of the best LMS systems for business that reduces the need for third-party platforms – and your tech stack – by consolidating features into one easy-to-use platform. By leveraging Tovuti LMS, you alleviate administrative burden and make learning fun and easy for users.

With Tovuti, administrators can easily create engaging courses, automate their training program, track their efforts to make effective business decisions, provide tailored learning experiences, and more.

And with the most robust gamified and interactive features on the market, including over 40 plug-and-play gamified features, leaderboards, and virtual classrooms, learners are sure to retain more information and have fun doing it!