The average non-IT employee isn’t aware that the LMS market was worth $4,396 million in 2016.¹ Such individuals may not even be sure of what ‘LMS’ means. If this describes you, you have nothing to feel self-conscious about. After all, this acronym is used often in the workplace yet seldom defined by company leaders. What precisely does LMS stand for and how can one benefit you and the company you work for?
What Does ‘LMS’ Stand For?
When someone refers to an ‘LMS’, he or she is referring to a learning management system. Here is the term broken down:
- Learning -- An LMS delivers online courses/training to an organization’s employees, members, and volunteers. Since online courses can be accessed 24/7 via mobile device, learning offered through an LMS is as convenient as it gets.
- Management -- An LMS helps company leaders manage training by enabling easy delivery of online learning. A learning management system also maintains detailed reports of a learner’s training history and helps administrators keep track of it.
- System -- In this context, ‘system’ means ‘software’. ‘Learning management system’ may sound like something confusing or intricate, but it is simply a computer program. This type of computer program is used commonly by businesses, nonprofits, corporations, healthcare facilities, government organizations, and companies across all industries to deliver, track, and report on training.
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The Chief Purpose of an LMS: Promote Effective Training
A learning management system can do many things, but it is primarily designed to train people, whether they are an organization’s employees, volunteers, or members.
A lot of LMSs have built-in tools that allow company leaders to easily develop and deliver online courses, as well as to craft effective training/L&D programs for employee learners. Training is critical to the overall success of a company, increasing employee value, reducing turnover, and enhancing operational efficiency.² Savvy organizational decision makers have collectively invested millions of dollars into learning management systems and, as a result, experience good results in the training arena.
What ‘LMS’ Means for an Organization
Technically, ‘LMS’ means ‘learning management system’. Figuratively, ‘LMS’ can also mean the following for companies that implement a learning management system:
- Increased revenue
- Faster compliance training
- Improved employee performance
- Reduced costs associated with training
- Also, ‘LMS’ often means better employee engagement.
“An LMS is a great tool for increasing employee engagement. It does this by making training more fun via simulations and games. A learning management system has many social features (real-time chat, video conferencing, etc.) that promote engaging, informal learning. Also, it increases human interaction in the workplace.” -- What Does ‘LMS’ Mean for Your Company?
How to Convince Company Leaders to Invest in an LMS
Is your company receiving the benefits that only come from utilizing a quality LMS? If not, encourage company decision makers to invest in a flat-fee corporate LMS. Their first step should be requesting a free demo of the LMS TOPYX®.
References:
- Allied Market Research. Learning management system market by deployment. https://www.alliedmarketresearch.com/learning-management-systems-market.
- eLearning Industry. 5 reasons why you need to invest in employee training. https://elearningindustry.com/5-reasons-need-invest-employee-training.
