What exactly is a Cloud LMS and how can it benefit your small business? In this article we explain what it is and we answer that burning question.
It’s a fact that employee training is perhaps the most commonly overlooked function of a business, especially in the case of smaller businesses. However, as technology becomes more accessible, even smaller businesses are expected to treat their employees with quality learning and development opportunities.
In fact, in a survey, 26% of American workers confessed to quitting a job because the onboarding and training process of their new employer was not satisfactory. With that said, providing a high quality training experience remains a challenge for most businesses, regardless of their size. Add to that the budget constraints of a small business, the challenge becomes even more overwhelming.
Thankfully, with the right tools, small businesses can overcome this challenge effectively. This doesn’t just mean it is now easier to find an affordable way to provide training to employees, it also means that with the right use of technologies such as a cloud LMS, small businesses can actually drive a positive ROI from their investment in an employee training initiative.
Yet, investing in a tool that you don’t know much about can be an unwise decision. In order to address this knowledge gap, we will discuss the benefits of a cloud LMS in this article. Before we get to that, here’s a brief explanation of what a cloud LMS is…
What Is A Cloud LMS
A cloud LMS or learning management system is a cloud based platform that is used to publish, manage, and share training content. It allows organisations and learning administrators to administer training and track learner progress.
Businesses all over the world are using LMS to create a better skilled workforce to support their businesses. Here are a few of the benefits such businesses are enjoying:
Benefits Of Cloud LMS For Small Businesses
1. Lower Training Costs
Traditionally, employee training was considered to be an undertaking that only large businesses with seemingly endless budgets could afford. Elearning tools like cloud LMS have changed this.
With a cloud LMS, businesses are presented with a plug and play solution for their training needs. The need for investing in dedicated infrastructure for training has been eliminated altogether.
2. Improved Accessibility Of Training Material
Since all the training material is stored and shared on the cloud, it becomes much easier to access for your employees. They can take the training from anywhere in the world, which is especially convenient in today’s time, when the popularity of remote working is on the rise.
Moreover, this freedom of accessing training from anywhere and at any time can also benefit your vendors, franchise partners, freelancers, field workers, and even customers. By making training accessible to your extended enterprise, you can ensure a positive experience for everyone involved, without having to spend a fortune on infrastructure costs.
3. Improved Engagement With Training Material
Modern learning management systems come loaded with features that allow learning administrators and business owners to create an immersive training experience for their employees. They enable course creators to use multimedia in the course curriculum to create engaging training material.
Moreover, with features like microlearning (ability to break down long course material into bite-sized lessons) and gamification (ability to add game-like elements to training experience), organisations can create a training experience that is designed to motivate learners to perform at their best.
4. Easy Consolidation, Storage, And Updation Of Training Material
Finally, the most obvious benefit of a cloud based LMS is that they allow for easy storage of training material. Moreover, with an LMS, it is easy to update your training material as well. You don’t need to create update material from scratch, simply log on to the LMS, make the updates, and hit publish!
Conclusion
As you can see, the benefits of using a cloud LMS are too significant to be ignored. In fact, if you use it right, all the above-mentioned benefits can add up to a pretty sweet ROI on your investment into a training initiative.
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