What Are Your Must-Have LMS Features?
While some organizations prioritize robust reporting and certificate management when it’s time to invest in a new LMS, others have their sight set on software that specializes in remote peer collaboration. Your LMS wishlist greatly depends on company objectives, current gaps, and personal development goals. The goal of this survey is to identify the LMS features that are most valuable to various types of organizations. We’d love to learn more about which platform perks your organization values and why. But first, let’s take a closer look at how the right LMS features can help you boost online training ROI.
How The Right LMS Features Improve Online Training Returns
Minding the gaps and measuring employee performance is always beneficial for your profit margin. However, stakeholders are usually more concerned with cost breakdowns. How will a new Learning Management System contribute to your bottom line? Is it truly worth the investment? How do the custom reports generator and role assignment duties translate into better ROI? These are all valid questions that must be answered to secure funding. And you need to be prepared with a list of profit-driven perks when making your business case. Here are some of the ways that LMS features, particularly advanced reporting capabilities, can improve your online training returns.
1. Troubleshoot Employee Performance Gaps (While There’s Still Time)
Every employee has some challenges they need to overcome to improve productivity. But time is of the essence when trying to identify gaps. Every minute they act on incorrect information or don’t have the necessary skills increases the risk of on-the-job mistakes. Learning Management System reporting features help you spot areas for improvement while there’s still time to act before they offend that client or don’t wear the proper safety gear. For example, assessment scores or simulation reports reveal that your top sales employee still needs to work on their product knowledge.
2. Cut The Clutter And Improve Resource Allocation
Who knows how much money (and time) your organization has wasted on resources that missed the target. They’re now sitting, collecting virtual dust when they should be improving employee performance and raising your ROI. An LMS reports generator cuts the clutter and restores order to the L&D madness. You can improve resource allocation by seeing which support tools hit the spot and which need to be reworked…or completely eliminated. For instance, that podcast you uploaded a year ago hasn’t been accessed in months. Either employees just don’t know about it—in which case, you should up your marketing game—or it’s no longer relevant and you need to rethink its role in your strategy.
3. Identify Top Performers To Make The Most Of Human Resources
There are shining stars in your organization who aren’t as hungry for public recognition. They want to do their job and that’s enough reward. However, this hidden talent can be a valuable source of peer support and feedback. Certain Learning Management System features allow you to find the “diamonds in the rough” and make the most of your human assets. For example, invite them to coach underperformers or host a social media chat where they can share insights thanks to built-in collaboration tools. You’re able to pinpoint their strengths through completion rates, time logs, simulation reports, and other key metrics.
4. Improve L&D Efficiency
Your L&D team can’t fly blind. Just like your front-end employees, they need support to improve proficiency and performance. Except, their primary support comes from Big Data—LMS metrics that help them troubleshoot weak spots and streamline your strategy. The catch is that this data must be easy to decipher, organize, and share. Learning Management Systems enable them to view the data in real time and identify trends using visualizations. Then they can act on the information to make changes and offer support to everyone else.
5. Get A Visual Overview To Detect Emerging Patterns
I mentioned visualizations briefly, but they warrant their own section. It’s difficult to sift through all the numbers and find meaning. Humans are more visual. Pie charts and line graphs help us see the connection and detect patterns. For example, use LMS reporting tools to quickly identify resources with low engagement scores, or employees who fall below the benchmark so that they can intervene.
6. Develop Resources That Challenge Employees Without Overstressing
It’s a fine line between challenging staff members and inducing anxiety. Likewise, you don’t want resources that bore them, as they’re likely to disengage instead of building their knowledge. LMS online training metrics help you develop resources that are customized for their needs by finding the ideal difficulty level. Fast completion times usually indicate that it was too easy or that they’re already well versed on the subject. While slow times mean that they’ve met their match…and then some. As a result, you can personalize content to ease the strain or adjust the difficulty based on their experience level.
How do Learning Management System features translate into better ROI? The simple answer is that they allow you to identify the root cause of inadequate performance and simplify data analysis. But there’s more to it than that. Your L&D can visualize the information and ensure that metrics are automatically delivered to team leaders, while your employees have the opportunity to focus on their faults and use their strengths to help coworkers in crisis. That said, reporting is just one part of the equation. Every organization has unique training requirements and areas for improvement. So, let us know which LMS features and functionalities are most valuable for your organization by participating in this quick survey.
Does your LMS help you to deliver and track mandatory compliance training? Do you manage in-person training with your platform? We will present the results in just a few weeks!