More and ore companies today are realizing the employees are their most valuable asset and that providing them with the knowledge and training they need can bring a significant return-on-investment (ROI). In fact, several studies have shown that companies that do invest in corporate training and employee skills development can expect to see an increase in the amount of revenue they are generating on a per-employee basis, along with an improvement in the company’s overall profits.
In years past, the only real option for offering corporate training was through classroom-led instruction. But today, the evolution of SaaS-based technologies has made online learning, or “eLearning, the preferred approach to delivering these critical programs. And the core technology for delivering all types of eLearning programs, including corporate training, is a Learning Management System (LMS).
The Benefits of a SaaS LMS
An LMS is the software application that manages the building, delivery, and tracking of eLearning programs. While an LMS can be hosted on-premises, the more common approach is for companies to work with a SaaS LMS offered by a third-party vendor. This is especially true for small to mid-sized companies who do not have the resources required to deploy and manage an LMS infrastructure themselves.
There a several reasons that eLearning through the use of an LMS continues to surpass classroom-based training as the preferred approach to employee development. Some of these reasons are:
Perhaps the most important benefit of an LMS over classroom-based training is in the fact that it is less expensive, especially over the long-term. In working with an LMS, you eliminate the need for employee travel and lodging expenses, as well as the cost of on-site instructors. And with eLearning, there is no need to print and distribute training materials as everything is presented to the student on whatever device they are using.
eLearning allows your workers to access the learning content they need, when and where they need it. This allows for contextual-based learning and ensures that employees can get the information they need as soon as they need it.
For many learners, the challenge of classroom-based training is in trying to keep up with the pace by the instructor. This experience can undermine the value of your corporate training program through lower student comprehension and lack of retention. In working with an LMS, on the other hand, students can work at their own pace and spend as much time as they need to on challenging and important learning materials.
A SaaS LMS allows your company to access the precise system capacity and features you need for your eLearning and corporate training program at any given time. This subscription-based approach ensures that you are not paying for capacity that you do not need.
A SaaS LMS offers flexibility to scale your use of the system as your needs expand over time. And it enables this immediately, without the need for investing in additional physical infrastructure.
LMS Portals: A SaaS LMS for Corporate Training
LMS Portals offers a multi-tenant SaaS LMS that allows our clients and partners to launch and manage multiple private eLearning environments (portals) for their corporate training and employee development programs. Using our system, you can dynamically deploy new learning portals as needs arise. And each portal offers its own branding, user onboarding, messaging tools, analytics and reporting, and more.