It’s no secret that delivering online learning through an LMS brings significant value to your learners and your organization as a whole. But what are the specific benefits and advantages of eLearning for business? Take a look at these fundamental improvements to training and learning.
One of the main reasons why many companies make the transition to an LMS for their training is the reduction in cost. Generally speaking, whatever LMS platform and vendor you choose to host your eLearning, you’re likely to see a drop in costs associated with the logistics of traditional training. This might include savings in payroll, infrastructure, and materials.
However, some platforms can be more cost-effective than others. For many, a cloud-hosted open source LMS is the most appropriate and efficient choice, because it offers financial flexibility in the main budget areas associated with eLearning: setup, license fees, maintenance, and training.
“With Lambda Solutions, we have been able to reduce our overall costs, increase topline revenue and deliver a superior online training experience—all at the same time. That is a very tough thing to do and we were able to accomplish all three, immediately from launch.”
- Mike Montague, VP of Online Learning & Development, Sandler Systems, Inc. (click here to read our award-winning Sandler Training case study)
Doing away with licenses and allowing LMS platforms to be freely distributed and developed makes open source LMS the most economically efficient base, from which organizations can then begin to build their programs according to their needs. In addition, managing your LMS through cloud hosting has been shown to reduce IT operating costs by more than 40%, results which we showcase how to achieve in the free on-demand webinar: Reduce the Cost of Online Learning & Training with Moodle LMS.
Alongside flexibility in terms of costs eLearning offers flexibility eLearning in terms of scale (read our article on 6 Things Your LMS Should Be Able to Do). Whereas traditional learning is constrained by physical infrastructure - resources, geographic considerations, class size, etc. - eLearning allows educators to provide responsive content depending upon learner needs.
With an open source LMS, it’s much easier to grow your training incrementally, rather than being forced into major, one-off investments. Examples of scalability range from simple, common-sense solutions to more bespoke learning choices for your global business. Smaller organizations value the ability to offer training without putting pressure on learner availability or scheduled attendance. For larger organizations, hosting training digitally allows seamless interaction across teams, departments, and international divisions.
3. eLearning ROI
The bespoke nature of LMS eLearning also has advantages when it comes to returns on investment. Because learning engagement and progress is tracked digitally, educators are able to make fine-grain assessments of which aspects of training provide the best value. Knowing where and when your learners are most engaged is invaluable in terms of economizing your training programs and maximizing cost-effectiveness.
Gaining management buy-in for changes or upgrades also becomes far easier with access to a wealth of evidential data. Visual representations of analytics allow audiences to immediately recognize the Key Performance Indicators (KPIs). Dashboards are a fantastic way of presenting real-time information on ROI, whether that’s reporting on your successes, or discussing next-steps for areas in need of development.
If you’re looking to prove and improve your eLearning ROI, you’ve found your solution in Lambda Analytics:
“Since the process of documenting and tracking training has been so dispersed within the organization, it has been almost impossible to accurately measure the impact of our LMS. Going forward, Lambda Analytics/Totara will allow us to be much more quantitative in our approach.”
- Steven Lott, Sr. Director of Clinical Education, Fluidigm
(click here to read our case study)
4. Maximized Learning Outcomes
The analytics available to eLearning administrators don’t just aid corporate ROIs. Individual learner outcomes are also significantly enhanced by the ability of educators to see how learners interact with course content. LMS analytics show how long learners are spending on activities, detailed figures on course completion, learner interactions, and survey responses. To learn more, we have an article covering The Most Beneficial Learning Metrics for eLearning and Why You Should Track Them.
This data can be cross-referenced to build a robust picture of engagement, which can then be used to tailor future materials. It might mean refocusing on difficult content areas through the use of alternative teaching strategies, such as gamification or microlearning. Whatever learner analytics reveal, the ability to assess the engagement of employees, as well as their progress, is a major win for businesses.
Learn more about the benefits of gamification and microlearning with these complimentary webinars:
5. Mobile Learning
To be truly relevant in today’s corporate environment, training programs need to be as accessible to learners as possible, while also asking as little as possible in terms of their time. This is why eLearning is appreciated across industries for its mobile and on-demand capabilities. Using an LMS means that busy staff, who simply cannot allocate large portions of their day to traditional courses, don’t lose out when it comes to chances to further their skills.
Instead, eLearning can be designed to function in a just-in-time format, where learners access content when and wherever they require it, instead of waiting for traditional training courses. This approach has obvious benefits in terms of employees’ ability to empower their own training progress. It also builds added value into training programs, as content can perform a double purpose as a how-to guide as well as a study aid.
Interested in unleashing the potential of your corporate training through an eLearning program? Whether you need a new open source Learning Management System, are looking to optimize your LMS and eLearning programs with learning analytics, or need any other eLearning solutions, we have the expertise to help you reach your goals.
Contact us to learn how open source LMS can work for your business today.
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