“Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning, and focused effort,”–Paul J Meyer, Author of The 5 Pillars of Leadership.
As reported by Gallup’s 2017 State of the American workplace report, nearly 70 percent of American workers are ‘not engaged’ at work, thus costing the American economy a whopping sum of $480-$600 billion every year. The lack of engagement in the workplace leads to unmotivated employees, causing tremendous productivity losses.
Talented employees engaged in their current positions are more likely to leave the organization soon. With a turnover costing 33 percent of employees’ salaries, promoting employee retention has become an objective for over 87 percent of HR departments.
Fortunately, as per recent research, employers can prevent turnover in almost 75 percent of cases by improving employee engagement. Many top organizations successfully create a workplace where approximately 70 percent of the workers are motivated.
Increasing employee engagement benefits the business’s culture, resulting in a 41 percent decrease in absenteeism and a 17 percent increase in Productivity. Even studies have shown that a highly motivated workforce can outperform a company with low employee engagement by a whopping 202 percent.
So, how can the organizations keep their employees motivated day-in and out? There are many right answers to this question, but what’s certain is that organizations must invest in workplace systems that are capable of increasing Productivity, like a Learning Management System (LMS).
LMS is a cutting-edge technology that provides incredible value to the company. Whether used for employee onboarding or sustained engaging corporate learning, good LMS helps the company rule out inefficiencies and centralize the workplace operations. When deployed correctly, an LMS enables companies to get 100 percent from every employee and increase their performance ceiling.
These advantages are small but provide consistent Productivity boosts that mark the difference between an industry leader and another nondescript member of the pack. This is one of the primary reasons that the global corporate eLearning market is estimated to reach $31 billion in revenue by 2020, and what follows behind are just a few ways companies can use LMSs to improve their employee engagement, motivation, and Productivity.
Here are four ways a Learning Management System (LMS) can help organizations improve their employee productivity –
Delivering effective employee training
With the ever-increasing demands, employers find it hard to recruit employees and expand their skillsets after completing the hiring process.
A Learning Management System (LMS) offers the employee the flexibility to gain knowledge from anywhere from any device. LMS platforms act as a single-mode for learning that enables customization to academic learning, employee training, extended enterprise, and customer training needs.
From technical training to soft skill training, an LMS offers various modules that interest employees at managerial and entry levels. While consistency is the key to learning development, an LMS provides regularity and cost-effectiveness over traditional learning methods.
LMS trains employees to effectively implement their already known skills, learn new skills at their convenience, and track progress.
Aligning employee training to the organization’s needs
LMS enables organizations to amend learning to help employees develop the organization’s development skills.
LMS provides employees with various information regarding the learning and development modules, training methods, and requirements by using customized modules to deliver training programs that strengthen employees’ skills.
LMS also provides a competitive advantage to companies against those organizations that rely on traditional learning methods. LMS helps organizations identify areas that the employees need to focus on for the entire team’s better functioning and reach its goals.
With an LMS, you can customize the features and functions depending on your company’s size. LMS can be implemented for specific departments whose Productivity has drastically reduced. LMS is mostly packaged with modules and training materials needed for general skills and industry-specific skills. LMS helps employees tune into training programs to achieve company-wide goals and promote a better learning-driven culture.
LMS uses its customizable features and tracks objectives to cater to employee productivity needs without the size and sector barriers.
Catering to the requirements of a diverse range of employees
Productivity cannot be categorized depending upon the tenure of an employee working for an organization. Contribution from just-recruited employees must be equal to the employees who have been working for years, and vice versa. Thus, to boost overall productivity, it is essential to ensure that the training modules cater to their requirements based on their knowledge or expertise.
An LMS is a great way to show the entry-level employees what the company’s objectives are and what is expected from them. We can develop the employees’ vision and their knowledge with customized courses depending on their expertise.
For your long-time employees, you can provide opportunities to continuously grow in on-the-job learning and build a competent and well-qualified workforce. Even if an employee’s job role fundamentally remains unchanged, LMS can still offer skills that fill knowledge gaps and enable them to execute their duties in efficient ways.
LMS is also crucial to train employees to perform additional tasks that complement their educational background and excel.
Facilitating employee engagement
Attracting talented professionals and building human capital from your existing employee pool is crucial for sustained growth. Studies show that nearly 74 percent of employees prefer to learn during their free time. And this gap between employee expectations and organization delivery needs to be filled to attain better Productivity and interest.
LMS provides the flexibility to the employees to learn on their terms. It lets training programs from long days at the classroom attending lengthy lectures to watch short, crisp, and engaging videos, presentations, quizzes, etc. Employees feel more motivated and intrigued to learn and improve course completion rates and implement their learning in real-life situations to Boost Productivity.
LMS offers collaborative learning spaces where employees can engage with other employees and supervisors. In a world where 80 percent of the training happens on-the-job, LMS enables employees to learn, interact, and ask SMEs any questions that they might have.
Investing in resources that improve the employees’ quality of work and prepares them for a better job position within the organization acts as a morale booster. With its online mode, various features, and dedicated spaces, LMS facilitates employees to increase their productivity and experience the best.
Learning Management System can effectively streamline your training process and ensure proper employee skill set development to meet the organization’s objectives. LMS acts as an all-in-one platform customized for diverse employee needs. While LMS focuses on employee engagement and motivates both employers and employees at the workplace, it is easy-to-use and cost-effective, enabling employees to update their skill sets and boost company-wide productivity.