According to a Nonprofit Standards report, 42 percent of CFOs view fundraising as an essential skill for board members. Unfortunately, the number is halved to 21 percent when posed to nonprofit CEOs and Presidents. The report explains why a board must comprise members who have different skill sets, thus meeting its needs like fundraising.
Now more than ever, nonprofit organizations are in dire need of an eLearning platform vs. for-profit organizations. Many nonprofits have a geographically dispersed learner base that requires training, from employees and volunteers to donors and board members. In-person training is no longer a viable option due to COVID, where they are based, and the costs associated with providing it.
Nonprofits have a pressing need to share their organization’s story, convey vital information, and their organizational processes systematically with their teams. Unlike for-profit, training with a nonprofit cannot feel burdensome, tedious, or time-consuming to the volunteer. There isn’t enough time, resources, or budget for nonprofits to train like a for-profit. Nonprofits need a cloud-based LMS to streamline their training process, making it more relevant, engaging, less time consuming, and accessible to anyone worldwide.
Let’s look at seven essential benefits an LMS can bring to a nonprofit organization that will intrigue stakeholders and increases buy-in to implement an improved training method.
- Convenience & Ease of Providing In-House Training
Nonprofit organizations don’t benefit from efficiently outsourcing their requirements to a third-party vendor or freelancer due to the prohibitive costs. Typically, nonprofit organizations must be equipped to take on the training process themselves, bringing outside help only when necessary. With an LMS, you can train your team to perform without increasing overhead or investing in your training outsourcing better.
At the same time, you want to make sure that your employees and volunteers perform at their peak and ensure ongoing improvement. Implementing an LMS means your resources aren’t limited anymore! Now, your teams can train more effectively and efficiently, making the process more enjoyable while also increasing engagement and knowledge.
An LMS can also help you deliver custom, targeted training to individuals based on interests and skill levels, deployed online for easy access. It provides your team with a way to quickly and easily develop their talents.
- It’s Cost-effective
Let’s face it, no one wants to talk about money, yet it’s a constraint. However, it’s also one of the most talked-about issues within nonprofit organizations. Most nonprofits don’t usually deploy resources towards training methods or in-house instructors and expect to use the “savings” towards other essential projects. Another constraint applies to travel, printed material, and accommodation expenses to conduct in-person training.
Implementing an LMS solution is a more cost-effective training method that needs truly little maintenance or third-party involvement. Data in an LMS is stored in a cloud-based, centralized location, making it easier for your team to deploy and access the content from anywhere, at any time. It doesn’t require any coding skills to implement, nor frequent maintenance or updates, thus saving time and money.
- It Reduces Training Time
The most compelling reason to use an LMS is the ability to offer tailor-made courses based on your team’s interests, skill levels, or position. This means the content is delivered in a format that your audience can easily understand based on their work, task, skills, or role. With an LMS in place, employees can participate in the online training that fits their schedules and can be completed from their own sofa’s comfort. Now THAT’s a time saver!
Implementing an LMS also enables you to speed up the transfer of knowledge by incorporating real-world scenarios into simulation-based learning that will capture a learner’s attention and interest. This means they will want to participate in the learning process geared towards their own personal and professional development. Oh, it also allows people to learn from their mistakes made in training vs. real life.
An LMS sounds like a technologically complicated and expensive solution. However, it’s the simplest way to decrease training time and the resources dedicated to making your training happen.
- Centralized, Cloud-Based Content Storage
Think about it! No more scrambling to find your content, filling in Excel spreadsheets, or fears about losing your data. It’s all stored centrally in the cloud! Today’s data encryption methods are state-of-the-art and incorporate safeguards like IP blocking, anti-spam, anti-virus, and domain-based access restrictions for your peace of mind. You can grant limited access to specific learners via passwords and individualized learning plans.
- Advanced, Real-Time Reporting and Feedback
Any implemented technology is useless if you cannot analyze results instantly, track progress, gather feedback, and gauge effectiveness in real-time. For example, an LMS can reveal a struggling team member allowing you to immediately intervene, provide feedback, and support resources to help them to grasp the concept. It also lets your team know you care!
Using an LMS helps you to see for yourself, in real-time, how effective your training strategy is and the ability to make immediate corrections if necessary! This, in turn, allows you to provide your team with continuous support and for your organization to allocate its resources properly.
- Generate Revenue to Cover Expenses
There are two ways an LMS can help you generate revenue: Having a well trained and equipped team and the ability to sell your knowledge resources online.
Having a highly trained, skilled talent pool means you can benefit from more streamlined, efficient, and effective organizational operations. In other words, you save time and money by allowing your team to educate themselves.
Having eCommerce capabilities enables your organization to package, distribute, and leverage your knowledge resource quickly and efficiently to generate revenues to offset operational and overhead costs. ECommerce means you can sell your courses/training online to other organizations. They can also benefit from your subject matter expertise while covering your L&D budget and fund other projects. It’s a win-win!
- A Global, Unified Team
Many nonprofit organizations have teams spread all over the world. Implementing training methods inclusive of native language support, cultural relevance, and local customs is super important. Having the right LMS can help unify your teams and your organizational strategies by providing individualized training by geographic location.
It transcends borders, boundaries, time zones, and language. Providing proper online training tools facilitates team building, overcomes organizational challenges, enables collaboration and idea/tips sharing across the globe. Leveraging an LMS allows you to create mentorship programs that benefit your teams equally.
Implementing an LMS seems like an unintuitive, unwanted expense for many nonprofit organizations. However, it saves money overall by decreasing L&D inefficiencies and overhead. Want to improve team performance or measure and track KPI’s? Wanting to create a cohesive training strategy and enhance the transfer of knowledge? Eliminate in-person training expenditures? Then look no further than a good LMS to help achieve your organization’s goals.