What Is a Corporate LMS? 6 Reasons to Get One!

A Corporate Learning Experience Platform (LXP) is a software platform that facilitates the administration, documentation, tracking, reporting, automation, and delivery of educational courses, training programs, or learning and development programs. Here are six compelling reasons why modern businesses should invest in a corporate LMS like Edrevel:
- Cut Training Costs Traditional training methods can be expensive, involving costs for travel, materials, and venues. A corporate LMS reduces these expenses by delivering online training sessions. For example, IBM saved approximately $200 million by switching to eLearning. By digitizing training, businesses can allocate resources more efficiently and reduce overall training costs.
- Automate HR Processes: LMS automates various HR tasks such as tracking employee progress, managing certifications, and generating compliance reports. This automation allows HR professionals to focus on strategic initiatives. For instance, the LMS can automatically enrol new hires into mandatory training modules and send reminders for upcoming sessions, ensuring compliance and up-to-date training without manual intervention.
- Reduce Employee Turnover: Providing ongoing training and development opportunities is crucial for retaining top talent. LMS offers personalized learning paths and interactive modules that keep employees engaged and motivated. Companies using LMS platforms report higher job satisfaction and lower turnover rates, as employees feel valued and see clear opportunities for career growth.
- Enhance Productivity An LMS can boost productivity by providing employees with the skills and knowledge they need to perform their roles effectively with features like interactive learning modules and real-time analytics, which help track progress and optimize training programs. Engaged employees are more likely to be productive and contribute positively to the company's goals.
- Improve Compliance Maintaining compliance with industry regulations is essential for many businesses. An LMS ensures that all employees complete required training and certifications, automatically tracking progress and generating compliance reports. This reduces the risk of non-compliance and helps businesses stay up-to-date with regulatory requirements.
- Data-Driven Insights: Robust analytics allows managers to track training effectiveness, identify skill gaps, and adjust programs accordingly. This data-driven approach ensures that training initiatives align with business goals and yield tangible results. For example, managers can use analytics to pinpoint which courses have the highest completion rates and correlate them with performance improvements, thereby optimizing the training strategy.
Final Thoughts
Employee development must be a priority for every company that wishes for smooth operations and long-term retention of employees. Global Talent Trends report of 2020 shows 77% of companies work to better employee experience for more engagement and lower turnover rates. However, employee development does not have to be a daunting task. Employing a Learning Experience Platform eases the process with its many features to engage learners and allow the employee the insights into their learning. By integrating Edrevel’s LMS into your business processes, you can enhance efficiency, reduce costs, and foster a culture of continuous learning and development. Visit www.edrevel.com to discover how our LMS can transform your corporate training and drive business success.