The term “LMS” is a buzz word that’s frequently thrown around in the training and professional development space, but newcomers to the online learning environment will appreciate this quick primer to see if an LMS, or Learning Management System, is right for your organization.
What is an LMS and what does it do?
A Learning Management System, or LMS, is a cloud or software-based learning platform used in education and business with a primary function to create, deliver and track training. An LMS should have a wide variety of tools to make the training process easy for both users and administrators. Training content, files and assets are first uploaded to an LMS platform. Then you can organize that content and build e-learning modules to deliver to your desired learners. In addition to e-learning, an LMS provides features that can manage instructor-led training, virtual instructor led training, and blended approaches to learning.
An LMS can be:
Cloud-Based – A very popular option, this type of LMS platform is hosted on the cloud. Administrators, learners, and collaborators can access from anywhere.
On-Premise– This LMS platform is hosted on a local server. An administrator is required to manage nearly all aspects of the LMS, like updating content and future add-ons.
Who uses an LMS and who benefits from one?
LMS platforms are used across a wide spectrum, from large corporate enterprises in need of a trackable system for training 1000s of employees on a global scale, to small and medium business that need a scalable training solution that grows with them, to solopreneurs who work with multiple clients and need remote collaboration tools.
Just a few LMS use cases include:
- onboarding new team members
- training employees on compliance or any number of company policy issues
- providing customer training or support and promoting customer retention
- equipping your sales force with consistent sales enablement tools and resources
These LMS features and functionality can apply to any use case:
Monitor and Track Performance: A core LMS platform feature is the ability to quickly and efficiently deploy training assets to users while easily extracting valuable analytics from the results. An LMS lets you easily pinpoint your learners’ strengths and weaknesses, trends and patterns, and individual progress.
Amazing Organization and Secure Storage: Store all of your training content and data in one location on your LMS. A cloud-based LMS provides extremely secure storage and can prevent you from losing years of data.
Focused Training: If you are still providing training informally, one-on-one, or ad-hoc, chances are time and logistical issues will eventually force you to scale your training efforts. With an LMS, you can easily optimize and scale your training programs to reach more learners, saving you valuable time.
Learn Anywhere: An LMS gives organizations the flexibility to offer training on a variety of platforms. This means that users can access training whenever and wherever they want.
Hear from fellow administrators how the right LMS has transformed their training and professional development strategies. We love a great success story.
How do LMS fees work?
Typically, LMS fee structures fall into three categories. The first is a licensing model where you either pay an annual fee or a one-time license fee. Another is the subscription model which normally gives you the option to pay per user on a monthly or yearly basis. Lastly, there are open source and freemium LMS options. These options allow you to access only basic functionalities and/or limit the number of users. After that, you can pay varying fees to access more advanced features. In addition to these costs, plan for other expenditures for things like implementation, support, or maintenance.
LMS providers and options continue to evolve and there are always new breakthroughs. It’s important to select an LMS that mirrors your organization’s training and professional development goals. Edubrite can help. Learn more about our award-winning LMS or Book a Demo today.