One of the biggest costs of running a business is training. A Training Industry Report pegs the average training expenditure of large enterprises in the U.S. at $17 million, and that’s discounting auxiliary costs such as travel, facilities and equipment. You may have a huge training budget. However, it doesn’t hurt to find ways on how to “trim the fat” further with the help of technology.
In this article, you’ll learn the best learning management system or LMS to train employees remotely and at their own pace. Bear in mind, not all LMS solutions are the same. Some are LMS for schools, others for small businesses, still others to help you sell courses. We’ll help you focus on the 5 best LMS solutions for enterprise and narrow down your options to those that can scale to the needs of large organizations, including a pricing plan tailored-fit to your budget and deployment and learning options that take into account the busy schedule of your staff.
You know that training employees is worth the investment. But training goes beyond improving productivity. Employees who are given training also feel more valued and fulfilled, and this can manifest loyalty to the company and result in longer employee retention. An organization with a solid training program also attracts the best talents.
A workplace study on what employees look for in an organization reveals a surprising twist: employees are not all gung-ho for higher pay. Rather, they look for stability, health and well-being and working with a purpose. Training instills purpose in the employee’s mind, the idea that she will thrive alongside the organization’s growth.
There are many ways to calculate the ROI of employee training but the bottom line is to identify a metric with value and use that as a before-and-after training benchmark. Today’s LMS tools allow you to monitor KPIs that measure the learning progress and, in effect, the ROI per learner. Better yet, they offer a much cost-effective way to train employees, cutting on costs like travel and equipment. Many LMS pricing is designed on a per-user or per-course format, so you also get to scale the cost. These tools are disrupting the employee training landscape and, in this article, you’ll learn the best ones that you can choose.
TalentLMS helps its users to simplify online seminars, courses, and other training programs with its highly configurable and cloud-hosted learning management system. This system is suitable for organizations who want to deliver continuing education for its employees to strengthen their career growth. As a cloud-based system, Talent LMS allows users to maximize time and substantial training efforts using a set of innovative LMS features.
The system provides for SCORM and Tin Can (xAPI), notifications, course selling, video-conferencing, gamification, extensible user profiles, etc. TalentLMS is equipped with course management, learning delivery and white labeling.
If you want to try the platform at no cost, you can easily sign up for TalentLMS free trial here.
The system is mobile-friendly and has native mobile applications for iOS and Android.
TalentLMS is offered for free with up to 5 users and 10 courses. All pricing details are offered in annual and monthly pricing (with the latter costing more). There are various plans to choose from depending on the size of the business and accessible features. The price ranges from $29/month to $499/month. An Enterprise plan is also available wherein organizations can request for a custom plan.
SAP Litmos is the power core behind some of the most refined training programs in the world that is capable of scaling to millions of users. It is characterized by advanced features and interfaces favored for its standardized simplicity and incredible and easy navigation. The LMS is cloud-based, giving professionals the capacity to manage an entire program from one secure, centralized environment.
The learning management system is best known for its accessibility and integration with other systems. Individuals of all roles can access the software or application from any device to personalize courses and content anytime, anywhere. It is engineered to provide maximum engagement and information retention. SAP Litmos covers features for online course building, assessment and quizzes, and reports and dashboards. The software has native apps for iOS and Android.
An appealing test drive of all software features is available to you when you sign up for SAP Litmos free trial here.
SAP Litmos offers flexible pricing that varies by the number of users. For a PRO subscription of 50-150 users, $4.00 is billed monthly; of 500-1000 users, $3.00 billed monthly; of 1000 or more, you can contact the vendor.
Docebo LMS is powered by Artificial Intelligence (AI) for smart workflows and automation. The system is known for its elegant yet robust user interface for its users, allowing the creation of up to 1000 pages with drag and drop widgets to produce over-the-top learning experiences.
With this Cloud eLearning solution, Docebo is easy to use, manage, deliver, and it enables seamless tracking of eLearning activities. Its core feature is its powerful API system that allows users to perform any integration related to user accounts, courses, and training materials. The API system is based on ReST, which makes configuration logical and efficient. Docebo also covers features for coach and share, advanced reporting, and white labeling and customization. Docebo is mobile-ready, top-shelf, fully integrated and scalable.
If you want to know more about the features you can easily sign up for Docebo free trial here.
The tool has a quote-based pricing detail that allows users to choose from plans based on the number of learners, features needed, and services provided.
iSpring Learn LMS is a sophisticated, user-friendly learning management system that allows its users to access eLearning content in a very clean and familiar interface accessible whenever and wherever from any device preferred. With this system, it is possible to label and categorize learners into groups and organizations to place access permissions and receive clearer results.
iSpring Learn is best known for developing people for business growth by allowing users to quickly introduce employees to the products, processes and corporate culture. It provides a portal-based compliance training and quick access to product updates, practices and procedure. The system is characterized by engaging content, analytics and unlimited storage.
If you want to check its comprehensive feature set you can easily sign up for iSpring Learn free trial here.
This learning management system provides tools that deliver a comprehensive solution for developing interactive and engaging learning materials for various platforms with the use of PowerPoint.
Analytics feature offers a rich set of reports to help users follow learning progress, effectiveness evaluation and sales activities.
iSpring Learn offers multiple sets of plans and it is available in the market for as low as $3.66 per user per month.
LearnUpon is an online learning management system engineered to reach the needs of a wide range of enterprises and organizations by resolving issues encountered by larger businesses and to assist them in keeping employees up-to-date with any necessary information.
The system is popular for its easy, sophisticated utilization and set up, powered by an intuitive xAPI and SCORM interface that makes online learning an engrossing solution for institutions. LearnUpon has features for blended learning, learning portals and social experience.
Blended learning allows users to integrate with the most popular webinar tools available, add instructor-led training to any course, schedule live training sessions, and manage multiple training sessions and attendance across multiple time zones.
Should you want to investigate the platform firsthand, you can easily do so when you sign up for LearnUpon for free here.
Learning portals provide one system to train multiple audiences while creating a unique learning environment for every audience, scaling training management, classifying audience with different branding and building portals.
Social learning encourages conversations between users and helps in the sharing of knowledge through forums. It empowers users to engage with one another, create a platform to share expert knowledge, search for valuable content and personalize with profiles.
LearnUpon starts at $599 per month.
Before you finalize your decision on which LMS to get, think of a few other factors that will impact how you use the solution. First, consider the frequency of your training. Do you have a regular program or is your training on a needs basis? If you have a regular training calendar, consider getting a long-term subscription, which usually brings with it substantial discounts. Second, make sure what you’re looking for is an LMS and not a talent management system. There are differences between talent management vs. LMS software, as the former focuses on acquiring new hires, while the latter focuses on developing current employees.
Second, where will be your employees based? If they are often on the field, check for an LMS platform with a solid mobile platform. This ensures your employees get to access their courses even on the go. Third, what type of training are you looking for? Can it be standardized? Some LMS solutions provide a catalog of off-the-shelf materials for management, sales and compliance. In this case, you simply access these ready materials instead of writing them from scratch.
Fourth, does the LMS fit your workflow? The best way to find this out is to try the vendor’s free trial offer. For instance, you can sign up for TalentLMS free trial here. By actually using the system, you can gauge it firsthand on how it works with your and your employees’ workflows. If budget is a concern, you can also check the most affordable LMS solutions and see if one matches your needs.
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