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In today’s fast paced world, it is essential for businesses to keep up with technology to stay in the race. There are many reasons why small businesses and corporations should be leveraging technology for learning and training purposes.

  1. Cost Effective Training

Employees can access training 24/7 from the comfort of their own home. Online training cuts out the cost of traveling, whether that is sending employees to external training or traveling to train employees at multiple locations. Companies utilizing a learning management system, boast a higher employee retention rate. The savings in onboarding expenses is reason alone to migrate to online employee training.

  1. More Time for Managers to Manage

Managers no longer need to conduct the same training time and time again. They can focus on other ways of improving employee quality of life. Managers can spend more time building a culture that will help employees feel more at home and increase retention rate. They can offer more guidance and even come up with creative perks that will even further increase retention.

  1. More Effective Way of Learning

In this age of millennials, the way that people expect to learn has evolved. Social media has become a preferred digital alternative for the “traditional” social life. Online learning is more in line with the digital lives of millennials. E-learning also allows employees to move at their own pace. Traditional external training can be frustrating for those who find the pace to be too fast or too slow. E-learning also supports videos, interactive learning through gamification, and can be accessed from mobile devices. A learning management system allows us to learn in the way that we most love to learn.

  1. Easily Tracks Employee Progress and Performance

Most learning management systems offer detailed metrics and reporting. If you see that an employee is struggling, you can offer supplemental resources. If you find that multiple employees are struggling with a particular course, you assess and revise the eLearning content as needed.

  1. Reduce Carbon Footprint

Online Training will reduce the amount of travel required and save loads of paper. “Going Green” can also help a company gain public favor. This list merely scrapes the surface of what a Learning Management System has to offer. Classroom training is a thing of the past. The transition to an online training platform can be simple, enjoyable, and rewarding. The most difficult part is selecting the right LMS for you and your business.