- Talent Management
The Rising Importance of the Learning Management System
It’s undeniable—training and development isn’t just important for a business—it’s absolutely vital.
A 2012 study conducted by the Harvard Business Review demonstrated just how important. In fact, the article, titled “Why Top Young Managers Are in a Nonstop Job Hunt,” provided a profile of 1,200 of the world’s brightest and most talented professionals.
What the research found was that much of the employees’ dissatisfaction and tendency to always be on the hunt for a new job was primarily because of their employers’ lack of development efforts and opportunities.
As more Millennials enter the workplace, they’re also placing an increasingly high premium on the value of comprehensive training and development efforts on the part of their employers.
Luckily, learning management systems (LMS), are providing innovative and powerful opportunities to deliver training and development.
The LMS Market
The market for delivering top-quality learning management systems has rapidly expanded in recent years. It’s ballooned into a multi-billion dollar industry, and in 2014 alone the LMS industry has grown more than 20% according to the Bersin Corporate Learning Factbook.
Additionally, the training market in general grew by 15% so far this year, according to the same research conducted by Bersin.
As it stands now, 2/3 of all corporate training is delivered in a multimedia LMS-based format.
The LMS market is one poised to continue its exponential growth, as employers recognize the value of training and development, but also delivering information through an LMS.
The LMS Advantage
When companies, large and small, opt to utilize an LMS to deliver training and development content to employees, the advantages are substantial. There are distinctive variations in learning management systems, but in general the benefits broadly applicable include:
Ultimately, multimedia training and development, primarily in the form of the use of a dedicated LMS is one of the best ways companies can get the most value from their training and development, and ensure an optimal return on their investment.
There are more innovative tools at the disposal of corporations than ever before thanks to the constantly expanding LMS market. If you are curious about how to get started, here’s a good read on “How to Implement a Learning Management System“.
December 16, 2015 Ashley Sutphin
Before diving into the newest trend in talent management, consider these facts about student loan debt: From 2004 to 2014, the average amount of debt carried by college students at graduation rose an astounding 56 percent. A recent report from The Institute for College Access and Success showed that average debt rates went from $18,550 […]… read more
December 7, 2015 Ashley Sutphin
One of the many elements of creating a great talent management strategy is looking at how the best are doing things. According to Entrepreneur.com, McKinsey & Company is one of those leaders, as they made the list of the Top 10 Companies to Work for in 2015.… read more
December 7, 2015 Ashley Sutphin
Remote employees are no longer an anomaly—they’re becoming more of the norm not just in the U.S., but the world, and while the advantages of these employees can be tremendous, talent management leaders are looking at how to ensure they’re well-trained, part of the company culture, and appreciated.… read more
November 11, 2015 Ashley Sutphin
Netflix has revolutionized the way people watch TV and movies. This on-demand streaming media service is available throughout the globe, and it now has more 69 million subscribers, with 43 million of those being in the U.S. Netflix has been so successful it’s also launched its own original programming line-up including the highly popular House […]… read more
October 23, 2015 Ashley Sutphin
While the average person may barely even be considering the holidays right now, for businesses that need to hire seasonal employees the time is now.… read more