Better use of daylight hours, better use of your LMS
Digits LMS
Digits LMS combines LMS and LXP functionality to deliver great learning experiences. By Digits, part of the Ciphr Group
The clocks have ‘sprung’ forward, so as we collectively make better use of the daylight hours, we’ve got some great tips to help you make better use of your LMS. Discover the ways every stakeholder in your organisation can (and should) be benefitting from using your LMS, and then learn how to demonstrate the ROI of this vital piece of software.
A shiny new tool: introducing the LMS ROI calculator
Calculating return on investment (ROI) on your learning management system (LMS) has never been easier — or more important. With Q2 in arm’s reach, now is the ideal time to crunch the numbers and assess the real value your LMS offers.
Our customisable template helps you easily compare costs and profits linked to your LMS platform, while allowing you to:
Download your copy today: Digits LMS ROI calculator template.
Getting more from your LMS: five ways every stakeholder can benefit
Are you making the most of your LMS? Everyone who has access to your learning platform — from C-suite executives to employees and their managers — can benefit from it. To help you maximise ROI on your LMS across every level of your organisation, consider if your stakeholders are taking advantage of these tools, features and functionality.
Strategic software for senior management
As a C-suite executive or senior leader, your focus is on improving your company's processes and boosting sales revenue. One of the best ways to achieve these goals is through continuous employee training and development.
Modern learning management software plays a pivotal role in improving employee productivity, reducing training costs, and supporting various people-related priorities such as onboarding, sales and compliance training, and upskilling and professional development. These activities actively support your people to deliver higher outputs, help to minimise costs, and streamline processes that support non-negotiable business functions.
Management teams will also want to know about the return on investment (ROI); demonstrating ROI has never been easier — don’t forget to download your customisable template.
Honing in on HR processes
LMS software is important for HR teams because it helps with long-term goals, like improving the employee experience, shaping hiring strategies, and ensuring compliance across the workforce. According to a 2020 survey by XpertHR, HR spends the same amount of time on admin tasks as they do on business consultancy, which can be reduced by using LMS software. Employees can learn how to complete these tasks themselves on the LMS, freeing up valuable time in your HR team to focus on more strategic projects.
HR and L&D teams need to work together to create appropriate competency frameworks that match the organisation’s objectives. Digits LMS can help you conduct an analysis at an individual or team level. Managers can compare the training results of their direct reports, and employees can check what they need to do to reach the next step in their careers. This loop is the foundation for creating a culture of continuous learning.
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Empowering every employee to develop future-ready skills
Investing in a learning platform that delivers meaningful, relevant and timely training can help employees improve their job performance. With access to tools like certification courses, online libraries of curated digital learning content, or live virtual events, employees can expand their skills and knowledge to become more productive.
In addition to providing basic training, it's important to retain your top performers. According to a 2022 PwC survey of more than 52,000 workers worldwide, 49% stated their job requires specialist training. This means that there may be a lot of training and skills that will need to be replaced if these employees leave. Therefore, it makes sense to put more effort into keeping the best talent.
It's not just specialist roles that require training and upskilling. According to LinkedIn's 2022 Workplace Learning Report, "opportunities to learn and grow" remain the number one driver for a great workplace culture; are you providing this effectively?
Making work better for management and leadership
Training processes are usually developed by HR and L&D teams. However, line managers also have some responsibility for staff development. Managers need to be both technical experts who can troubleshoot tasks and projects, and great coaches who can identify when their direct reports need additional training support.
Modern software can make learning experiences more efficient, tailored, and closely linked with business goals. LMS software will have a management dashboard and reporting functionality that gives managers autonomy to check how well people are doing with their training, and who may need additional training to perform better in their role.
Digits LMS’ skills gap analysis tool enables managers to conduct their own skills assessments which can be viewed at a team level, so managers know what’s needed to develop their team. Assessments can also be carried out for individuals, so they can see what training they require for their current role. This can help with succession planning, to build on any skills they may need for a future role – either within their current team or elsewhere in the company.
Taking the strain off L&D teams
More people are working in a remote or hybrid way. That means your L&D team needs to make sure everyone has access to virtual training. Online training is crucial because it helps your existing employees learn new skills, and can attract top talent for future vacancies.
Young workers look for jobs that offer skills training: a 2021 survey by Gallup found that 66% of people aged 18-to-24 put ‘learning new skills’ as the third-top benefit when checking new job opportunities. That's why your L&D team should provide engaging training, ideally through an LMS platform that can be easily accessed on the go; one that can help you make custom learning plans, share training activities, and give employees and managers self-service access. You can use it to improve people's soft skills and technical knowledge, and make sure you meet compliance regulations.
LMS software can integrate with other tools, like video conferencing or collaboration functions, to make learning more fun and effective. Not only will learning objectives be reached, but your employee sentiment towards learning will be enhanced — making them want to come back for more.
L&D teams can share data with HR colleagues to find out what skills your company needs, and deliver the necessary training to fill those gaps internally. By working together, you can use your current talent pool to successfully move your organisation closer to achieving its goals without spending unnecessarily to ‘buy’ those skills through hiring.
Integrated HR and LMS software enhances communication between these teams and provides access to meaningful data. With its onboarding module and skills gap analysis tool, Digits LMS has features that span the interests of both HR and L&D functions.
Once you understand the full suite of capabilities within your LMS, you can leverage it more effectively. Book a demo of our award-winning LMS/LXP hybrid platform today for a glimpse of the features and functionalities than can benefit your people.
Next month, we’ll be sharing tips on how you can maximise end-user engagement on your LMS. Subscribe to our newsletter to make sure you don’t miss out.
That’s a wrap for Digits this month. If you enjoyed today’s L&D digest, feel free to share it with your network. Until next time.