How to Choose The Best LMS for Corporate Training

Corporate training has always been in high demand because of the many ways it benefits the organization. A Learning Management system used for corporate training is not a new phenomenon but they have only recently witnessed a drastic hike in popularity, especially in the aftermath of the pandemic. Before we discuss how to choose the best LMS for corporate training, let us discuss why companies started going for Learning Management Systems in the first place.

Since offshore employees and remote work became the norm, more and more organizations started investing in automating the training process. This is when LMS systems started gaining popularity because they visibly made a difference in the organizations. Employees remained motivated and efficiency not only showed in the work but was also reflected in the company’s ROI. Since we have agreed on its importance, let us now look at how we can choose and arrive at the best LMS for corporate training for your organization.

Key Questions You Should be Asking Yourself Before Choosing the Best LMS for Corporate Training For Your Organization

1. Are there any LMSes available in the market that cater to your requirements?
2. What exactly is the subject you want to give training on and what is the extent and scope of the training?
3. What features do you need in your online Learning Management System and training platform?
4. Are the kind of training programs you are looking for doing well in the market?
5. What are your goals with regards to this LMS?
6. What will be the reach of your program?
7. Do you have any compliance requirements?
8. What is the current knowledge level of your employees?
9. Do your requirements allow you to customize an existing LMS or do you need to build one from scratch? Does your budget allow you to do that?
10. What is a good Learning Management System according to you?

These are all very important considerations in the form of questions that you and your team need to discuss and answer. This is before you start researching custom eLearning development companies and looking for the best LMS within your budget. Once you have these questions answered, you can then look into choosing a suitable LMS for your needs.

The success of your organization depends on how your employees are trained to comply with laws that pertain to you. If that is true for you, then you need nothing less than the best LMS for corporate training. However, everyone’s definition of best may be different. Here is what we think of the features that come in an excellent LMS that actually drives business to success.

The Best LMS for Corporate Training Should Have the Following Traits

Customizable Branding

As a business, you want the LMS to represent your business. Hence, you would want it to look like it represents your business instead of a random plug-and-play system. The ideal LMS should be customizable and flexible enough to allow changes in management, subject matter, branding, and settings. It should allow you to own the LMS and tailor it to your company branding and requirements. 

Increased Engagement & Personalized Learning

An ideal LMS should be able to offer personalized learning to your employees. This is important because every employee cannot be expected to have the same knowledge. They can have development needs at different levels. Standardized courses and tests limit the potential of those employees who can learn more at a faster rate. Likewise, courses should be engaging so that the employees remain engaged and also retain the knowledge they have absorbed. 

Responsive Application Available on All Smart Devices

Employees today want to be able to learn at their own convenience which includes time as well as place. They don’t want to be restricted to learning on a desktop or a laptop and want their course available to them on their mobile phones. An ideal LMS would be responsive and easily accessible for the employees in just a few taps. 

Extensions & Integrations

Your LMS should have all the necessary features that can drive engagement and lead to success. They should have all the relevant extensions and integrations that can enhance corporate training and lead to increased productivity. This can include third-party marketing features, gamification, authoring tools, video conferencing, webinar hosting tools, and much more. 

eCommerce Support

This is an important factor and every organization looking for an LMS should look into eCommerce options. Your solution should provide the opportunity for organizations to market and sell the training courses if the need arises. This way, you can scale your solution and maximize your reach by targeting newer audiences and learners. 

Reporting & Analytics

The best LMS for corporate training would have a dedicated reporting and analytics dashboard. This helps measure and track the progress of the learners accurately. It also helps gauge whether the learning resources are effective and if there are any areas that may need improvement. Advanced individualized reporting also highlights the areas employees are lacking while doing the course, so they can catch up.

By now, after answering all the questions, and checking if your idea of the best LMS for corporate training aligns with ours, you should be knowing your requirements and have hopefully set your priorities. Basically, you know exactly what it is you want from your Learning Management Solution. This makes it easier to look for the “best” LMS because you know what you are looking for! 

5 Steps to Help You Choose the Best LMS for Corporate Training

1. Lay down your requirements clearly and present them to your eLearning support team so that everyone involved can see and agree on the basics. Ensure that everyone is on the same page.
2. Perform the relevant market research to look for well-performing corporate eLearning solutions that are currently being used by organizations and are getting positive reviews.
3. Evaluate the options that you come up with during your research. Analyze the solutions thoroughly and see if they align with the features you require.
4. By now you should have narrowed down your list to three or four LMS systems. You can contact them, talk to them and discuss any customizations you think you need.
5. Finally, you can choose the LMS that fits your requirements as well as your budget out of the ones you finalized. 

There you have it. Choosing an LMS shouldn’t be a spontaneous decision. This is because it is only viable if it adds value to your business and helps you achieve your learning goals. If you’re looking for the best LMS for corporate training, you are essentially looking for the best custom LMS development company that can either build you your very own LMS or customize an existing solution to align perfectly with your requirements. Folio3 is one such software development company that allows you to experience the amalgamation of technology, innovation, and design, to bring you engaging and innovative eLearning solutions.