How Can an LMS Platform Reduce Employee Turnover?

When there’s no access to learning resources, employee engagement falls off and employee turnover rises

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How Can an LMS Platform Reduce Employee Turnover?

The vast majority of employees throughout the U.S. want to do well at their jobs. More importantly, many want to improve the range of their skills and abilities in order to rise in the ranks and become even better at what they do.

Unfortunately, in too many American businesses, employees lack formalized avenues to achieve this goal. When there’s little or no access to learning resources, employee engagement falls off and employee turnover rises.

That’s when business owners and managers often take notice. A drop in employee retention comes with some potentially severe consequences, including:

  • A significant drop in productivity (fewer employees to do their jobs).
  • Workforce overload (employees who stay on often are forced to assume ever-greater degrees of responsibility, contributing to their eventual lack of engagement).
  • The time and expense associated with hiring replacements (including multiple job interviews, new hire orientation and onboarding, difficulties with new employees “getting up to speed,” etc.).

How does this happen with such frequency? In many cases, the types of learning and development training offered simply don’t hit the mark. Training sessions often are boring and have no effect on employees. Funds spent on employee development thus are wasted, and employee retention suffers.

How using an LMS makes a difference

Businesses that invest in a learning management system (LMS) often see a far different — and more favorable — outcome. A learning management system is designed to equip employees with the skills and knowledge required to make advances both within their specific jobs and within the organization.

Using an LMS platform achieves multiple objectives, including the critically important goal of reducing turnover, by:

  • Ensuring that every employee has the opportunity to benefit from organized and easily accessible training and development.
  • Increasing motivation by removing obstacles to training, such as being in remote geographic locations, a loss of time spent in travel, lodging, etc.
  • Boosting engagement by instilling greater self-confidence and a willingness to take on more responsibilities.

An LMS offers accessibility, versatility

An LMS works because all relevant training information is stored on the LMS cloud, and employees can access these training resources 24/7 from any type of electronic device. As a digital training center, an LMS lets the trainee learn at his or her own pace, while also freeing up busy managers to tend to more important tasks.

Employees also use materials that are easily (and inexpensively) updated. The learning experience itself — through the use of videos, games, interactive slide presentations and so on — also is more enjoyable, which helps employees retain the knowledge they’ve gained.

From there, employees feel more empowered. In many cases, they will develop a stronger loyalty to an organization that offers such resources. This form of learning is key in reducing employee turnover and benefiting businesses in the long run.

ShareKnowledge is dedicated to making corporate e-learning more compelling, efficient and affordable. Contact us today to learn more about how our learning management system can help you achieve your corporate training objectives.

Key Consideration:
Talent Development

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