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:
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.
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:
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.