Learning management system: an effective way to impart knowledge
A learning management system, or an LMS, combines a system for managing complex databases with user friendly framework for managing curriculum and training material. It also includes a tool for effective evaluation and feedback requirements of a learning process. So, it handles all aspects of learning. It is an application package which offers the combined benefits of both – an e-learning platform and robust software to manage the related managerial- administrative work. A learning management system is employed to deliver online learning and training to employees, students, clients etc. But most usually, these are used to impart corporate trainings and e- learning courses.
An LMS facilitates learning and is an effective way to share knowledge and impart skill through the online learning method. It gives an unmatched accessibility and flexibility to its users. It overcomes the limitations of time and location. It makes available resources to one and all. A good LMS satisfies the requirement of knowledge, management and performance evaluation system in a one of a kind application which is specific to a certain technology or field of expertise. For example, there are separate LMS for the diverse needs of banking, software engineering, company management, recruitment, performance evaluation and appraisal or company accounting etc.
A learning management system has a number of benefits. It is an affordable method of training and presents economies of scale. It significantly reduces training and material costs. Its contents can be easily re-organized and used again and again. The curriculum and training material is easy to update and maintain. Since, it is all computerized; it is free of chances of human error. Apart from a base for knowledge sharing, it is an effective means for employee performance evaluation and appraisal helps in finding fields which require skill development, allows better management of competencies, eases in report making and record keeping. It motivates and encourages users to give out their best performance. In short, it has the following benefits:
- Correct valuation for skill gap analysis
*Cost Effective way to impart knowledge
- Easily adapting to changes in curriculum
- Effective means for performance evaluation and appraisal
- Helps in skill development and competency management
- More accurate, free of human errors
- Reduces manual work for report making and record keeping
- Reusing materials over time
The LMS employs interactive and personalized learning techniques. It results in a better understanding of concepts. The users can assess their needs and requirements for an all round development. Those who wish to continue their education or gain an expertise in a particular field; the LMS provides them with such a facility. A great feature provided by these systems is that they are very convenient to use. These easily integrate with the existing ERP, HRMS, or CRM of the organization. The LMS is usually, available as the on premise software which is locally deployed and installed at the site of the customer. It is also available as either an exclusive, private cloud service or a shared cloud with multi-tenant, Software as a Service (SaaS) deployment. An LMS offers ample of opportunities and facilities and must be selected with careful thought.