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Employee training software designed to train internal employees on ongoing, role specific, professional development and your company policies and regulations.

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4 Reasons Why Employee Training and Development Is Important

A recent Deloitte report indicates that 90% of employees surveyed agreed or strongly agreed that training and development programs improved their job performance.

Corporate professional development programs are one of the most effective tools to boost employee skills. The corporate scene has witnessed a drastic change in recent times. Today, companies are competing against one another to capture the attention of their customers.

For an organization to stand out from the competition and to be successful, it is extremely important to focus on its employee training and development to gain an edge over the competition. It’s the workforce that makes any company function smoothly. Read on to find out more about employee training and professional development benefits.

Enhanced Employee Retention

One of the biggest merits of an effective employee training and development program is improved employee retention. Talent acquisition is a challenging process and hiring the right people for the job is difficult. Lack of skills to perform a job is a significant reason behind high employee turnover.

Moreover, retaining existing employees is cost-effective when compared with hiring and training new recruits. It takes a long time and effort for the new recruits to replace and match the previous employees’ professional development skills.

It’s possible to influence and motivate employees to stay in the company by harnessing and improving their skills and talent. Skilled and highly engaged employees are less likely to leave a company for another job. 

According to a 2019 survey, 70% of employees say they are at least somewhat likely to leave a current employer and take a new role with an employer that invests in training and development. Therefore, employees with high job satisfaction and commitment are easy to retain. This workforce improvement and engagement benefits an organization’s overall profit.

Better Employee Empowerment

According to research by LinkedIn Learning, leaders who inspire and ignite people’s imaginations, and mobilize them with a compelling vision are more impactful than managers who simply focus on the bottom line. 

The facts from the research indicate that managers should focus on employee skills enhancement through training programs. The right behavior from the managers will improve the emotional commitment of employees leading them to care about the work they do for the company. Employee empowerment should also allow employees to make decisions related to their job.

Training Future Leaders

One of the most significant professional development benefits is that it helps create corporate leaders of the future. Current employees in a middle-level role can be groomed to take on a leadership role in the future with the right training tools.

Promoting a current employee for a future leadership role is a good decision with several benefits. An employee who has spent time in the company is aware of the needs and requirements of the business processes and, therefore, such an employee can play a vital role in motivating other employees.

Boost Employee Engagement

According to Towers Perrin’s research, companies with engaged workers have 6% higher net profit margins. Employee engagement is essential to keep workers motivated. A motivated employee is more likely to perform better at work than a dissatisfied employee.

Companies should reevaluate professional development programs and include activities that enhance employee engagement at the workplace. Start by assessing the skills and abilities within a team. It enables managers to strategically plan targeted development programs to overcome the skills gap in teams.

Bottom line

Employee training and development together with a broad onboarding process will ensure that the goals and objectives of the workforce are coherent with the vision and mission of the business.

Training should be tailored to every employee’s individual needs and job description. Companies can incorporate digital training and onboarding tools such as a learning management system (LMS) like SkyPrep to assist employees in understanding what is expected of them. A clear description of goals and objectives is key to a successful business and a satisfied workforce. 

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How to use an LMS to train your employees remotely during COVID-19

Due to COVID-19, more and more organizations are embracing work from home policies.  While having a remote team offers several benefits such as reduced travel time and cost, it becomes challenging for companies to manage remote workers and to ensure that everybody is on the same page. 

With a dispersed and remote workforce, it’s difficult to deliver vital training and resources employees need to succeed in their roles. Due to lack of face-to-face interaction and opportunity to participate in real-time learning from other employees, your workers might feel isolated.  

So, is there any way you can keep your remote employees engaged and continue learning while working in different locations? 

This is where a learning management system (LMS) comes in. With the proper LMS, you’ll be able to keep your team in the know and well trained, regardless of where they are.

In this article, you’ll learn how using an LMS for your company can help you train and engage your remote employees.

Managing Remote Training Using An LMS

With the number of COVID-19 cases increasing steadily, many businesses have adopted remote working in an attempt to practice social distancing. Here are the different ways in which an LMS can facilitate remote employee training.

1. Increased Accessibility

A learning management system provides learners easy access to the training material whenever they need it. Learners can log into their platform and access courses from any location, at any time. 

Unlike class-based training, eLearning reduces the learning time to a great extent as employees don’t have to leave their place to attend a training session. And as the whole process is automated, the courses can be finished swiftly.

2. Enhanced Learner Engagement

Using an LMS, you can create an interactive and engaging learning experience via integrated web-conferencing tools. You can share your video, audio, slides, and desktop with your team, and learners can engage by participating in forums and ask questions in real-time.

An LMS helps the learners to come together instantly for live sessions. Self-paced courses can be learned without the supervision of instructors. However, if a few courses are difficult to grasp, you can also arrange live interactions with instructors. 

During these interactive live sessions, learners can take notes within the LMS. Also, the in-built chat feature allows employees to communicate and interact with their trainers and peers.

3. Increased Flexibility

Using an LMS provides greater flexibility to your employees as they can learn at their convenience. Employees can choose the learning material that is suitable for their learning style, and this kind of flexibility provides a personalized learning experience. They can access training content from any device and at any time, depending on their schedule.

4. Decreased Training Costs

You can reduce costs associated with traditional in-person training. Having your training and materials online provides an efficient and cost-effective approach of managing and delivering your training program. 

You don’t need any special infrastructure or hire a subject matter expert every time you need to deliver training. Using an LMS, you can create an online course once and reuse the content in other courses whenever needed.

5. Robust Reporting

You can use an LMS to stay on top of your remote team’s training progress through pre-built and customized reports. You can leverage important KPIs like course completion rates and grades to identify knowledge gaps and ensure your learners are receiving the best training possible.

6. Decreased Employee Turnover

Many employees want their employers to provide Learning and Development (L&D) opportunities to improve their skills. In fact, the lack of L&D opportunities is one of the main reasons why employees quit their jobs. eLearning provides a comfortable learning experience to your employees, helping them improve their skills and work better. 

Plus, showing an employee that the company is invested in their growth allows them to see a potential future with the organization and provide a sense of future job security. Without these efforts, your company will continue to lose good employees to competitors.

7. Streamlined Assessment Process

A substantial amount of time and money goes into developing an online course. So, it is essential to ensure that the learners get the most out of your courses. 

With an LMS, quizzes and assignments can be uploaded online and the course instructors can identify easily if the learners have understood the course. Plus, it also saves a considerable amount of time by simplifying the assessment and evaluation process via automation. 

8. Two-Way Feedback

Feedback plays a huge role in improving the efficiency of your training program. The learners require constructive feedback from their instructors and managers to develop their skills better. 

Also, the learners can provide their feedback about the course and the instructor, which improves the efficiency of the training program. The feedback from the learners can also be used to personalize a course according to their preference.

Wrap Up

The COVID-19 pandemic is having a serious impact on how and where employees work and train. An LMS streamlines the learning process for your business and helps you manage training sessions efficiently even when your employees work remotely. Employee morale and satisfaction are also improved when employees are given the opportunity to develop their skills.