An LMS can help businesses: Reduce learning and development costs Cut down training/on boarding time for employees, customers, and partners Accommodate multiple learning audiences Centralize e-learning resources Easy adaptation and re-use of learning materials over time Maintain compliance Track learner progress Onboard partners and resellers to improve their ability to sell Retain customers by ensuring they use their products and services effectively Measure how learning impacts organizational performance More choices for curriculum creators (i.e., methods of delivery, design of materials, evaluation techniques) Economies of scale that make it cost efficient for organizations to develop and maintain learning content (instead of relying on third party providers)
An LMS can help learners: Increase knowledge retention Stay on top of required training Engage with formal and informal learning best practices Acquire skills and knowledge required for career advancement Improve performance Empowered to embrace self-improvement with necessary and useful tools to do so
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