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Online Employee Training: Employers Improve Efficiency with LMS Software

Online Employee Training: Employers Improve Efficiency with LMS SoftwareOnline employee training is of growing importance to healthcare companies seeking to gain an advantage among their competitors. Why? Proper employee training can have a significant impact on organizational goals:

  • Efficient online employee training can be a pathway to a more productive workforce, encouraging strong, sustainable and balanced growth among an organization.
  • Efficient online training increases the performance of individuals, groups and teams, leading to higher levels of employee satisfaction and retention rates.
  • Efficient online training boosts financial gains by enhancing a company’s image and status.

Research on Employee Training Programs

Software Advice recently conducted research on employee training programs, which involved 2 separate surveys: one of prospective buyers and one of human resource (HR) professionals. According to their research, companies are seeking greater efficiency over their current training programs by utilizing an LMS (learning management system).

The research findings revealed:

  • 80 percent of employers are considering using LMS software for the first time.
  • 59 percent of those sampled still rely on antiquated manual methods, such as paper documents, in-person trainings (classroom instructor) and general-purpose software (Microsoft Excel, PowerPoint, etc.) to administer and track employee training.
  • Some employers have HR software in place, but they do not use the software for employee training. For example, one employer in the group mentioned using a human resources information system (HRIS) for general HR purposes, but still manually tracked instructor-led trainings.
  • Only 20 percent of employers currently use commercial LMS software.

 

Current Training Methods

Current Training Methods

“Although the employers are in different stages of adopting technology for their HR and training needs, each could still benefit from having a single, unified system where content creation, training administration, tracking and reporting can happen simultaneously.” –Software Advice

Learn More  What is LMS Software?

Is LMS Software for Big Business Only?

Many employers are still using “old” employee training techniques because they believe LMS software is only efficient for large corporations. While it is true that large companies reap significant rewards from using an LMS, according to the research, smaller companies can benefit, too. 63 percent of current LMS users work for companies with 500 or less employees, with the largest percentage of respondents (20 percent) from businesses with 51 to 100 employees.

LMS Users’ Company Size by Number of Employees

LMS Users’ Company Size by Number of Employees

Repeat LMS Buyers Seek More Functionality, New Buyers Seek Efficiency

Employers that already have an LMS, but are seeking a new platform, most often desired new software with more functionality:

  • ability to upload and store training content (61 percent)
  • ability to track training (45 percent)
  • reporting capabilities (45 percent)

 

Top Reasons for Evaluating New LMS Software

Top Reasons for Evaluating New LMS Software

Employers who are seeking to invest in LMS software for the first time desired:

  • improved training efficiency (27 percent)
  • improved organization (25 percent)
  • improved tracking of training information (24 percent)

 

Top-Requested LMS Software Functionality

Current Training MethodsLMS Software Impacts Organization of Training Content and Efficiency

The research findings demonstrate that a staggering 99% of employers who currently use an LMS for online employee training believe that their LMS positively impacts training efficiency, job performance, employee retention or engagement.

“For potential buyers, this suggests that the purchase of an LMS solution has the potential to be a worthwhile investment that yields similarly positive results. Top benefits of LMS software include more organized and consistent delivery of training material, which can lead to improved job performance, better retention of data and increased employee engagement.” – Software Advice

What about your company?

Are you still relying on non-technological means or basic software to create content, administer training and track results? If you are, ask the following questions:

  • How efficiently are your managers tracking employee training?
  • Are your employees satisfied with the training they receive?
  • Do your employees feel empowered to do their job well?
  • What is your turnover rate?
  • What is your cost of recruitment?
  • What is the cost of your current training program?

“Quantifying the return on investment in employee training can be a difficult task, but advanced metrics from LMS platforms on course completion, information retention and effect on job performance give users better insight into how effective their training programs really are. Once companies implement effective employee training, the benefits to engagement and the bottom line will likely follow.” – Software Advice

As with any tool, LMS software must be carefully selected and implemented to yield positive results. CEU360’s LMS is uniquely designed to accommodate the training needs of healthcare organizations:

  • Branded University. CEU360 design experts can quickly brand your learning management system complete with your logo, custom URL, and custom login page to ensure your employees have a seamless experience.
  • Custom Content Creation. CEU360 can create new training and educational content for your organization with a matter of days (not months or even weeks) which means you don’t have to wait to provide company messaging and training materials to your employees.
  • Utilization Tracking & Reporting. CEU360’s customized reports ensure you are able to track usage and compliance on your terms. 

With minimal training to use and deploy, the CEU360 LMS is a simple choice that fulfills your education and training needs.

References:

[1] Westfall, B. (2015, May 8). Learning Management Systems BuyerView. Retrieved from http://www.softwareadvice.com/hr/buyerview/lms-report-2015/

[2] O’Loughlin, E. (2015, February 17). Learning Management Systems | UserView 2015. Retrieved from http://www.softwareadvice.com/hr/userview/lms-report-2015/


The Financial Value of Professional Education

If the cost of professional education and employee training programs causes you to cringe – you’re not alone. Employee training or professional education programs can be costly, but investing in high quality training and professional education doesn’t have to break the bank, and it is one of the smartest decisions you can make. Corporate professional education programs can provide recruitment advantages, reduce turnover, and reduce operating costs.

Recruitment Advantage? Check!

With an average of 33.6% increase in job growth over the next 10 years expected among therapy professionals, it will be imperative for employers to remain competitive to attract and retain therapy professionals.

Over the next few years providing professional education will become less of a differentiator than a requirement among healthcare providers looking to be competitive and increase employee retention, so it becomes necessary that your educational program be flexible to accomodate specialized training and professional education. In order to maintain your differentiator it will be necessary to both partner with a leading provider of continuing and professional education, and to be capable to develop your own company training. The CEU360.com program allows for both through our available robust continuing education catalog, and our ability to rapidly create 100% white label, customized course materials for your university or professional development program.

Less Turnover? Yep!

Providing engaging and effective training to produce a well trained team will make a happier team. According to a 2010 Louis Harris and Associates poll, only 12% of employees with access to excellent training programs planned to leave, opposed to 41% whose employer provided poor training opportunities. So, better training results in a two-thirds higher retention rate!

In today’s age with more information coming at our employees than ever before, it is almost impossible to expect employees to learn by osmosis, without structured learning tools; the information onslaught is just too overwhelming. Creating a structured, measurable employee professional education program provides employees the tools they need to learn, and be content in growing within their current company rather than seeking greener pastures. And, as we saw earlier, once we’ve attained those coveted therapy professionals, we need to keep them learning to keep them happy, and engaged.

Decrease Costs? We can help with that.

For the healthcare world, proper training is non-negotiable. Continuing education is a mandated requirement for most healthcare professionals, and with ever changing complex documentation and reporting guidelines, proper on-the-job training can mean the difference in profitability. Highly trained, focused employees produce greater results, and are less likely to make costly mistakes. New hires experience a shorter ramp-up time if they are properly trained from the get-go, rather than trained “on-the-floor”, and well trained employees tend to be more engaged and stick around for the long haul, reducing turnover expense.

Professional development, continuing education, and company training can save many headaches within your team, and CEU360.com can help you accomplish your educational goals. With a straight forward pricing model that includes no startup costs, no maintenance fees, and no capital expense, CEU360.com is an affordable way to engage your team, and provide an appealing recruiting advantage.  CEU360.com provides over 400 hours of continuing education for Physical Therapy, Occupational Therapy, Speech-Language Pathology, Athletic Training, and Massage Therapy professionals, and has the technology to rapidly produce new content for your specific needs. Contact us today to learn how you can get started on the path to a more engaged workforce!

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