Learning management system value compounds over time

 
CANBERRA, Australia - March 30, 2022 - PRLog -- Department leads will always think in monetary terms when it comes to procuring new software for their organisation. But with the humble learning management system, this isn't always clear cut. In fact, what matters more is the value and surreptitious returns that affect employees, productivity and results. That's why when it comes to procurement, building consensus amongst a buying group is key to ensuring everyone sees the big picture. The latest article from the Acorn subject matter experts seeks to delve into just that.

Consensus rests on providing answers that satisfy the concerns and questions each member of a buying group will have. Ultimately, the buying group want to know what the potential LMS in question will do for them and why they need it now. While features vary from system to system, the right LMS gives organisations the tools to ensure their employees have the capabilities needed at any given time.

Cost is a huge factor and given how pricey enterprise-wide software is, it's a fair concern. According to Gallup's Employee Experience Framework, the highest drivers of productivity (and by association profitability) are engagement, performance and development. An LMS can not only improve all 3 of these aspects, but the entire strategic workforce planning cycle.

When trying to convey value, talk about the problems an LMS can solve that would otherwise go unmitigated. The value of an LMS investment compounds over time - meaning that while benefits may seem small at first, they grow bigger and stronger as the system becomes more integrated into organisational culture.

"The initial cost of learning management software is miniscule compared to the very tangible business benefits it provides," said Blake Proberts (Co-Founder & Managing Director). "Plugging capability gaps, automating training, centralising workforce data and nurturing talent pipelines all add up to a more competitive market standing."

A valuable tool to help sure up buying group consensus is the LMS request for proposal, or RFP. This document gives all departments a chance to raise their issues and flag needs. Not only does it help create a clear internal understanding of the system, but it also ensures vendors share the same understanding, too.

You can read the Acorn experts' article about building LMS budgets on their Acorn Resources blog: https://hubs.ly/Q015-PQY0

Pursuit Technology is a SaaS development company that seeks to streamline systems through innovative solutions and unlock the potential of the workforce. Pursuit is all about putting the customer at the centre of everything we create. Since the inception of our Acorn LMS seven years ago, we've worked with everyone from local businesses to federal government agencies.

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Tags:L&D Budget
Industry:Human resources
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