2. A study conducted by Ken Research as
revealed that the corporate sector will
contribute the highest revenue share to
the overall e-Learning industry in South
Africa by year end 2023.
The research further states that due to
the growing demand for online courses,
the adoption of Learning Management
Systems (LMSs) by companies across
various sectors will also increase.
It has been anticipated that the share of
LMS will reach over 55.0% by the year
2023.
Introduction
3. Often called an LMS for short, a Learning
Management System is a platform that
provides the framework to handle all
aspects of the learning process –
administration, documentation,
tracking, reporting and delivery of
training programs.
LMSs specifically manage training and
educational records, distributing online
or blended online courses over the
Internet with features for online
collaboration. You name it, and an LMS
can do it.
What is an LMS?1
4. Designed to make life easier for those in
charge of training and development, a
comprehensive LMS can do everything
from identifying and assessing individual
and organisational learning goals, to
tracking progress toward meeting those
goals and collecting and presenting data
for supervising the learning process.
In addition to delivering content, an LMS
can also handle such things as
registering for courses, course
administration and skills gap analysis. In
today’s fast-paced environment, there is
no time to duplicate efforts. Who wants
to mess with multiple systems,
passwords and formats?
What is an LMS?1
5. If you’re still wondering what a Learning
Management System is and why you
should have one, let’s discuss the
benefits.
The LMS market has been on fire and
that mainly is a result of the increased
adoption of e-learning, a strong
emphasis on continuous learning,
accountability and the trend of
employing cloud technology to
streamline the learning process.
Benefits2
6. A few benefits to consider:
Administration: Easily manage and
administer the learning function
including classroom, enrollments, course
catalog, instructors and more.
Facilitate learning: Facilitate, manage,
and build all e-Learning programs and
courses.
Company wide solution: An LMS can be
used throughout the entire company,
rather than only for the learning/training
department.
Benefits2
7. A few benefits to consider:
24/7 Access: Most LMSs are Web or
cloud-based applications that allow
access to e-Learning and training courses
anywhere, anytime.
Consistency of training: Training and
course delivery via an LMS is consistent
since it is centralised. It delivers a
consistent training and learning quality
to all employees by supplying a single
source for content, course materials and
instructions.
Benefits2
8. Tracking and reporting: LMSs allow the
company to easily generate training
reports on an overall or user/student
level basis. By utilising an LMS for e-
Learning courses and/or online training,
trainers can easily track goal progress,
knowledge gains, ROI and more.
Meet regulatory compliance: Many
industries may be required to train,
assess and report for compliance
purposes. Just a few of these industries
are oil and gas, pharmaceuticals,
communications, and building and
construction. An LMS can help you
satisfy these legal and regulatory
requirements.
Benefits2
9. Cost savings: Training and teaching via
an LMS reduces employee travel,
optimises training expenditure and
usage, and minimises facilities and
instructors to pay. From the cost savings
aspect, an LMS is a no-brainer.
Generally, Learning Management
Systems have many more capabilities
than these listed. However, these are the
most popular selling points and the top
identifiers to whether or not you and
your organisation can benefit from an
LMS.
Benefits2
10. What is a the Return on Investment?
If you’re not sold yet on why you should
invest in a Learning Management
System, let’s discuss the numbers.
Simple as it may be, the numbers don’t
lie!
Return on investment3
11. Take a look at this example:
Let’s say that your company sends a
group of 40 employees to a one-day
training conference.
40 people @ R2000 = R80 000
Course development = R15 000
Trainer cost = R30 000
Equipment = R4 000
A total of R129 000
Return on investment3
12. With an LMS and e-learning, this same
training can be completed in ½ day with
a cost savings as follows:
LMS Monthly Subscription = R1200
(40 users, unlimited courses)
Course development = R30 000
Trainer cost = R0
Equipment = R0
A total of R31 200
Just this small change in process saved
R97 800 or 75% percent.
Return on investment3
13. While this is a very simplified example,
there are a multitude of ways to figure
out return on investment of a Learning
Management System including lower
administrative costs, reduced travel and
facility costs, faster time-to-proficiency,
less financial risk associated with
compliance and decreased employee
turnover to name a few.
There you have it. You can now officially
scratch off “What is a Learning
Management System?” from your to-do
list.
Return on investment3
14. Not only do you know what it is but also
the benefits to your company along with
important return on investment
information. As to the “why do I need an
LMS?” ask yourself these questions:
Q: Does information in my company
change faster than I can communicate
it?
Q: Do I need to reach people in the next
cubicle and a world away?
Q: Do I “grade” assessments by hand or
physically issue completion certificates?
Q: Do I have minimal time, a small staff
or limited budget for creating online
learning?
Do I need it?4
15. If the answer is yes, consider learning
more about how Accelerate Solutions
can help you save time and money by
using an LMS.
For a free demo account contact us
today.
a
Do I need it?4
https://acceleratesolutions.co.za/
tanya.botha@acceleratesolutions.co.za
Tel: 012 492 6934
Cell: 079 951 7046
