The pace of technological developments over the last decade has had a major impact on organizations of different sizes across different industries. From manufacturing companies to retail and service based firms, businesses are consistently required to upgrade their methods and processes in order to remain competitive.
This requires continual knowledge and skill upgradation in the workforce as well. Studies show that inadequately trained employees are costing businesses in the U.S 300 to 500 billion dollars every year.
Cloud-based corporate learning management systems (LMS) provide organizations with a modern and cost-effective way to train and upgrade their employee skill sets. This is why the corporate LMS industry is growing at a rapid rate and major technology firms are building LMS apps that can fulfill the training and development needs of modern day corporations.
Here’s a list of some of the most versatile corporate learning management systems that you can start using right now.
Mindflash is one of the leading cloud-based corporate LMS applications. It allows you to create courses, as one-off sessions or a series of modules, designed to complement each other. The students (or employees) enrolled in a course can access the content anywhere by logging into their accounts from desktop or mobile devices.
The course instructor gets detailed performance reports for each student which allows him to see exactly where a particular student is struggling and how his performance can be improved.
It also allows employers to identify the existing skill gaps in their workforce and create content that covers it effectively.
If you already have training content developed in MS Word, PowerPoint or PDF files, you can simply upload it to your Mindflash account to create an online course.
Standard features such as learning path, course grouping, and tracking how much time it takes to complete a course are available for 799$ /month (up to 500 trainers and 10 admins).
To be able to select the LMS language, import SCORM content, sell courses, use custom branding and domain, account access controls and phone support, you can choose the Pro plan for $ 1599/month (up to 1000 trainers and 50 admins).
All this makes Mindflash an ideal solution for large and medium business.
2. iSpring Learn
iSpring Learn LMS is one of the most feature-rich and versatile cloud-based learning management systems for small and medium sized companies. It’s a complete learning system, with more than 160,000 active users, where instructors can easily create and distribute course content, monitor student performance from a central dashboard, and collaborate with them through group or individual chat sessions.
iSpring Learn has a distinct advantage over other LMS applications because of its fully integrated powerful authoring tool and detailed custom reports. Employers can use these reports to identify exactly where a particular employee is lacking in terms of skills and knowledge.
iSpring allows you to use existing Word, PowerPoint or Audio/Video files, to create new courses and content. It can also be accessed from its iPhone and Android apps where students can download the course content, complete it offline and sync it with their accounts once back online.
iSpring Learn LMS has flexible pricing plans. All features of the LMS are available regardless of the plan you choose, which makes this LMS perfect for small and medium business. Besides, iSpring can provide you with a custom solution according to your specific business needs.
Saba has one of the oldest corporate learning management systems that has been around since the early 90’s. But it has evolved into a modern LMS app that offers a wide range of enterprise learning and training features to its clients. It’s a complete talent management solution that has a number of products in addition to its LMS.
Its learning management system gives you the ability to create virtual classrooms with your company branding, and recruit students based on your organization’s skill gap analysis.
It also includes eCommerce features that allow you to sell courses, plus its social features allow easy group discussions among instructors and students. Courses can also be embedded on other platforms to increase visibility and exposure.
Saba offers both pre-designed and custom pricing plans based on the customer’s needs. However, since it has several other features in addition its LMS, Sab is more suited to large organizations with bigger hierarchies.
IMC is a powerful and flexible training management and learning delivery solution that is not only easy to use but also provides real efficiencies across all forms of training and development for your business or organization.
It is ideal for experienced HR managers and training specialists, at large corporations, looking for a smart system to provide a comprehensive and detailed picture of development processes in their companies.
IMC is a scalable and flexible solution for companies regardless of their industry. You can easily shape this LMS completely in line with your individual requirements and needs.
It allows you to integrate your existing training material with the system and make it a part of you broader training curriculum. Plus, it offers collaboration features that make it easy for students to extract maximum learning from their instructors.
5. Torch LMS
Torch LMS is a modern learning management system with an attractive and easy to use interface. It has all the necessary features required for an effective corporate learning management system.
It is focused on managing workplace learning and development, and offers extensive dashboards and reporting tools that make it easy for learners, managers, and training administrators to take action.
Since Torch LMS is a cloud-based application, it can be accessed from anywhere on desktop or mobile devices.
Bridge is a powerful cloud-based learning management system that is perfect for identifying employee skills gaps, creating interactive web-based course and delivering them to individuals or groups of students.
One of the most impressive thigs about Bridge LMS is its simplicity and ease of use. You can practically start creating and publishing courses in a matter of minutes.
It also provides detailed dashboards with data and trends about student performance and course effectiveness.
Bridge also offers a content marketplace from where organizations can purchase ready to use courses on different topics. This saves precious time and resources and allows companies to kick off employee training straight away.
Litmos is another modern and feature-rich learning management system that allows businesses to link their learning content with their long-term objectives.
Litmos offers the standard course creation, distribution and monitoring features, and can also be integrated Salesforce, along with a wide range of third-party apps.
Instructors can use Litmos to create their own classrooms or one-to-one training sessions with selected students. It can also be accessed from its iPhone and Android Apps.
The free version doesn’t have any limits on the number of users or courses. But its only valid for 14 days so that might not be enough time to create, run and evaluate a course. But overall, Litmos is certainly a powerful solution for SMBs and corporations alike.
Corporations around the globe are rapidly adopting enterprise-level learning management systems to keep their workforce at par with the latest technological trends. The LMS applications I’ve discussed in this post provide you a good starting point when choosing one for your company. However, each of them have their own unique advantages and disadvantages in terms of pricing and usability. Therefore you need to evaluate them carefully before making a choice.Business & Finance Articles on Business 2 Community