Halfway through 2015, the learning management system (LMS) software market isn’t showing any signs of slowing down. While this growth is great for vendors, it can be intimidating for first-time buyers.
Once only within the reach of large corporations, there is now a variety of affordable LMS options available to businesses of all sizes—and as a result, there are many factors buyers need to consider before purchasing.
Software Advice has also been busy in 2015, researching LMS software buyers and users to discover trends about their desired functionality, pain points and more. Drawing from a number of our recent primary-research reports, here are the top five LMS stats companies should keep in mind when making a purchase decision this year:
#1: Nearly one-third of LMS users say integration is their top challenge.
Buyers currently in the market for a new LMS should have the integration conversation before purchasing, since 32 percent of users we studied experience challenges with this part of the process.
From LMS UserView 2015
Otherwise, you could end up with an unwelcome headache before the first user even logs on.
#2: Less than 5 percent of buyers request mobile, social or gamification, even though these software capabilities engage learners.
It’s easy to get stuck in an HR bubble and only consider systems that will improve training administration for you and your team. But remember: It’s your organization’s employees that will be the primary users of this system.
With user adoption reported as another challenge by 21 percent of companies with LMS software in place, it’s important to consider functionality that will not only make your department’s job easier, but also engage employees and improve their experience when using the system.
After all, the numerous benefits of well-engaged employees—increased productivity and decreased turnover chief among them—can’t be ignored.
From LMS Features That Drive Employee Engagement
#3: 73 percent of LMS users employ both self-created and third-party training content—a mix that’s also most effective in helping employees retain information.
LMS software cannot be effective without quality training content—so buyers should discuss with vendors where this content will come from.
For example, if you lack the resources to create standard training courses, seek LMS products that come with premade, third-party content. Such courses, usually pertaining to government or industry regulations, can be extremely helpful when you have a compliance need to meet.
Source: In-House vs. Third-Party Content: Which Is Best for Your LMS?
The bottom line? Tailor your system to your content needs, not the other way around.
#4: 99 percent of users say LMS software positively impacts content organization and training efficiency.
Having trouble convincing upper management that the LMS investment is worth it? Users say this type of software has an overwhelmingly positive impact on training effectiveness, standardization, job performance and more.
In fact, almost every user we surveyed in the above-cited report says the software improves organization and makes training more efficient. Take these stats to your boss as evidence of the positive return on investment LMSs can bring.
And that leads us to our final stat …
#5: 90 percent of users expect to spend the same or more on LMS software this year, as compared to last year.
Whether you’re training new employees to comply with OSHA requirements or looking to foster an ongoing, at-will worker development program, training is a necessary and vital component for modern businesses to compete in the face of shrinking talent pools and growing skills gaps.
LMS software represents a means for not only organizing corporate training, but making it more engaging, comprehensive and flexible. What’s more, these systems provide data and insight on what’s working and what isn’t in your organization.
Our final tip: Don’t worry about buyer’s remorse. The fact that 90 percent of users expect to spend the same or more on LMS software this year as compared to what they spent last year is a strong indicator that you’ll enjoy your purchase, as well.