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Choosing LMS Vendor: strategies

Apr 23, 2021

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There is no dearth of Learning Management Systems and their vendors in the market. The problem lies in choosing the one which is the best fit for you. The key to doing the same lies in formulating the right strategies.

  1. Questions posed by the LMS-


The first strategy that can be adopted by the user by taking into account current issues being faced in the case of existing LMS, which you want to be resolved with the next Learning Management System.

The goal of this exercise is to ascertain the capabilities of LMS that you require. This can be done by asking relevant questions such as Do you want your employees to have continuous access to all training or only specific training is required. This training is required to have new leads or retain old customers.

  1. Life cycle phase affected by the LMS-


The second strategy that can be employed is to decide the life cycle phase that you are choosing to be affected by the LMS. Do you want the intended training to work as a retention tool or do you want LMS to speed up the onboarding process.

  1. LMS success-


The next strategy can be to look and decide for the criteria to measure LMS success. Do you need better employee retention or higher onboarding or do you want to generate new leads. You will consider the LMS to be successful when these criteria of your performance will be fulfilled.

  1. Features needed-


The next strategy that can be employed is to take into account the features that you need in your future LMS. a thorough review of the said features, as to which ones you really need and which ones you only want. Funneling out the features that you absolutely need can help you make the decision.

  1. Technical expertise of available staff-


The next strategy that can be used is to take into account the technical expertise of the available staff and the level of support they will need and you have to demand from the LMS vendor. Things like, if they can download the required software themselves or if they need round-the-clock support.

  1. ROI metrics-


Rate of return on investment mapping is also a popular strategy that can be used to decide on the new LMS. Do you want better employee retention or better operations or you are looking for higher revenues. What result do you want out of using the new LMS must be amply clear.

  1. Pricing-


Like any other decision, buying a new LMS is a cost-based decision. What is the amount of money you are willing to spend on the new Employee Training Software. And are you getting the worth of money you are spending on the LMS. These are important questions that need to be answered in this context.

All the above-mentioned strategies can be employed individually or even better in combination. For example, What is the technical expertise of my staff and will they be able to handle the new LMS properly can be used in combination with pricing concerns to reach the consensus where LMS requires very little technical knowledge from employees to set up but at the same time little training is imparted and round the clock technical support is available to them.

Other combinations can be features needed and pricing factors.

LMS such as Lessonly, has amazing features and can give good ROI to the user. The above strategies can be used for better decision-making.

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