7 reasons why you need an LMS for onboarding

While bringing in top-notch talent is crucial for your business’s progress, having a solid and adaptable onboarding system holds even more importance. Effective onboarding plays a pivotal role in retaining the exceptional employees you’ve put so much effort into acquiring.

Companies with a good way of bringing in new team members can make 83% of them stick around and make them 69% more productive. On the flip side, if the process could be better, people might leave quickly or not feel very excited about the job. Surprisingly, a study found that about half of the new people want to quit not long after they start because the starting experience could be better.

It can be a problem because finding and training new people often costs money. But here’s where a unique learning tool called an Employee Onboarding LMS can help. It doesn’t just make starting smooth but also does more helpful things. Let’s look at the top 7 reasons you should consider using an LMS for onboarding.

What is an LMS for onboarding?

Have you ever heard of an onboarding LMS? It’s like digital helper businesses use to make excellent online learning. Imagine using it to create a super fun and helpful way to welcome new team members. It helps them get used to the company vibes, their tasks, and any essential rules.

This LMS onboarding can be your secret weapon. It’s not just for starting, though. You can also use it later for more learning, like standard training or yearly rule checks. Once you have this tool, teaching and learning become a breeze, making everyone thoughtful about their jobs.

7 reasons why you must have an LMS for onboarding

Getting new employees off to a great start matters a lot. It’s like giving them the right tools for success. Besides filling the gap in their skills, onboarding programs also help employers do well.

1. 1. Minimize Training Expenditure

   Using a Learning Management System (LMS) to onboard employees is a significant perk: it significantly cuts training expenses. In 2021, bringing a new employee on board costs about $1,070 on average. By employing an LMS, this cost can be notably lowered. Instead of expensive in-person sessions, an LMS uses a single centralized platform to deliver virtual training. This approach greatly reduces onboarding costs. Plus, it makes learning more captivating and focused. Employees can learn at their speed, revisit materials in the LMS, and do it all from their home’s comfort.

2. 2. Adopt a Standardized Training Method

   While onboarding is less expensive than in-person methods, it still requires investment. Some businesses may be tempted to handle it themselves, leading to fragmented efforts and confusion. It often overwhelms HR, managers, and new hires. Inconsistent onboarding, with varying content, hurts the training’s effectiveness. It can leave new hires lost, causing disengagement. Standardizing training via an LMS avoids issues like inconsistent starting points, skill gaps, and content expenses. It ensures uniform training, boosts loyalty, productivity, and reduces business risks.

3. 3. Create an Enjoyable Onboarding Experience

   An LMS can make onboarding exciting and interactive, unlike many traditional methods. It offers engaging features like games, quizzes, and puzzles that get learners actively involved, boosting information retention. Virtual classrooms can further enhance learning by encouraging collaboration and problem-solving. Leaderboards and awards motivate learners. With an onboarding LMS, you can create an engaging training experience through interactive games and incentives, which are harder to achieve in person. This approach not only makes knowledge better but also makes the process enjoyable and exciting.

4. 4. Enhance Efficiency and Employee Retention

   An LMS is an efficient way to train your entire workforce consistently. It ensures everyone gets strong onboarding experience, setting them up for success. Good training keeps employees engaged, boosting retention and productivity. Ineffective training can lead to dissatisfaction and early departures, while solid onboarding keeps employees around for years. Onboarding also speeds up job proficiency, with onboarded hires becoming skilled four months faster. It creates a lasting positive view of the company and pays off over time.

5. 5. Establish a Unique Feedback Loop Based on Data

   Onboarding without centralization or relying solely on in-person methods lacks robust feedback mechanisms. While surveys can provide some insights, they’re limited. LMS facilitate onboarding and training and offer real-time data on learners. An LMS continuously collects data, enabling you to enhance training’s effectiveness and identify skill gaps. Some LMSs even provide detailed insights into where learners struggle. These insights improve onboarding and boost ROI, making the LMS a valuable tool for enhancing employee experiences and business outcomes.

6. 6. Monitor the Progress of Your Onboarding Process

   Imagine using a unique tool called an LMS to monitor how well new employees learn during their onboarding. This tool helps see if they’re finishing training tasks like modules, quizzes, and tests. By checking this, you can determine where things are going well and where they might need improvement. It’s like having a map to ensure everyone is on the right track and learning what they need. This way, you can improve the training and ensure everyone starts their job.

7. 7. Evaluate the Return on Investment of Your Onboarding Plan

   Using an LMS can assist you in figuring out if your onboarding plan is worth the effort and money. You can do this by monitoring how long employees stick around, how much work they do, and how happy customers are. This info helps you see if the LMS investment is paying off and if your onboarding is helpful. It’s like checking if the money and time you put into onboarding are making your business better. If not, you can make changes to make things work smoother.

Boost New Hire Performance throughout Onboarding process with Paradiso LMS

Welcome your newest team members with a strong start and maintain everyone’s skills using the Paradiso LMS. Transition to online training for employee onboarding and make it a crucial part of your training plan. Our platform provides learning plans, personalized dashboards, and insightful reports, supporting learners and making training administrators’ tasks smoother.

Paradiso’s onboarding LMS allows administrators to automate enrollments, design engaging courses, swiftly update training, and use detailed data to enhance the program’s effectiveness. With an array of interactive features like gamification, over 40 plug-and-play game elements, leaderboards, and virtual classrooms, employees will grasp information more effectively and enjoy learning.

It ensures a smooth journey for both learners and administrators, fostering skill development, boosting engagement, and maximizing the benefits of the training investment.