An LMS provides learners with seamless access to courses and materials. Everything is stored online in one place where they can access it anytime from any location on their computer or mobile device. They will be able to complete their training more efficiently, giving them more time to focus on their work tasks. Administrators also spend less time managing and delivering training compared to in-person sessions. There is less paperwork involved and there is no need to manually comb through files and documents to collect and compute information.

With a suitable LMS, you can reduce your training costs. On-site training may require costly items such as instructors, travel, accommodations, venues, food expenses, and printed materials. These can add up significantly and eat into your L&D budget. Online training eliminates these expenses as a user only needs their computer or mobile device to undergo training. It also saves training managers time and effort from having to plan and manage all of the logistics.

Employee turnover is very costly and businesses fail to value the importance of retaining their staff. Employees will be more likely to stay with the company if they perform well in their roles and have access to professional development opportunities. Businesses should think that searching for new talent, onboarding new employees, and replacing those who have left can add up significantly but when you provide adequate training to the team, employee training retention increases.

You need to understand the running costs of an LMS to properly demonstrate accurate ROI. As mentioned earlier, cloud-based LMS systems offer a cost-effective solution. Organizations do not need to worry about installation, maintenance, and data storage costs. The only costs you need to consider are ongoing subscription costs which are predictable.