Getting buy-in for an LMS means finding these metrics to link tech to business impact
For example, It may seem clear why cost, time and quality are important, but how can organizations ensure their solutions are improving in these areas? Well, Brandon Hall Group took a comprehensive look at this in their recently released report, Building the Business Case for Learning Technologies.
4 key metrics with eLearning business impacts
Let’s take a look at four metrics and associated ideas we can use to correlate technology and learning and development metrics. Although these metrics are the most common learning and development metrics, some may not be critical to every company. Organizations should define the metrics they want to track in advance and determine how to communicate these metrics with key stakeholders.
- Cost: As a metric it is used to measure the reduction of costs associated with learning. In terms of the benefit of technology in this regard, businesses save costs by eliminating paper-based systems and reducing fees related to maintenance, implementation, and upgrades.
- Time: Learning technology saves time, for one, by making it a lot easier for learners to access learning when and where they need it. Also, with the right LMS companies can reduce the friction of learning and making it easier — and thereby faster — for the learner.
- Employee Engagement: With a seamless eLearning system, learners get to see the innovation from a learning experience that is fresh, simple, painless, and intuitive. Also, when LMSs provide digital collaboration and communication opportunities, learners become more engaged.
- Time to Effectiveness: Learning technology also has the capability of reducing the onboarding process and, as a result, getting employees to take on more responsibility in a shorter amount of time by aligning the technology and learner experience to the individual user.
These are not all the metrics needed for a good LMS buy-in strategy, but they’re a start. For a more complete picture, download Building the Business Case for Learning Technologies by Brandon Hall Group today.
Download this free Brandon Hall Group report today and learn the metrics you need to build buy-in for your eLearning solution.