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Discover what an LMS is, the history of the LMS and what an LMS is used for.
LMS stands for Learning Management System.
An LMS is a central platform for organisations to share learning resources, measure compliance training and train their employees. There is no standardised feature set that defines an LMS, but all of them deal with the digital training of an organisation's people. Some companies build their own LMS, but more often than not, an LMS (or a number of licences to use an LMS) is purchased from a third party B2B SaaS vendor.
Learning Management Systems have a long history, with electronic training systems first appearing in the 1960s with the introduction of the PLATO computer instruction system. Since then, learning technology has expanded to encompass more and more of the learning process, including skills tracking, user generated learning content, mentorship and learning goals.
Prices of LMS typically vary depending on how many users you have that need to use it. A lot of providers won’t provide pricing up front to you without you booking a demo of the product but you can check out THRIVE’s pricing here.
Typically, you will have to book a demo of the product through a LMS vendor's website to see the platform for yourself and then you can ask them questions about how their product can solve your problems. You can also attend a variety of events to compare vendors in one place.
Most organisations require that their new employees are onboarded properly and have completely certain training, which means most organisations would benefit from an LMS. The question is more what kind of LMS do you need? Each organisation has different requirements for their training so make sure you clearly outline your needs and match these needs to a platform vendor.
When selecting an LMS, look at the clients the vendor currently works with and the feature set they offer, and compare that to the problems you have identified with workplace training in your organisation. An LMS should exist to solve a problem, rather than as a mandatory subscription, so make sure your partnership with a vendor is centred around problem solving
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