Last Updated on May 20, 2021 by MoneyVisual
What is the Training Management System?
The TMS can be defined as a software, which is the epicenter point of your entire employee and staff training process. The training software helps you with the administration and tracking of the entire operations led by the instructor.
A dedicated training management system helps better development of departments and people at the business. The software is often confused with LMS (Learning management system).
Understanding the Training Management System (TMS) vs Learning Management System (LMS)
A training management system primarily focuses on training and development for the organization back processes. It takes care of employee on-boarding, creating back-end reports, scheduling courses, etc. it basically provides back-office learning.
Whereas, LMS (Learning management system) is meant for front office operations. The roadmap and objectives are dedicated to the learners with the tailored learning experience. It includes an online course/ learning plan, execution, and assessment. Tracking and evaluating student performance automatically is the objective of an LMS system.
Thus, the difference explained!
Why Should a Business Invest in Online Training Management System?
Now, you must be wondering about the monetary and operational benefits of a Training management system. Why would a business choose to invest in online TMS?
The purpose to invest in a training management system includes:
- Tracks training records for management
- Streamlined on-boarding process
- Monitoring training cycle
- Easy reporting
- Flexible training with online solution
- Centralized hub for all learning
- Effective training management
- Employee experience
And much more…
Here are the 5 (Un-Sung) Benefits of a New-Age Training Management System-
Tracking Training Procedure
The tracking system of an online training management system ensures the well-functioning of the training process. Regular tracking of the training lets you know the loopholes and major areas to be attended.
The system also ensures that every task done abides the company regulation and laws. Training management tracker brings the overdue and upcoming tasks under your consideration. It lets you not miss any important schedule or training process.
The system therefore makes monitoring and reporting of deliverables easier for the responsible.
Streamlines Sales’ Cycle
A new-age training management system is well-equipped of providing better insights and track of onboarding and training process and their impact on financial terms of business. Better operational efficiency, regular insights, informative reports, etc. makes the process streamlined.
The data recovered from the system can later be evaluated and used for forecasting finances, ROI, and sales requirements. This makes the sales department efficient as well.
The overall training management system provides such an infrastructure and valuable system-generated data based on several parameters that upon integration with the CRM tool, the sales department is the one who is benefited the most. The TMS system alone provides a centralized platform for all data preventing you to wander here and there.
Customizable training management system holds the ability to function along with the learning management system and CRM
Tamed Training Costs
Time, resources, and money put into training is huge. Putting a lot of money into hiring, on-boarding, and training and later losing the candidate mid-way due to reasons like inefficient old-school training procedure, long process, etc.
Automated training management system along with integrated recruitment management system makes the entire employee cycle easier and swift. Employee experience is what it guarantees. Automatic template generation, interview scheduling, recruitment tracking, on-boarding, training scheduler, and evaluation are all managed by the software alone.
It also, save your expenses from third party tools and hiring/ training costs.
Dedicated training management system helps you cultivate better employee relations with effective and seamless communication based on real data. The effectiveness it provides through streamlined activities and easy accessibility to data and tracker, loyalty and transparency is created.
Employee engagement is one important in the early phases of employee management. With right tools and effective training software, employees ought to have better relations with the management and business.
Studies have already proven that more than half of the onboarded candidates leave within 2 months of joining due to bad onboarding experience and learning opportunities. New age TMS system eliminates such instances.
in the past, training management would look like a series of manual steps designed to complete the onboarding and training of employees. the problem arises with the traditional training management system was being ineffective. Ineffective in terms of efforts and money put behind and results from we would get.
Modern training management involves a major stake of a software. This involves just one-time minimal investment and benefits thereby.
The online training system brings in total revamp of the entire process and outcome of in-house learning. A truly dedicated training management system can improve your tracking ability and evaluation along with compliance management. The online system allows the admin and instructor to function on the go. Desk presence all the time is no more a need.
With better work culture and productive workforce in house, what else would a busines need? Learn the above-mentioned benefits of TMS and make a decision today!
That’s al in the subject. Hope it helps!
Ritik Singh writes about HR (Human Resource) software, cloud, and enterprise technology. A dynamic content writer who writes for Pocket HRMS, a leading provider of cloud-based HR software with inbuilt AI-powered HR Chatbot (smHRty) to small and mid-sized businesses across India.