When you’re searching for ways to improve your people management processes, you’ll likely come across two of the most common acronyms: LMS, for learning management system and TMS, for talent management system.
So what are they and how can they help you with people management?
What is a learning management system (LMS)?
A LMS is a software package that helps organisations:
- Track employee development or training programs
These systems use digital methods with video tutorials and cloud-based documentation to allow courses to be accessed and completed from wherever a person has an online connection.
These methods can be used to:
- Enhance skills
- Develop knowledge
- Communicate safety guidance
- Share compliance policies
A LMS will typically provide a library of resources that can be used to build tailored courses.
Due to the changing nature of remote-working teams, these systems are key to effective human capital management. Organisations can develop and train a hybrid workforce without the need for on-location face to face sessions.
Learning management systems can be used as stand-alone solutions. In addition, they are often used as part of broader talent management systems.
Essentially, you can have a LMS as a stand-alone solution or it can be part of a broader TMS solution.
So how do you choose?
A key aspect of deciding which system your business needs starts by identifying what problems your business may be experiencing. For example, a problem you might be facing is an unmotivated workforce which could lead to poor performance and productivity. Or it may be a case of an unskilled, untrained workforce, which again might be having a serious impact on your businesses output.
What problems does LMS solve?
Within a LMS, you often find eLearning courses. This is online learning that helps employees gain a greater understanding of their jobs. And it can be accessed remotely so employees can use the system regardless of location. This helps to improve the everyday work life of both your employees and the organisation and increases the productivity of your business.
In addition, a LMS also helps resolve the following issues:
Lack of compliance
Organisations can deliver and track safety and compliance-related training across a hybrid workforce. It provides a digital stamp of where and when training is received by automatically recording course delivery and completion.
The system provides a fast and cost-effective way to build courses with an established library of resources. Previously, companies would have to create training and learning materials from scratch. This required considerable time, resources, and costly expertise.
As an organisation grows it becomes harder for HR to keep track of training and courses completed across a workforce. A LMS allows this to be centrally tracked with real-time data and integrated reporting tools. With more organisations adopting hybrid workforces, the traditional ‘classroom’ approach to learning management becomes increasingly difficult. The online delivery of learning via a LMS accommodates a flexible or hybrid operation.
What is a talent management system (TMS)?
A TMS covers a wider scope than a LMS. As mentioned, a LMS might be a function within your TMS. It is designed to recruit, develop, retain and generally manage talent within an organisation.
The four most common areas covered are:
- Recruitment and onboarding
- Performance management
- Learning and development
- Reward management
The general aim of a talent management system is to recruit, manage and develop employees in a way that fits an organisation’s goals. It provides ways to track performance and match skill sets to required roles.
An effective TMS will help bring clarity to work processes – allowing people to understand their roles and responsibilities while providing the incentives to boost productivity and engagement.
How does a TMS help people management?
Talent management systems cover a wider area than that of a learning management system. For example, a TMS may include: expense management, performance management and employee onboarding.
These provide your business with valuable tools that will help improve the overall running of your business due to the automation and simplicity of the software.
These systems provide an invaluable tool that help businesses retain their top talent.
A TMS has all the employee information on one platform. Managers are able to track employee performance, ultimately to see if employees are on the right path or if they may need further development in some aspects of the job in the aim of increasing job retention through tailored employee development.
But, if an employee were to leave, a TMS also assists managers in finding an internal replacement. Promoting people from working and saving the resources to find a skilled external hire.
Why would you need a TMS?
Improving performance is difficult without an effective way to track or monitor it. It allows goals to be set and progress tracked, helping to boost motivation and productivity. It also helps clarify expectations of an employee, giving them a clear understanding of what is expected in their role.
A talent management system helps to prevent frustrations caused by an inconsistent approach to employees by creating a fair, accurate and consistent method to track performance. It also provides the data needed to fairly assess employee performance.
The experience of a new hire as they enter an organisation plays a vital role in their future relationship with the employer. A TMS allows the new starter experience to be fast, positive and engaging – reducing dropout and staff turnover.
The ability of a talent management system is to set goals and rewards and to promote peer-to-peer recognition. This can transform the culture of an organisation – creating an environment that represents your ethos and goals.
To find out how ELMO can support your people with learning and talent management, contact us here: