SuccessFactors, the global leader in Business Execution software solutions, recently released two white papers to discuss Learning Management Systems and social tools, and how these can help improve workforce performance and achieve business objectives.
The first white paper, The ROI of a New Learning Management System (LMS): How to Construct a Successful Business Case, discusses the ROI (Return on Investment) of implementing a new Learning Management System.
As it can be a challenge to get the go-ahead on a talent management investment, the paper identifies six key elements needed to make a strong business case: present hard cost savings; estimate top-line revenue benefits; calculate initial ROI; point out strategic benefits; highlight individual benefits, and include real world examples.
According to the white paper, the key is to construct a business case that presents the LMS not as an IT expenditure but as a proven tool for achieving measurable ROI and attaining strategic business objectives.
The second white paper, Improving Employee Productivity with Social Tools, focuses on improving employee productivity with social tools. The paper identifies the advantages of the tech-savvy generation occupying an ever greater percentage of the workforce. Their acceptance of new social tools and techniques presents a unique opportunity to implement Learning Management solutions that increase workforce productivity and company profitability.
SuccessFactors offers a Learning Management System as part of its Business Execution (BizX) Suite. The learning platform allows organisations to deploy a comprehensive learning strategy that includes instructor led training, eLearning, virtual learning, exams, certifications, and extended learning.
The system makes it easier for employees to stay up to speed on best practices, industry certification, and compliance. Its innovative social learning functionality enables a blend of formal and informal learning opportunities to supercharge individual and organisational performance.
To learn more about Learning Management Solutions and to download the white papers, click here.