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How To Solve Training Effectiveness Problems With LMS?

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Every organization’s main aim while allocating training resources is to find ways to increase the training program’s effectiveness. A training program that is optimized to save time and effort for both the learner and the executives while delivering its learning objectives is the ideal deal.

Despite being vigilant about all the issues, many organizations find their training programs ineffective in enhancing employee performance. This usually happens due to common yet important issues with training and development.

For most issues, though, what works best is an effective LMS loaded with superior features and the latest techniques to overcome each one. The ease with which your staff can access LMS training enhances employee performance and saves time and effort.

In this article, we will be looking at common challenges that hamper the effectiveness of your training module and how an LMS can help trounce them.

 

Challenge 1: Tight Employee Schedule

Juggling between work, family life, and other responsibilities consumes most of the employees’ day. Adding to it, the pressure of training can worsen the problem even more.

 

Solution:

  • Consider communicating key concepts with attractive and exciting graphics. You can use infographics, GIFs, or short videos to catch their attention. Give them a break from reading boring text that infuses boredom in any program.
  • Include short and straightforward assessments whenever possible. This will give them a chance to evaluate their learning progress better.
  • Make the training format mobile-friendly. This allows them to learn anywhere they wish to and helps save time. It also makes the training much more convenient.
  • Use a micro-learning approach to deliver content in a crisp manner. Bite-sized chunks make the training content easier to consume.

 

Challenge 2: Geographically Dispersed Workforce

With the increase in the remote work culture, many organizations find it challenging to create a training module that can uniquely cater to each employee’s diverse needs. With a geographically dispersed workforce, chances of misunderstandings and cultural differences rise, which leads to inconsistencies in training.

 

Solution:

  • Incorporating social tools to unify the dispersed team is a great way to impart training. Video conferences, webinars, and online forums are great options to initiate communication and foster trust and empathy between team members all across the globe.
  • Set clear training goals right from the beginning. This enables the team members to know what exactly is expected of them during the training and how this module will benefit them improve their performance.

 

Challenge 3: Irrelevant Training Material

Many organizations make the mistake of making the training program too generic. The information doesn’t cater to any specific role and skills. Generic information tests the learner’s time and patience by forcing them to associate with content that simply isn’t relevant to them.

 

Solution:

  • Categorize the training material into specific and non-specific categories. Include features like gamification to let the learners engage with non-specific but essential training content. Add features like rewards, badges, and points to encourage learners to follow the training pattern efficiently.
  • Keep the training material up-to-date—update skills and information to keep the material relevant at all times.
  • Use relatable case studies and scenarios to increase engagement and relevance.

 

Challenge 4: Exorbitant Training Budgets

Conducting training is an expensive affair. From booking a venue to hiring an instructor to travel costs, it requires the organization to shed a lot of money.

 

Solution:

  • Switch to the online mode of training. You can train a large number of employees despite being on a tight budget.
  • Switch from face-to-face seminars to webinars. This will limit the travel cost and help save time as well.

 

Challenge 5: Poor Engagement

Employee engagement is crucial for any training to be a success, be it cognitive, emotional, or behavioural. Lack of engagement, passive learning, and poor knowledge retention leads to many training and development challenges.

When training feels unnecessary, engagement drops, leading to poor knowledge retention.

 

Solution:

  • Use discussion forums and create spaces for learners to engage and communicate. This encourages them to connect emotionally with other learners and thus increases engagement.
  • Use case studies, relevant scenarios, and role play to incorporate practical learning. This enhances their cognitive engagement and prevents boredom.

 

Conclusion

To create an excellent learning culture, adopting ways to make the training as engaging as possible is essential.

Investing in an LMS empowers organizations to improve training effectiveness by providing solutions to every challenge.

It will create an environment where employees will be engaged in their training and will also be up-to-date with important information, which will lead to their healthy growth, and as the employees grow, so will you.

Business

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

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TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.

Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).

SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.

The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.

WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.

SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.

SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

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Yuri Kageyama is on X:

The Canadian Press. All rights reserved.

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Trump campaign promises unlikely to harm entrepreneurship: Shopify CFO

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Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.

“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.

“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”

Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.

On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.

If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.

These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.

If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.

However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.

He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.

“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.

Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.

The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.

Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.

Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.

Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.

Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”

In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:SHOP)

The Canadian Press. All rights reserved.

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RioCan cuts nearly 10 per cent staff in efficiency push as condo market slows

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TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.

The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.

The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.

RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.

The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.

RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:REI.UN)

The Canadian Press. All rights reserved.

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