3 Performance KPIs To Track From Your Learning Management System

By implementing a learning management system, businesses can better understand their employees’ learning styles. It makes it easier to evaluate an e-learning strategy and training strategy as a whole, and it also makes it easier to spot knowledge gaps and figure out how to fill them.

A common problem is that businesses do not know what KPIs to use to evaluate their LMS. Essentially, key performance indicators (KPIs) are quantitative metrics used to monitor the success of your business’s efforts to meet set goals. On that note, let’s look at three KPIs you should track using your learning management system.

1. Attendance & Training Completion Rate

The rate at which your employees complete their training is a crucial KPI for calculating the return on investment of your training initiative. How much training costs can be estimated by figuring out how many people have completed the program, how long it takes them on average, and how much they earn per hour.

Compliance can also be facilitated by monitoring this KPI. It is reasonable to assume that everyone who is required to attend training will do so. This key performance indicator can be measured a few days before the due date, at which point alerts can be sent to managers if their staff has not yet completed all required training.

Some learning management systems allow you to schedule automatic notifications for compliance training, which is both time-saving and effective for administrators. Businesses that provide self-paced education can greatly benefit from tracking attendance rates. Keeping tabs on attendance rates allows you to see which options are the most popular so you can tailor your training accordingly.

2. Progress Rate

The success or failure of an activity, the average score on a test, or the typical amount of time needed to complete a task are all examples of key performance indicators that businesses may use to gauge performance. For instance, learners’ poor performance on a course evaluation is a sign that the material is too difficult for them. Thus, the trainer should probably adjust the lesson plans.

Key performance indicators can also be used to spot problems. For example, if the percentage of students who pass an exam suddenly lowers, that could be a sign that something is wrong with the instruction and needs to be looked into more.

3. Job Competence

Job competency is a tool for monitoring the education and output of workers in a certain group or division. Each employee’s skills and knowledge will be tailored to their specific job responsibilities. This key performance indicator is useful for determining which departments are excelling at employee development and advancement and for pinpointing which employees may be candidates for a change in role.

LMS system for employees

Now that you’ve understood which KPIs to track using a learning management system, the next step is to find an LMS system that allows you to do that, and who is better than Atrixware’sAxis LMS for it? We are among the best companies that offer cutting-edge learning management systems for businesses. Contact us today to learn all about us.

To top