Training Your Way to Better Franchise Performance: The Benefits of Investing in LMS

0
45

Franchise operators face high hourly worker turnover rates and costly consequences from low employee engagement. A learning management system (LMS) can help streamline employee onboarding and training, the first step in building a positive and rewarding employee experience.

Franchise operators are up against many challenges in today’s economy: labor shortages, economic constraints, and high hourly worker turnover rates. The constant turnover can be an expensive proposition, with Gallup estimating that voluntary turnover costs U.S. companies more than $1 trillion annually.

How can Franchise Operators Reduce Friction — and Shrink their Tech Stacks, too?

Managers then bear the burden of hiring and training new workers for the same positions over and over again. They waste their resources on constant training duties without much return instead of improving customer service and efficiency.

There might be a new point solution readily available to help resolve this challenge, but tech stacks are already bloated enough. Having workers use yet another tool keeps them trapped in context-switching, slowing down productive work and reducing satisfaction. Not to mention, you pay the costs of more tools and lost productivity.

A longer-term solution begins by removing friction from your employee experience, which an audit of your processes can help uncover. A great place to start is the employee onboarding experience.

Use an LMS for an Onboarding Experience that Energizes your Employees

An easily accessible LMS lets you centralize all training resources and seamlessly combine learning materials with practical experience to simplify onboarding. Incorporating quizzes, exercises, and role-playing through an LMS’s interactive learning software enhances employees’ learning experience, resulting in more effective training. Managers see employees’ performances and can more accurately identify where specific coaching or training would help the most. According to a survey by BambooHR, employees who experience effective onboarding feel up to 18 times more committed to their workplace, meaning you can realize a return on this investment quickly.

To Know More, Visit @ https://hrtechcube.com/better-franchise-performance-the-benefits-of-investing-in-lms/

Discover HRTech Interview with Paul Lewis - https://hrtechcube.com/hrtech-interview-with-paul-lewis/ 

Buscar
Categorías
Read More
Other
Interior decorating tips
Looking to revitalise your living space? Look no further than Alex's Home Ideas for expert...
By Office Webmaster315 2023-07-26 04:31:13 0 305
Other
Black Aces Tactical Pro Series S Handgun
Though it looks like a shotgun and operates like one, it's not a shotgun. It's a pistol, and what...
By PTP Gun 2022-08-26 11:13:43 0 32
Other
Concierge Medicine Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2030
The report Concierge Medicine provides valuable insights to the stakeholders, investors, product...
By Apeksha Patil 2023-03-31 06:25:27 0 38
Other
Dental Crowns and Bridges Market Trends, Growth, Challenges, Investment Opportunities forecast to 2032
The Dental Crowns and Bridges Market Report can be studied by many industry players who want to...
By Alex Ruegg 2023-04-14 08:22:32 0 26
Food
Soy Derivatives Market Size, Share and Trends Analysis Report 2028
Soy Derivatives Market Overview: Soy derivatives are products sourced from raw soybeans. These...
By Cassie Tyler 2023-07-24 07:05:50 0 125