5+ Price Models of an LMS 2019

LMS-SIMtekLearning

License: instead of paying per user, this LMS pricing plan implies a license fee. Generally, an annual fee that must be renewed annually or an initial fee that grants unlimited access for life. However, as technology advances, you will probably have to buy replacement software in the near future.

Subscription: A subscription fee generally gives you access to all LMS features, or is based on a per-user payment model. This pricing model involves a fee for each user or active user. In some cases, the LMS provider offers different price levels. For example, the rate covers up to 25 active students. This is a great solution for smaller organizations that want to minimize the costs of online training, but still, want to be able to scale the Learning Management System as their company expands.

LMS-SIMtekLearning
SIMTek Learning – LMS Software

Freemium: these LMS platforms are free for basic functions, but a fee is charged for more advanced functions, such as add-ons or updates. For example, a more complete online learning assessment engine or advanced reports.

Follow up with an LMS

Companies that rely on data understand that a key advantage of any software is to provide metrics, allowing to measure productivity and progress, as well as obtaining perspectives on performance. The software for online training is no exception.

An LMS can help you follow up on various learning activities. The metrics for formal learning and reports include:

  • Completion of courses
  • Course registration dates
  • The last access per user
  • Total time invested in courses and learning plans
  • Active courses
  • Results of exams and evaluations
  • Classroom sessions led by instructors
  • Data of electronic commerce transactions
  • Learning plan reports
  • User activity reports
  • Audit Trail Reports
  • Gamification reports (eg badges and contests)
  • Certification reports
  • Reports of external training activities
  • Custom reports based on unique learning needs
  • Your LMS should also provide metrics in informal learning activities. With Docebo, for example, social learning activities can also be tracked based on activities in our Coach & Share app

Some examples include:

  • Reports on peer review activities
  • Reports in activity per channel
  • The “I like” and “I do not like” in each answer
  • The top 4 experts based on the quality of their answers
  • Faster answers by experts
  • Responses marked “best response”
  • Rating of content contributors (content generated by users)
  • Shared content activity
  • Content views
  • Taking advantage of the data and measuring the learning

Your LMS can track all the metrics in the world, but it will not make any difference if no perspective can be obtained from this data and if no action will improve your training programs.

One of the most practical applications of the metrics of an LMS is to understand the skills and abilities of the users. A student can complete an assessment analysis that will determine where they need more skills and abilities, which are necessary to perform their work in a better way. Once the employer has filled these knowledge gaps, these data can be used to customize a learning plan for the student, which will help increase their skills, skills and ultimately, their work performance.

The metrics obtained from learning technology can also help draw the connection between how learning impacts the performance of the company.

Regularly the reports that show the learning metrics can help to understand the effectiveness of their e-learning courses and the level of commitment of their students. Future advances in technology for learning will allow these metrics to provide more valuable insights and increase business performance.

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