Benefits Of Moving To A Knowledge Management-Based Training System

Knowledge Management-Based Training System

Every organization, be it big or small, will depend on information sharing. Effective knowledge management is vital whether it is between HR managers and employees or CEOs and employees. Today, organizations spend a huge amount of money, time and resources on training their employees. According to Statista, organizations spend around $1,308 per employee for learning and skill development every year.

With this huge amount of money, time and resources invested, it is crucial that organizations can make the most out of it. And here is where a knowledge-based system comes into play. Knowledge management is not all about gathering and storing information in one place. Instead, it is all about capturing, distributing, and protecting intellectual capital in a way that helps encourage knowledge-sharing, employee collaboration, and implementing an effective training program.

If you are wondering why you should shift to a knowledge-management system for employee training, you are at the right place. In this guide, we will discuss the benefits of the knowledge platform training system.

Why should you move to a knowledge-management system for employee training?

Increased productivity: Using the knowledge platform, you can encourage teams to share information across the organization, which will further help you enhance your productivity level and promote company culture. Instead of keeping knowledge hidden, you should focus on building corporate training courses or step-by-step guides to educate your employees. Not only will this promote transparency but also positively impact your productivity. 

Improved employee satisfaction: Gathering feedback about the new training system is essential to understand the employee experience and identify the areas of improvement. Using a knowledge-based system, you can identify which part of the employee training program is executing well and what needs some alterations. In addition, you can use this tool to get feedback from your staff and ask them what improvements or upgrades they need in their training program. It will not only enhance employee engagement but also boost employee satisfaction.

Keep track of learning and skill development training programs: Since knowledge management platforms are cloud-based centralized systems, all the training information is consolidated, managed, and tracked through one location. As a result, it makes it easier to manage and keep track of the team’s personal development, regardless of the location of the employees. 

Reduces cost and saves time: The cost of employee training via classroom-based in-person training method can be high as you have to incur the traveling and accommodation expenses, course fee, and employees spending time away from their desks. However, with the online training, your employees can access the tutorial videos at any time, regardless of their location. Therefore, it will not only save a lot of money but also save a lot of time.

The Bottom Line

Gone are the days when companies followed classroom-based training methods to train their employees. Thanks to the cloud-based technology that has made online training possible nowadays. Today, modern intranet platforms either have built-in knowledge-based systems or can easily integrate with external software. No matter what option you choose, utilizing intranet-based training will benefit your organization in several ways and enable more effective training.