Most Useful Learning Management Systems For Measuring The ROI Of Training
Measuring ROI for training is extremely important. Not only will it give you buy-in, but you will masterfully manage to help your business grow through learning.
But, first things first: what is ROI?
Return (Benefit) / Investment (Cost) = ROI
However, that's a simplistic answer.
There are many parameters you have to take into consideration when trying to figure out what's actually under the umbrella term "Return On Investment." The way you calculate the payback period is certainly going to work better if you use long-term metrics. For example, it's important to know how much staff retention levels have improved. Or it might be key to keep note if there's a reduction in healthcare costs among staff. So, it's best to keep track of training ROI annually and for a long period of time. At the end of the day, you want an LMS for measuring training ROI effectively. Especially if you care to see whether your trainees manage to gain new knowledge and skills. Them getting the best out of their training will help increase efficiency. In addition, you might also manage to reduce costs in the workplace.
It's vital to be able to measure the cost of each training program, not only against the benefits of the individuals but of the organization as well. And finding the right LMS for measuring training ROI is something you need in your arsenal.
Check out eLearning Industry's list of the top LMS software for measuring ROI for training:
- Test out LMS tools within a reasonable training budget
- Compare training solutions based on analytics and AI
- Examine must-have LMS features to measure training ROI
- Evaluate learning platforms and explore reviews on User Experience
- Choose the best LMS tool to achieve business goals
Best LMS Tools To Measure ROI For Training
If your company is listed among the Top LMS Software for Measuring Training ROI, feel free to add this badge to your website.
360Learning, the AI-powered collaborative learning platform, drives business impact and maximizes ROI. Empowering L&D teams to identify skills gaps, capture expert knowledge, and deliver timely learning experiences.
Maximize your L&D ROI for measurable impact. Book a demo today!
For 360Learning reviews, make sure to visit our directory.
Highlights
- Powerful Automation
- Expert-Led Training
- Robust Reporting
Highlights
- Powerful Automation
Orchestrate compliance training end-to-end, with automated enrollment, reminder notifications, certificate expiration alerts, and comprehensive audit-proof reporting.
- Expert-Led Training
Scale content creation by collaborating with internal SMEs to share knowledge and create relevant, impactful training.
- Robust Reporting
Create customizable, real-time dashboards that provide insights on groups, users, courses, and more to track progress and optimize training effectiveness.
Plans And Pricing
Their flexible pricing ensures organizations of all sizes can maximize their ROI with 360Learning. Choose between pay-per-license or active user models to ensure you only pay for what you need.
Learning Manager is an AI-based gamified learning platform that integrates with core organizational systems and offers more than 300 reports to measure ROI.
Learn why Fortune 500 firms prefer to use Learning Manager to power up enterprise learning.
Remember to go through the submitted Adobe Learning Manager reviews for more info on the UX.
Highlights
- 300 Reports
- Enterprise Integrations
- Engagement Reports
Highlights
- 300 Reports
Learning Manager offers 300+ custom reporting options with automated reporting in place. This allows administrators to identify learning behavior and learner progress vis-a-vis their objectives.
- Enterprise Integrations
Several out-of-the-box integrations with Power BI, SFDC, AEM Sites, and others give Learning Manager an edge in capturing and visualizing reports from multiple sources.
- Engagement Reports
Engagement reports for gamification and social learning help identify the engagement scores of learners and conduct necessary interventions.
Plans And Pricing
Proven technology to identify and calculate training ROI for multiple use cases. Visit their website to learn more about the pricing options.
iSpring Solutions is a global eLearning expert and technology provider. Since 2001, they've empowered over 61,000 clients in 170+ countries to deliver engaging, measurable, and results-driven learning experiences.
Learn more about how iSpring Learn helps companies deliver learning that always pays off.
For more on using the platform, make sure to explore iSpring Learn reviews in our directory.
Highlights
- Incredible Value At A Reasonable Price
- Comprehensive Analytics With Essential Integrations
- A Clear Impact On Workplace Performance
Highlights
- Incredible Value At A Reasonable Price
With iSpring Learn, you get a self-sufficient LMS that includes an authoring tool, a knowledge base, and a complete corporate portal for your employees.
- Comprehensive Analytics With Essential Integrations
Track training from every angle with over 25 real-time reports and connect learning data to business metrics in HRIS, CRM, and analytics tools.
- A Clear Impact On Workplace Performance
See how learning progress translates into measurable results with unique LMS modules like on-the-job training and 360° performance reviews.
Plans And Pricing
iSpring Learn offers flexible pricing to fit different organizations' needs, ranging from $3.75 to $6.64 per user/month, depending on the number of active users. Billed annually. A free trial is also available.
TalentLMS delivers powerful training without the heavy price tag. 70,000+ teams trust it to launch training two times faster, track impact with real-time reports, and connect learning to business results—all with no surprise costs.
Launch two times faster, track ROI in real-time, and pay only for what you need.
Get started free with TalentLMS—no credit card required.
Don't forget to read the submitted TalentLMS reviews before you make your decision.
Highlights
- Launch Two Times Faster, See ROI Sooner
- Track Training ROI In Real Time
- Gain Deeper Insights With Smart Integrations
Highlights
- Launch Two Times Faster, See ROI Sooner
TalentLMS launches twice as fast as the industry average, so you can start training, tracking, and driving results—without delays.
- Track Training ROI In Real Time
Monitor the full picture of your training ROI with custom reports and real-time dashboards—so you always have the insights to prove and improve training effectiveness.
- Gain Deeper Insights With Smart Integrations
Integrate with Salesforce or Zapier to connect training with the reporting tools that matter to you most.
Plans And Pricing
Start free, no credit card needed. With clear, upfront pricing and no hidden fees, you'll know exactly what you're paying for. TalentLMS scales with your needs and gives you access to ROI-driven training tools—without surprises.
Are you ready to create better learning experiences with ELB Learning? Rockstar Learning Platform is a tool that empowers you to assess learners and prove proficiency fast. This is a comprehensive product suite for those who want to achieve training goals. Their services are exceptional and include an LMS offering.
Get a free account or schedule a demo at elblearning.com.
Read Rockstar Learning Platform reviews in our directory.
Highlights
- Measure
- Microlearning Module Builder
- Easy Management
Highlights
- Measure
Test for proficiency with in-line questioning, surveys, and more. Track performance and give credit for activities. Choose from multiple reporting options; export data for further analysis.
- Microlearning Module Builder
Developing employees and offering product training is easier than ever. Plus, you can create microlearning on the fly! All done right inside the platform.
- Easy Management
Your learners can enjoy training via desktops, tablets, and mobile devices. Publish as you please and automate enrollments. You can even set recurring training! No more missed dates for compliance and certifications. Single sign-on is available, too.
Plans And Pricing
You can scale the Rockstar Learning Platform and make it accommodate organizations of any size. Even for large enterprises, you'll have no problem training your teams globally. What I like about its pricing plans is the fact that it is based on learner and admin count. And, if you want more, you can upgrade it with authoring tools, courseware, and data migration.
Absorb LMS facilitates learning as a core process across your organization, operationalizing upskilling initiatives, boosting retention and productivity, while supporting new growth opportunities with external learners.
Take measurement beyond spreadsheet metrics. Find out your learning impact results with the Absorb LMS ROI calculator.
For more info on the platform, make sure to read the submitted Absorb LMS reviews in our directory.
Highlights
- Integrated Data
- Personalized Learning Paths
- Interactive Learning
Highlights
- Integrated Data
Measure the wider impact of learning by combining it with business data. Instead of course completions, tie efforts to results like improved retention or increased product usage.
- Personalized Learning Paths
Outline areas of strength and opportunity for development based on business needs and use AI to enable learners to upskill based on their own learning preferences.
- Interactive Learning
Collaborative learning platforms build dynamic communities; aiding knowledge sharing, hands-on experience and increasing engagement. Improved engagement increases bottom-line revenue!
Plans And Pricing
When you choose an AI-powered LMS that scales with you, you'll avoid unnecessary costs with tailored plans based on learner numbers, training needs, and features requirements. With Absorb LMS, you'll also gain a learning partner that offers unrivaled support.
GoSkills is an all-in-one learning platform that helps teams build job-ready skills and equips L&D leaders to prove impact. From performance dashboards to granular training data, it connects learning outcomes to business goals.
Showcase the value of your training. Get the data you need to win leadership buy-in and keep your programs funded.
Visit GoSkills.
Read GoSkills reviews.
Highlights
- Robust, Easy-To-Read Reports
- Customizable Feedback Forms
- Personalized Learning Paths
Highlights
- Robust, Easy-To-Read Reports
Track learner progress, course effectiveness, and team performance. Drill down to lesson-level data and export reports in seconds to share insights clearly.
- Customizable Feedback Forms
Go beyond numbers. Collect rich, qualitative insights from learners to improve content, identify gaps, and enhance training experiences.
- Personalized Learning Paths
Align training with business goals. Build tailored learning paths by skill, role, or department—track progress and keep teams focused on outcomes.
Plans And Pricing
Start for free. Upgrade when ready. GoSkills offers a freemium model with flexible plans. Scale effortlessly and only pay for what your team needs.
Top List Ranking: eLearning Industry's LMS Selection Criteria
Globally recognized LMS experts, including C. Pappas and our editorial team, did a thorough review of each vendor's eligibility and relevant published content (articles, eBooks, webinars). Our committee ranked the best LMS software for measuring training ROI based on the following nine criteria:
- Customer support
- Customer experience
- Software features
- Software innovation
- Customer reviews
- Economic growth potential
- Company's customer retention
- Employee turnover
- Company's social responsibility
Now that you've seen the list rankings of this top list, it's time to get a little deeper. Remember to go through our tips and insights to make the best LMS decision and measure ROI for training effectively.
Benefits Of Measuring ROI For Training With An LMS
So, how do you measure ROI for training?
Once you have your training in place, you must use the right tool to get as much hard data as you can to showcase the impact of the training. By demonstrating how worthwhile investment training is, you can get buy-in for future projects. What you need to do is prove your training ROI. That way, you'll be able to shift the C-suite's mindset about training initiatives.
An LMS can help you calculate the ROI of training and make the process less complicated. By using the right tool for calculating training ROI, you can:
- Measure training effectiveness
- Identify the economic impact of your training courses
- Justify your training budget
- Improve your training courses and initiatives
- Increase your credibility and professionalism
- Impact the bottom line of your business
An LMS tool with reporting and analytics capabilities is an excellent way to measure training program ROI. Focus on understanding learning effectiveness, job impact, and business outcomes. However, it's not just about measuring the impact on performance. You also have to isolate the effects of training. For that, you might have to create a control group to observe specific KPIs between the trained and untrained groups.
Also, you might like to opt for an expert estimation by getting feedback from participants and supervisors. Of course, another handy tactic is to use a trend analysis to see what changed before and post training. To understand pure business impact, you've got to get solid business results like more sales, lower turnover, and fewer customer complaints.
An LMS with reporting and analytics is a legit way to show your leadership solid return; After this, you'll get them to start looking at your training program differently.
Do you want to shift their mindset and convince them to consider training as a valuable asset for the business? My advice is to plan for the outcomes you want beforehand and use a credible standard to convert your results into a dollar amount with the ideal LMS.
Next Steps: LMS Comparison And Evaluation For Measuring Training ROI
By now, you know that training is extremely valuable for your employees. In fact, according to a study by Accenture, for every dollar spent on training, you get a $4.53 return. In terms of ROI, that equals 353%!
But getting buy-in from your leaders sometimes is a hurdle because most of them tend to think that training is just an expensive luxury, which is not the case at all.
Trust me; having the right tool for the job is key. And an LMS that has excellent reporting and analytics capabilities can simplify things when you want to prove your training initiatives are working.
Still wondering how to measure ROI for training with an LMS? Give it a go and try one of the best LMS tools on this top list.
And if you still can't decide, feel free to visit our directory to compare the best LMS tools!
