It can be very overwhelming trying to find the right technology for your need in this ocean of different types of software programs. So to name a few, we have TalentLMS, Edcast, LearnAmp, Docebo LMS, Palocity app, Bamboo HR, and Workday.
In this blog, we will be discussing the top three tools that are slowly becoming more prevalent named LMS, LXP, and HCM.
LMS- Learning Management system
A learning management system is a software application that helps you run a smooth training program. It stores all the online training course material on one platform from which all employees can have access. It also helps you track your employees’ progress.
The purpose of an LMS is to manage your training programs. It is crafted to assist HRs and L&D teams to organise training courses. It makes their life easier with handy management tools. In addition to delivering training content, an LMS can handle onboarding, compliance training, and skills gap assessment.
Common features of an LMS include
- Content creation
- User management
- Tracking progress
- Automating certifications
- Community building
- Gamification of the course
LXP- Learning Experience Platform
The learning experience platform uses artificial intelligence to give employees a better learning experience. An LXP is a consumer-oriented platform for learning and development.
LXP defies the conventional system of online training by empowering employees. It uses artificial intelligence to suggest courses based on an employee’s position, interests, and preferences.
LXPs can cover a wide array of material including blogs, industry journals, videos, podcasts. They also encourage the use of user-generated content.
Common features of LXPs include
- Content creation
- Recommendation of personalized content
- AI for understanding the content and user better
- Analytics
- Community building
- Gamification
In the quest to provide the best service to their customers many LMS and LXP vendors have overlapped their features. Basically, you can have LMS and LXP both in the same software. An AI-powered LMS is a good example of this.
HCM – Human Capital Management
Human Capital Management is responsible for developing and implementing the procedures necessary to recruit, educate, and maintain the company’s employees. HCM software helps you deal with all these things smoothly and efficiently.
This software is for HRs who have to manage employees on a daily basis. HCM solutions can help companies in engaging people, increase productivity, reduce costs, and improve compliance.
Common features of HCM include
- Recruiting
- Onboarding
- Tracking time
- Attendance
- Payroll
- Performance management
- Expense reporting
- Analysis
The features of all the three software overlap each other. What makes them different is, for whom they were designed and what purpose do they serve. Here is a table to help you differentiate between them better.
| LMS | LXP | HCM | |
| Designed for | L&D and HR | User experience | HR |
| Purpose | Efficient learning | Enhances learning experience | Makes HR functions easy |
Which one is ideal for you?
Which software is ideal for you is based on your needs. However, you should try using HCM, LMS, and LXP together. HCM will help you with recruiting and onboarding. LMS will help you provide better training to the new and existing employees. LXP will assure that your employees are not burdened with the training and are actually enjoying the process. The three together will make you more efficient, save your time and help you create valuable and skilled employees.
Conclusion
Employee is the king. All HRs are starving to retain employees and close the skill gaps to provide value to the company. All the software that you come across will help HR and L&D teams get better by automating tedious tasks and providing data-driven analytical solutions. Most of the time this software has similar features and distinguishing them becomes difficult. We discussed the 3 most widely used software -HCM, LMS, and LXP. These were designed for different audiences and purposes however, they do have one similarity which is driving efficiency.
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