If you’re hesitant to adopt eLearning tools, just look at other companies. You don’t need to switch every training session to an online one, but incorporating some eLearning education or training programs is a step in the right direction. Investing in new technology and eLearning can yield a significant return for employers, as well as help strengthen computer literacy skills for employees.
Here are five ways that eLearning tools can benefit your company. Check out the statistics that have proven the value of online training.
Adapt to change more easily
The proof: 72 percent of companies viewed learning technologies – the most widely used being eLearning courses – as a way to help employees adapt to changing business conditions.
Whether your company has switched to new software, swapped employees’ roles or has an entirely new business model, eLearning can help. Organizational adjustments can often times lead to less productivity; with eLearning, your business can move forward, even in changing times.
Save valuable time
The proof: eLearning saves time by up to 25 to 60 percent when compared to classroom training, according to studies by Brandon Hall.
What does this mean for you? It might not be the most effective to have 100% of trainings online. Incorporating even a small percentage can save your company and your employees a lot of time over the course of a year.
The proof: Companies can save anywhere from 50 to 70 percent when classroom training is replaced with eLearning.
Costs are cut in every way with eLearning. Employees don’t need to travel for seminars – they can be engaged from home on their laptop or at the office. Because eLearning can take place anytime and anywhere, employees can spend a couple hours per day training instead of missing entire workdays. Also, less money is spent on an instructor’s time, travel expenses, etc.
Plus, some learning platforms are available for a flat fee with no user fees. This allows you training and development to grow, without growing your costs.
Increase employees’ retention rates
The proof: An employee’s rate of retention can be enhanced by 25 to 60 percent with eLearning courses.
In fact, IBM employees learned almost five times more information in the same amount of training time with eLearning. And to go along with saved money – this training was just one-third the cost of what classroom training would’ve been.
Decrease the company’s turnover rate
The proof: 23 percent of employees leave a company due to a lack of opportunities and training for career development.
Not only do you lose talented employees to other companies, but you’ll need to invest more money into recruitment and training. Allowing employees to guide their career paths and providing proper training along the way will ultimately grow your business.
Rose Haywood is an Internet tech blogger, marketing consultant and advocate for equal access broadband initiatives. She hails proudly from Asheville, NC but resides for the time being right outside of Atlanta, GA. Feel free to reach out to her directly via twitter.
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