Why Has eLearning Become A Must-Have?
We can safely say that eLearning has become an absolute must in today’s world, because it provides learners with an exceptionally rich learning experience. But, how has eLearning become such an important part of training, and why is it rapidly growing in popularity?
Speeding Up Employee Training
According to Brandon Hall Group’s HCM Outlook 2017 Survey, eLearning can significantly reduce employee training time. It typically requires 40-60% less employee time than learning in a traditional classroom setting. Therefore, they don’t need to follow the pace of the group and, more importantly, they can easily skip what they already know, and focus on learning what they actually need. Also, they don’t need to travel to their training events or stay after work to engage in training, which additionally saves time and enables them to learn, and improve much faster.
Cost reduction is often the main reason why companies switch from traditional classroom-based training to eLearning. In-house training tends to be very expensive, primarily because of the need for a professional trainer who will deliver it and who will help employees improve their knowledge and skills. On the other hand, eLearning requires only an online training software that is not just cost-effective, but also enables employees to train at home. This translates to much lower costs related to travel, training venues, learning material, and trainers, not to mention that eLearning almost immediately leads to lower costs by speeding up employee training.
Maximizing Knowledge Retention
Maximizing knowledge retention is one of the most rewarding benefits of eLearning. According to Brandon Hall (2001 and Rosenberg 2001), eLearning can increase knowledge retention rate by 25-60%, simply because it is much more engaging than learning in a traditional classroom setting.
Self-paced online learning leads to much higher productivity since employees can train at home, and then focus on their core tasks while at work. Learning in their free time will lead to better performance and higher efficiency, especially because online eLearning software will enable them to revisit any information they need, whenever they need it. According to IBM statistics, eLearning can increase productivity by 50%. By utilizing online learning software, you will provide your employees with an incredible opportunity to engage in their training courses at any convenient time (at home, during downtime at work, or even on-the-go). This will enable them to quickly get up to speed with everything they need to learn, and their training will not get in conflict with their core daily tasks.
Almost every online learning software provides useful communication and collaboration tools, which are essential for knowledge improvement and building a strong collaborative workforce. This software will enable your employees to communicate with you and among one another in real-time, which will lead to increased engagement and a comfortable and empowering learning environment.
Real-time collaboration and feedback provided by eLearning will help you effectively address everyone’s strengths and weaknesses, and deal with skill gaps, so that you can truly help your learners improve their skills and abilities, and ultimately enable them to improve and grow.