Organizations across the world are constantly looking at cost-effective ways to deliver training to their employees. In 1999, IBM managed to save a whopping $200 million in their training budget when they delivered five times the learning at one-third of the previous cost. With a 25% conversion rate to e-learning, Rockwell Collins reduced training expenditure by 40%. There are many more such success stories attributed to effective ILT to e-learning conversion.
Nick is the L&D manager of a large insurance company. Over the years, his firm created several PowerPoint presentations for training its staff in the classroom. Recently, the company decided to go for the online learning format, and Nick was put in-charge of developing e-learning courses. He was in a dilemma whether to convert the existing instructor-led training resources to web-based courses or develop technology-enabled learning materials from scratch.
Instructor-led or classroom training has been the most common way to train employees for years. However, to make training more cost-effective and easily accessible, many organizations have started using e-learning as well. According to the Training Industry Report of 20151, 28.5% of the training hours in corporate companies were delivered via online or computer-based technologies (increased by 2.6% compared to the previous year), 15% via virtual classrooms (decreased by 1%), 4.2% via social learning (increased by 0.9%), and 1.4% via mobile devices. You can see that almost 50% of the training hours were delivered using some kind of e-learning.
After considering the various benefits such as its 24/7 learning accessibility, consistency in training, and wider reach, you might have considered implementing e-learning in your organization. Great! But, the transition from one training method to another is never easy. So, what next? Will you start from scratch? What about those countless PowerPoint presentations, PDFs, and MS-Word documents you have created over the years and been using to train your employees? I’m sure all those documents are not so useless that you discard them. They have been helpful so far, so don’t ditch them. You can effectively convert these documents into online courses.