According to Workforce.com, 73% of employee training in Fortune 500 companies is delivered via online methods and according to eLearning.com, 77% of American firms are already using eLearning. This shows that eLearning is being accepted as a convenient and cost-effective method for organizations to train their employees.
Here, I would like to share some of the top benefits of eLearning for organizations.
In 2011, 51% of companies conducted at least one training session through eLearning that catered to more than 50% of their employees.
(Source: European Survey 2011)
Large number of employees can be trained at a time and training can be rolled out within short span of time. Employees can connect with peers from different places for the purpose of training, without incurring accommodation and travel expenses. So, eLearning is the preferred method of training for many organizations.
Flexible and Low logistical constraints
British Telecom delivered e-business training to 23,000 employees in three months at a cost of £5.9m, compared to £17.8 million and a five-year time span for classroom training (Source: Taylor, 2002).
Classroom training involves expenses for travel and accommodation that can be substantial. Additionally, training is imparted at a fixed place as per a pre-determined schedule that may not be convenient to all employees. Multiple sessions need to be arranged to accommodate more employees, taking the expenses skyward.
E-learning overcomes these limitations as employees can access the same training content at a time that fits their schedule. No employee can be denied training either for lack of space or scheduling issues.
It saves time, money, and also provides quality training that is reliable and could result in good productivity.
Durable and updatable teaching material
72% of companies surveyed, report that eLearning keeps them on top of their industry changes. (Source: certifyme.net)
Most of the organizations share training materials with their employees for their reference. Employees make use of them, whenever it is necessary. But, if the training content needs to be updated, they need to reprint the booklets/materials.
eLearning eliminates these problems, as the content needs to be updated online and hosted at a central repository, and employees can access the updated content as soft copies in real time.
It is easier for learners to evaluate their learning through self-assessments in eLearning courses. There is no need for an external instructor to evaluate the performance and the learner receives instant feedback at his desk or workstation. The atmosphere is non-competitive and non-threatening. In case, a learner fails the test, he can take it the second time after going through the course content as many times as required. This format gives a chance to learners to learn from their mistakes and retake the test.
Classroom training is generally push training, where employees are obliged to attend the training sessions. They do not have great choices in terms of who the instructor is or how the program is going to be conducted. However, it is not the case with eLearning. E-learning is designed to appeal to learners with varied learning styles. A range of interactivities, scenarios, gaming, case-studies and storytelling formats and tools are used to ensure all types of learners are engaged and involved in the course. Learners are likely to be better motivated to take up eLearning courses.
According to a report by Docebo, the worldwide market for Self-Paced E-learning reached $35.6 billion in 2011. The five-year compound annual growth rate is estimated at around 7.6%, so revenues in eLearning should reach around $51.5 billion by 2016.
The five-year compound annual growth rate is estimated at around 7.6%, so revenues in eLearning should reach around $51.5 billion by 2016. In a self-paced learning environment, learners have an opportunity to take up the courses at their own available time and place unlike classroom training. Learners have more freedom to take up the courses as they need and the way they like. They can stop, pause and continue whenever they wish instead of blocking a long stretch of time, which can be rather difficult for busy executives.
I conclude by saying that eLearning will make learning much easier and employees are under greater control. On the other hand, organizations also benefit due to reduced costs and wider reach through eLearning. Definitely eLearning will rule the future as it is cost effective and self-paced. Don’t you agree?