Challenges in the training industry are numerous, ranging from thriving in fierce competition and retaining skilled employees. ROI enhancement is the key.
Rapid eLearning can improve the Return on Investment (ROI) for your company by providing rapid course development, quick content updates, better employee training support, and what not? To improve the value of an online training program, it is ideal to combine audio, video, and kinesthetic learning methods.
But simply implementing eLearning within your company won’t significantly increase training ROI; it’s the learners’ engagement, knowledge acquisition, and subsequent application of that knowledge in the workplace that results in the necessary behavioral change.
Now, this prompts the question of how to assess the efficacy of training and, more significantly, how to maximize the return on investment of eLearning training programs. Let’s see some winning ways to boost corporate training ROI.
Want to Ensure Your Training Yields the Best Results?
Here are 3 Ways to Boost Corporate Training ROI with Rapid eLearning-
1. Choose the Right Strategy to Create eLearning
2. Use eLearning Authoring Tools to Minimize Development Cost
3. Integrate Upskilling to Increase the Rate of Retention
1. Choose the Right Strategy to Create eLearning
To make eLearning impactful in corporate training, there needs to be solid strategies to design and develop it, here enter Instructional Design (ID) strategies. ID strategies are core to developing a robust, impactful eLearning course. The right ID strategies produce eLearning programs that increase learner engagement and give you the potential for a hugely positive ROI. Basically, when you design an eLearning course that adheres to an effective instructional design strategy, you can expect an immensely positive ROI in addition to a great learner experience.
If you want your employees to reach their potential through training, you need to analyze their learning needs and methods to know which instructional design strategy is best for them.
Let’s glance over some popular ID strategies-
- Storytelling in eLearning is thought-provoking because it combines a variety of elements, such as intriguing plot points and relatable characters, with a hint of suspense to deliver a message based on a learning objective that is conveyed in a conversational tone.
- Scenario-based learning encourages learners to make choices, enhancing their ability to make decisions. Real-world examples allow learners to develop their critical thinking skills.
- Microlearning emphasizes quick and result-oriented learning by presenting information in small-sized nuggets based on a single learning objective.
- Gamification enhances learning by adding various game-like elements, such as leaderboards, rewards, and scores. This increases learning retention and encourages competition among learners.
It’s essential to create eLearning modules that motivate learners to explore, learn, examine, and apply what they have learned to their work to maximize the corporate training ROI. Making a sticky learning experience with these strategies is a powerful way to accomplish this.
2. Use eLearning Authoring Tools to Minimize Development Cost
While eLearning has helped organizations cut training costs related to travel, infrastructure, and hiring trainers, this has come at the cost of other expenses: design and development, publishing and maintenance. But rapid eLearning reduces the time spent for designing, developing, and publishing eLearning courses, all thanks to rapid eLearning authoring tools where minimum modifications are required and there is seamless integration with Learning Management System (LMS) leading to lower development course. These tools additionally help in implementing agile project management to promote improved teamwork within an organization.
The financial investment for eLearning is lower with rapid eLearning authoring tools where the same modules can be redesigned and used for future use, and its outcomes outperform those of other learning methods. The use of rapid authoring tools does not require programming skills; developers don’t have to undergo any expensive training in order to work with these tools thereby proving to be a cost-effective method to develop eLearning courses.
eLearning authoring tools offer a cost-effective way of eLearning development with
- Ready-to-use templates and interactivities
- Rapid updates and revisions
- Quick turnaround time
→ Download Now: ROI and eLearning – Myths and Realities
3. Integrate Upskilling to Increase the Rate of Retention
Employees can develop both their hard and soft skills with ongoing opportunities for workplace training. In addition to learning new information, your employees develop their fundamental skills. Profits and performance of the organization are directly impacted by employee input at work. It’s easier to train current employees than it is to find and onboard new ones because the needs of an organization are subject to rapid change.
To support upskilling initiatives, it is preferable to create eLearning modules that cater to the needs of individual learners specifically. Because learners can access one eLearning module based on one skill and then move on to another based on a different skill, for this rapid eLearning is a great choice to encourage upskilling.
Make sure to incorporate previously acquired skills into the following eLearning modules to increase retention and allow learners to put what they have learned to use. Going above and beyond is the key to upskilling, and eLearning has modules and self-assessments that employees can access at their convenience. Scenarios and simulations are a great way to allow corporate learners to put their new skills into practice on the job.
To achieve the best results and prevent cognitive overload, concentrate on one skill at a time. It is also ideal to choose microlearning modules that are mobile-friendly because they are convenient and can be completed even when pressed for time. Blended learning too is perfect to fully develop both soft and hard skills as learners get the best of both online and offline training and benefit from formats like discussion boards, workbooks, bulletin boards, web-based learning modules, and more.
Furthermore, rapid eLearning increases your company’s revenue and performance across the board, boosting ROI.
Final Note!
Increased productivity and a higher ROI are both a result of providing employees with timely and pertinent knowledge and these ways of rapid eLearning increase retention of knowledge while shortening the time spent on online training. Additionally, they support your L&D in bridging specific knowledge and skill gaps and provide training in the most effective manner, thereby boosting the training ROI for an organization.
Truly, Corporate training ROI is significantly impacted by rapid eLearning solutions. When leveraged effectively. Want to delve deep and explore more about how rapid eLearning impacts the training ROI? Want to learn how to accurately calculate training ROI? Then check out our free eBook to discover incredible tips to ensure your training yields the best results!
