Education is transformative for a company, as well as for its employees and customers.Expanding your employee’s knowledge, keeping up to date with all the new trends in business, and learning how to adapt quickly can help your company grow and achieve its goals.
Learning has evolved from simple text-based documents, to PDFs, to powerpoints to the videos that we have today. They are not only animated, but also 3D and interactive. eLearning has become so engaging that people want to learn, develop more skills, and advance their careers.
As of 2020, 77% of US companies provide online learning opportunities for their employees. Companies that invest in eLearning have higher revenue and 24% better profit margins, making clear their advantage in relation to those that do not yet invest in training.
Here are 14 reasons why you should invest in corporate eLearning:
- Allows time flexibility
eLearning also allows employees to choose the most suitable time and conducive place for them to study. Employees no longer need to worry about following their instructor’s lead or learning at the same speed as their peers. They can learn and study the materials comfortably at their own pace. This flexibility makes learning more fun and less stressful.
2. Cost effective
Since eLearning materials are digital, there is an overall reduction cost in printing manuals, handouts, training materials, books, and references.
Even though the initial investment for eLearning may be high, the costs of maintaining an online training platform are minimal when compared to the framework required for face-to-face learning.
3. Learning materials are easily accessible
eLearning content is easily accessible through a simple click on computers, laptops, and smartphones. Employees can find high-quality learning materials in the form of written notes, videos, and infographics.
4. Better knowledge retention
Studies show that eLearning can help students to retain between 25% and 60% more information. A lot of students prefer eLearning since it’s a unique and fun experience. Instead of listening to a speaker talk, they can read at their own pace and really digest all the information they’re given.
Another way to reinforce learning is through the use of gamification. Employees can learn while playing. One may think that this is not the best option since they might get distracted. But learning through gamification has shown that they’re more likely to participate and learn.
5. Increased productivity
The goal is to apply what you’ve learned through eLearning in real life scenarios. Improvement in performance should be the result of a successful training program. Employees who attended training feel more confident and knowledgeable in their job role. They’ll be able to do the tasks assigned to their role with less supervision needed.
6. Competitive edge
Investing in eLearning is essential to keep up with the latest innovations in the world of business and IT. eLearning helped companies by 72% to stay informed with changes in the market and economy. Upskilling your employees should be a priority if you want your business to stay on top and have a competitive edge.
7. Eliminates the need for on-site instructors
Hiring on-site instructors can be costly. You have to pay for their transportation and accommodation expenses on top of their service fee. eLearning eliminates those costs since everything is delivered online.
8. Improved attendance
Employees no longer have to worry about their commute or the traffic ever again. With eLearning there are fewer chances of them being late or missing out on lessons.
9. Immediate access to resources
You can easily supply your employees with the information they can use to increase their knowledge and improve their skills. In their learning management system, you can include links to videos, webinars, books, articles, and other resources.
10. Accessible to employees around the world
Since the rise of remote work, companies have hired employees across the globe. Employees can now attend the same training with their co-workers without leaving the comfort of their own home. They have access to the same materials and resources wherever they are in the world.
11. Training modules are quickly updated
If you need to change or update the training modules, you can easily do it by adding it to their learning management system. Your employees will see the changes you made in just a few seconds. This will save you a lot of time instead of rewriting everything, printing the materials, and distributing it to each employee.
12. Suits a variety of learning styles
Some people learn better visually, some prefer listening to an audio material, and some can learn from having a blend of both. Since eLearning can be customizable, it is the best way to create a perfect learning environment suited to the needs of each student.
13. Interactive platform
Employees can easily participate in discussions and group chats with their peers. They can discuss lessons and materials anytime they want. They don’t have to meet in person to collaborate.
14. Reduced employee turnover rates
Employees who are content and who enjoy their work are more likely to be loyal to your company. By giving them access to the training materials whenever they need it, they can study and refresh their knowledge when they need to, and they’ll feel more motivated to improve in their role.
If these reasons sound good to you and you would like to invest in eLearning for your employees, please contact us. We’ll gladly assist you in choosing the best eLearning course for you and your organization. If you’d like to create your own eLearning course, we can also help you make a course.