Every dollar spent on eLearning is an investment in employee productivity
According to a study conducted by IBM, a company gains $30 worth of productivity for every $1 spent on online learning. With eLearning, companies are seeing added benefits not just in terms of return on investment (ROI) but also for their employees when compared to traditional, in- person training. The Research Institute of America found that eLearning can increase retention rates by 60%.
Here are the ways eLearning can boost your company’s productivity:
1. Finding efficiency through flexibility
Unlike traditional forms of training, eLearning allows employees to decide when and where they want to learn. By taking online courses, employees no longer have to be confined to a classroom. For people who work remotely or travel on a regular basis, it’s easy to squeeze in an hour of eLearning during a flight or from their offsite location. Employees can be more productive when they can choose when and where they want to train.
Additionally, learners can pause or review content eLearning courses to ensure better understanding. learning can also incorporate video, audio, text, interactive graphics, quizzes, and more to cater to different learning styles.
It also allows for learners to take courses that meet their level of expertise. Rather than participate in generic training, employees now have the option to select beginner, intermediate, and advanced courses personalized to their experience. In traditional or in-person training, this type of flexibility isn’t always available.
The flexibility of eLearning also translates into more efficiency. According to a 2002 report by Dow Chemical, online learning requires 40-60% less employee time than traditional training. Dow Chemical also found that it was able to reduce record keeping and training delivery costs.
2. Leveraging metrics for better insight
With eLearning, you can more easily measure the impact of your training programs. Unlike other training methods, online learning allows you to track utilization, effectiveness, and ROI of learning programs as well as to more easily capture feedback from learners. With this data, planning the next learning initiative becomes easier.
3. Getting users to learn on the go
How do you support your growing mobile workforce? Learning on the go enables your mobile employees to access training wherever they work. For example, employees learning how to use software would benefit from viewing a course on a mobile device while following along in the software on a desktop computer. For employees who may not always be at a desk, accessing eLearning courses on a mobile device ensures they don’t miss out on valuable training.
With eLearning accessible on mobile devices, your company can save time and money by reducing the time and expense of employees travelling to classrooms for specific training.
Giving employees the best learning experience is not just a vital training decision, but also a valuable business decision. Learning can significantly boost employee productivity when compared to traditional training programs by providing more flexibility, measurability and mobility.
Learn more about how the right LMS is capable of leveraging all of the biggest trends in eLearning today. Get a free demo with Docebo today.
About the author
Spencer Thornton is the Vice President of Content at OpenSesame and is an eLearning industry veteran with over 15 years of experience in the space. As the VP of Content, Spencer splits his time between helping existing content partners be successful selling their content in the marketplace and recruiting new groundbreaking training providers to join the team.