MWT Blog

The world of Learning & Development is changing, and old paradigms are shifting to make way for the new. Flexible learning that is afforded through eLearning and virtual learning programs seems to be the new direction of this shift. Organizations that do not wish to be left behind must consider adopting employee upskilling programs through eLearning options.

 

How is eLearning advantageous for modern organizations?

Modern organizations the world over are finding very real advantages in eLearning and are getting their on-site employee training programs replaced with this flexible learning model.

It has been found that in the long run, eLearning has many advantages – that of saving costs while increasing productivity, thereby increasing profitability. The initial outlay on creating the eLearning program, in fact, more than pays for itself multiple times over. As compared to traditional face-to-face employee development, online corporate training platforms cost very little to maintain and run.

A study by IBM pointed out that:

  • Increasing team skills results in meeting objectives 90% more often.
  • When teams are well trained, companies save $70,000 annually and increase productivity by 10%.
  • Product rollout time decreases by 22%.

These are the 7 significant benefits of eLearning.

 

  1. Engaging Content

A variety of engaging formats ranging from text to animation, graphics and even gamification can be used, increasing retention and comprehension of content. Learners process information in different ways and these formats can cater to a variety of learning styles. It was found that employee engagement increases by 19% when learners turn to eLearning programs.

  1. Seamless Training

Using eLearning programs, it is possible to organize and centralize the L&D function in one online resource, and all departments can tap into this for their learning needs. This will eliminate the need for separate L&D programs across the enterprise and will improve all business processes.

  1. Reduction in costs

In-person training is expensive, as companies need to pay for travel and accommodation for both employees and trainers, hire a training center, provide food and so on. This adds up to a significant bottom-line expense which can be completely eliminated when people can join the training online at their own convenience.

  1. Measurable Outcomes

As eLearning is digital, outcomes can all be measured and it is easy to chart how the training impacts business KPIs. Goals such as reduced support calls and increased sales could be easily regulated by assessing the before-and-after training metrics. All improvements can be tied back to eLearning.

  1. Scalable Learning

Businesses can easily scale up the reach and quantum of their eLearning programs to quickly accommodate new users. Right from day one, new employees can log in and start learning at once. There is no need to wait for the next in-person class.

  1. Adopting Agile

With industry and marketplace needs constantly changing, training expectations must also evolve to keep up with the trends. Learning programs should, therefore, be agile to ensure that learners are constantly updated with the latest advancements. Traditional learning cannot meet this challenge, but eLearning can be updated periodically to provide your workforce with the emerging operational skills they need to be competitive.

  1. Contextual content

The L&D requirements of each organization are unique. By using an eLearning platform it is possible to provide relevant content that is tailored to meet the specific needs of each department. It also accounts for personalized learning required by each individual at various stages through their life cycle. New hires require different training than seasoned employees who may be looking at upskilling or reskilling.

Considering all these reasons, it can be said that without a doubt eLearning is the current and future direction of L&D, and organizations that do not embrace eLearning programs are sure to lose out to the competition!

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