The researchers mention that every dollar the company invests in e-learning results in a $30 increase in productivity, and the usage of technologies for corporate training boosts employee engagement by 18%. Employees are keen to upgrade their skills and find job training to be an inevitable part of their professional success. By engaging online learning into the working routine, you will facilitate your HRs and other managers’ job because it will benefit both onboarding and the motivation of the existing employees.
E-learning allows exploring different options for a reasonable price. You can be confident that your team is trained up enough to comply with the projects’ requirements and will deliver high-quality results. What other advantages does E-learning have, and why consider developing and implementing it? That is what we are planning to explain in this article, so let’s proceed.
What are the advantages of eLearning for business?
There is a handful of courses focused on any desirable topic or skills, so all you have to do is pick the most suitable one. However, you might also prefer a tailored eLearning course that will consider your business’ peculiarities and come up with the most appropriate techniques that will boost the employees’ success. Whether it’s the first or the second option, online learning matches modern learners’ preferences or, in this case, employees. It makes more and more companies opt for it instead of the traditional ways of providing information. Let’s take a closer look at the value eLearning can bring your company.
Gaining and enhancing skills
eLearning makes the onboarding process efficient by making sure all newbies have the required skills and bridges skills gaps. After finishing their learning, new employees will have higher productivity, thus, deliver better services and bring profit for the company. As for the experienced employees who have been working in the company for a certain amount of time, online learning will make them more competitive. They will step out of their comfort zones, delve into unfamiliar topics, advance their knowledge, and gain insight into their usual tasks.
After the employees finish the courses, you will see there are fewer hurdles, and the workflow is smoother. This will be due to the mitigation of skill gaps between the employees; they will be trained to use specific technologies and cope with any demands concerning their specialization area.
Improving the employee motivation and retention
Opportunities for career growth are among the most impactful non-financial career motivators because if a person knows one’s work is appreciated, he/she will put effort towards reaching greater goals. Also, eLearning is an efficient way to increase employee engagement by showing him/her that you are interested in continuing your cooperation and want to invest in one’s professional advancement.
Besides, all the employees will have equal opportunities to move up their career ladders. The only issue will be whether they could utilize new skills to the fullest. Each team member will undergo the same courses, and it comes down to the person if she will show outstanding results or be left behind. You will provide the opportunities to compete for promotions and better pay, and the employees will have the motivation to summon the strength to deliver better results. eLearning is also self-paced, so each person can control one’s learning process and adjust it in a way to retain information better.
Reaping scalability and flexibility
An employee just opens a laptop or takes the smartphone out of the pocket, and all the learning materials are at hand. There is no need to spend time on the commute, bring stacks of papers, and try to adjust the schedule so the courses won’t interrupt other activities. Besides, the time and place chosen by the learner do not affect the experience of training because the programs are consistent and standardized for each employee.
The learners can share their experiences and gain insights from other people from the industry because the countries’ borders are eliminated. You can easily scale up or down the learners’ teams and be confident that each participant will understand the operations’ standards. In its turn, this will allow employees to deliver services faster and deal with issues more efficiently, giving the clients an understanding of what to expect from your company.
Although creating customized digital training might be quite expensive, that’s a forward-looking investment. Over time, it will bring you multiple times more earnings than you have spent. You can cut costs on travel expenses, accommodations, training materials, venues, and other required elements.
Besides, look at the situation in this way: you lose a skilled employee, spend time and finances searching and interviewing the candidates, and then onboard the newcomer. It takes significant resources. You can see that eLearning will be more effective and reliable because then the senior-level team member will be motivated to prove the acquired skills and be less likely to leave the company.
Providing measurable results
As soon as the employee finishes the courses, you will see how the newly acquired skills affect one’s KPIs. Depending on the team member’s specialization, you can set a particular goal for him/her or the desired outcome. For example, you might want the person to spend less time on troubleshooting yet improve the effectiveness, or handle more clients at a time.
Note the necessary indicators before eLearning and after, and then – compare the results. You will assess the improvements and see whether the employees will be able to handle the specific business objectives. Such measurements will be more tangible, so instead of counting the employees who took the courses, evaluate their performance.
Lifelong learning is the driver of success, which helps people develop innovative ideas, bring improvements into the areas of their occupation, gain profit, and excel at work. The global eLearning industry is flourishing, offering a fresh perspective on developing skills and acquiring knowledge. It is definitely here to stay because E-learning is an insightful, aspirational, cost-effective, flexible, and tangible option for businesses that aim to implement changes while focusing on human talent.