“Tell me, and I forget, teach me, and I may remember, involve me, and I learn.” Benjamin Franklin’s words hold true to this day. Wondering how?
Well, over the years, PowerPoint presentations, whiteboards, and markers have been part of every employee training program. But the recent decade has witnessed (in wonder) the rapid emergence of online learning (or eLearning) methods that are more suited to present-day employee needs.
eLearning for employees is transforming the modern workplace by helping employees meet their daily job challenges and objectives with the right knowledge. Employee training, which was once restricted to recruits and the once-in-a-year type of formalized training sessions, is now becoming flexible and continuous with the help of digital tools.
So, why should business enterprises focus on eLearning for employee development? Here are some statistics that will convince you:
A sample survey found out that 74% of the workers were unable to achieve their full work potential due to a lack of development.
The Gallup “State of the Global Workplace” report found that 85% of employees are not engaged at work.
Only 12% of employees apply the skills that they have acquired from their formal training sessions.
neffective employee training costs businesses $13.5 million each year for every 1,000 employees.
Now, what are the benefits of eLearning for employees in today’s digital age? Let us discuss that next.
8 Benefits of eLearning for Business Enterprises
Online learning for employees can have a beneficial impact on both employees (in terms of their overall development) as well as the business or the employer.
Here is a look at 8 major benefits of the e-learning model for employers and employees:
Easy on the training budget Businesses can reduce costs by up to 80% by switching to eLearning in training and development. With 'traditional' training methods, employers incur major expenses in terms of instructors, traveling expenses, training venues, and printing costs. Training magazine reports that employers can save 80% in printing costs alone by switching to an eLearning model.
Self-paced learning eLearning for employees offers a flexible and self-paced form of training, which has notable advantages over traditional methods. According to Entrepreneur contributor Phil Geldart, the knowledge retention rate for employees in case of traditional learning methods is only 5%. Self-paced learning improves knowledge retention as employees have the flexibility to learn whenever it is convenient for them – even if it is while traveling.
Employee engagement Be it through flashcards, gamification, or recorded videos, eLearning training covers a wide range of learning methodologies. This can improve employee engagement along with knowledge retention. For example, gamified learning can incentivize learning for passive learners by making it more “fun and creative.”
24/7 availability Another major benefit of eLearning for employees is that they have 24/7 access to the learning material, which can be accessed at any time, from anywhere, and from any device. This makes it flexible for employees to include self-learning in their daily work routine. Also referred to as bite-sized learning, eLearning modules can be delivered in shorter formats, which is convenient for employees with busy schedules.
Scalability Here is an eye-opening fact – 96% of online users turn to their phones when searching for any answer. With online learning methods, employee training is no longer an independent task or activity, but is an integral part of their daily work schedule. The availability of mobile-based learning apps for employees means that they can turn to their phones any time, when needed.
Continuous learning Through interactive learning methods like online assessments and quizzes, employees can receive immediate feedback on how good (or bad) they are doing. A learning management system makes it easier to measure learning outcomes and their overall effectiveness. Technology-driven gamification platforms are valuable even for managers to assess the skills and knowledge of their team members. Moreover, gamification elements like leadership boards and badges empower employees with a sense of achievement and motivation.
Immediate learning feedback Through interactive learning methods like online assessments and quizzes, employees can receive immediate feedback on how good (or bad) they are doing. A learning management system makes it easier to measure learning outcomes and their overall effectiveness. Technology-driven gamification platforms are valuable even for managers to assess the skills and knowledge of their team members. Moreover, gamification elements like leadership boards and badges empower employees with a sense of achievement and motivation.
Increased collaboration With the emergence of global workforces and a rise in remote working, enterprises can no longer limit training sessions to in-office employees. eLearning can solve this problem by encouraging online learning and collaboration among a distributed workforce spread across geographical locations. Online discussion forums can encourage knowledge-sharing, creative ideas, and brainstorming among a larger pool of employees. This can further boost employee engagement and build the organizational culture.
Through this blog, we have highlighted the importance of eLearning for employees and their overall development. For growing businesses, eLearning has a whole host of benefits and can boost employee engagement and productivity. Further, eLearning training modes are flexible and cost-effective for business enterprises. So, are you ready to get started?
Through its online micro-learning platform, Oust Labs has simplified eLearning and acts as a technology guide for employees and employers. To enjoy seamless and continuous learning, employees and users can use the Oust mobile app from any place or device. Plus, enterprises with a distributed workforce have successfully used our automated platform for employee onboarding, training, and engagement.
So, can our eLearning platform work for your business? Get your answer by booking a free demo with us today!