The growth of a company relies heavily on the growth of its employees. Only when a company dedicates time and resources to the self-development of its employees can it truly evolve and prosper.
More and more organizations are using e-learning for their employee training and development. But this learning method also brings advantages for the companies themselves.
Why Your Company Should Adopt E-Learning
Through dedicated training, employees have the chance to broaden their expertise and attain certain new skills and qualifications, becoming more experienced, and consequently a greater asset to their company.
Moreover, when training is tailor-made to a company’s goals, it can help support business processes more directly as employees become more closely aligned with a common mission.
Furthermore, the coronavirus pandemic has created a greater focus on digital learning. Employers are increasingly shifting towards e-learning over more traditional forms of training since it’s more flexible and cheaper.
8 Benefits of E-Learning for Organizations and Employee Development
If you and your organization haven’t yet jumped on this trend, then you should take a look at our eight reasons why e-learning is paving the way.
1. Higher employee satisfaction
Studies show that employees who feel they are developing and learning are more likely to have a sense of general satisfaction and well-being. Any organization would want a more content and fulfilled workforce. Equally, employees feel more engaged and motivated to work for an employer who takes the time and money to invest in them.
One of the most common reasons individuals leave a company is due to the lack of opportunities for self-growth. Put simply, investment in training correlates to increased employee engagement. So, it’s hardly revelatory to state that dedicated training helps improve a company’s performance and productivity.
2. Increased revenue
In a US study, 42% of the participating companies stated that e-learning has led to an increase in revenue. Furthermore, the revenue generated per employee is 26% higher for companies that offer training using technology, including e-learning.
These benefits correlate with the first benefit from this list: Employee satisfaction is directly related to the success of the company. When your employees are happy to do their jobs, that will also lead to better customer relations, which will result in increased revenue.
3. Flexible and convenient
One of the great advantages of e-learning over more traditional forms of learning is that it’s on demand. You can learn wherever and whenever you want. Digitized learning on your device facilitates learning time at home, in the office, or on your commute.
Moreover, everyone has distinct learning habits, and with e-learning, you can choose to learn at your own pace, and at a time that best suits your needs. Depending on your preferences, you can tackle training in short stints (also called microlearning) or longer chunks. There are no barriers to creating your optimal learning environment.
Additionally, this type of anytime-learning negates the need to gather people together at potentially inconvenient times, and completely avoids the problem of missed training sessions.
4. Cost-effective and sustainable
As well as saving time, e-learning also saves heavily on money and resources. With online training, businesses avoid the costs of hiring trainers, meeting rooms, materials, travel, and food.
Similarly, with information in digital format, you can save on printing costs, as well as on energy spent having to update training literature and materials.
With such obvious savings, e-training is clearly advantageous for companies through return on investment.
5. Improved retention
Furthermore, e-learning meets the needs of the modern learner. In contrast to traditional training, it uses modernized methods and styles that help improve learner engagement and interaction. Through cleaner mobile and desktop experiences, learners are more likely to assimilate and retain information more effectively.
6. Measurable learning progress
The majority of online learning platforms contain user profiles and accounts where learners can easily view their progress and tap in and out of learning when they want.
On this note, it’s not just learners themselves, but also their employers who can monitor their progress and performance through different types of account management, making the effectiveness of training far more quantifiable.
When companies actively follow and analyze their provided learning solution, they will get a better understanding on how employees learn and where they rank. This helps employers to plan their resources more effectively. But also the employees can see their learning progress clearly, which helps them to stay motivated.
7. Individual learning solutions
With e-learning, organizations can build the different learning components together like bricks to create their own individual or group-specific learning program. Conventional learning courses can only provide companies a “one fits all” standard learning solution.
With this high level of flexibility, you’re also able to create digital learning content that matches the knowledge level of the learners perfectly. They can repeat, skip or immerse themselves in specific lessons.
When companies recognize a need for learning in certain departments, they can deliver a customized e-learning program promptly and flexibly. The knowledge is conveyed specifically where it’s missing and the learners can immediately use it in their everyday work.
8. Better availability
A further advantage of the digitization of learning materials is that learners can access them at the click of a button. Long gone are the days of lost handouts. Everything is stored online, and permanently accessible. This fosters learning progress and is especially eco-friendly.
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