The ASTD or the American Society for Training and Development surveyed 2500 firms. They had found that firms conducting comprehensive training get 218% higher revenue and savings per employee. The question has rarely been if training works? It’s, almost always, been, how can we train better, more efficiently, faster, and so on. This is where organizations have turned to eLearning. eLearning improves access to training, provides context, and reduces costs. This is in addition to benefits like an increase in productivity, better employee engagement, and fewer errors. The advent of technology and its incessant growth has transformed how US organizations recruit, analyze, work, educate, and train staff.
But, this blog is for those out there who have yet to embrace eLearning. This post identifies 4 signs from the world at large, 4 omens that must portend the inevitable arrival of eLearning.
- Technology explosion – In early 2008, 3 million iPhone devices were used all across the globe. In 2013 December, more than 400 million iPhones and 1 billion smartphones were shipped to customers worldwide. Cloud Computing has equally convincing data. From $41 billion in 2011 to $241 billion in 2020, Cloud Computing is following through on its promise to change the face of Technology and business. Surveys from names like Deloitte and MIT indicate that more than 90% of firms will be digitally transformed in the next few years. Most humans now spend more time online in their waking day than they do offline. This means that technology is helping organizations do more, in less time, at reduced costs, and with greater impact. Corporate training must similarly leverage the power of technology. This must mean a turn to eLearning.
- Demographic shifts in the workforce –The global workforce includes people from all age groups. But, the percentage of millennials is higher and expected to reach 75% of the total worldwide by 2025. That apart, the Baby boomers, for work satisfaction and due to financial constraints, are refusing to retire and are trying to extend their working years. These two trends in demography have produced a workforce with a wide spread of ages and experiences. This has created communication, collaboration, and skill gaps that require efficient and quick addressing. If you are facing these demographic shifts in the workforce then it’s time to adopt eLearning for more personal, contextual, and accessible training.
- Rising employee expectations – It’s a competitive market out there for talent. The most capable and the most promising employees out there want their organizations to make a greater effort for them. They want support to do their jobs well. They demand enablement, they value engagement, and they want to perform -all they ask is their organizations give them the ammunition to do so. The best way to draw the most out of the capabilities of the talent is to provide them with the information and training they need -when they need it. This is a case for eLearning for sure.
- A scarcity of specialized skills – Most will agree that in a challenging business environment, the key need of any organization is to build the capability of their workforce. This means recruiting the right people, training them in the skills that they lack, motivating them to perform, and keeping them engaged as they go about their job. The modern workplace demands some key new skills. Skills in mobile computing, software engineering, big data analytics, advanced manufacturing, and automation are among those required across verticals. Organizations are struggling to meet the skill demand. Projections are of a shortage of more than 35 million educated and skilled workers by 2020. Clearly, an organization capable of employing, retaining, and developing a high-performing workforce, with such specialized skills, will outperform its competitors- and isn’t that where eLearning should play a starring role?
Globally organizations of all sizes now believe that retention and engagement of employees are among their top priorities. Employers worldwide are doing everything they can to motivate employees to perform to the best of their capability. Most managers know that employees want to learn, and they want to widen their skillsets. The business case is strong, the enabling factors are in place, and the benefits are there to be had -the question is, when will your organization adopt eLearning?