Say you have a company with a workforce of 100 employees divided into five units of 20 employees each. Your industry takes a turn for the good as a new technology is launched requiring you to adopt it. This means having to develop an employee training program to train all your employees from all units individually based on their functional role. The default mode would be to hold a classroom program to train all the teams based on a time table and you manage to finish the employee training program within 45 days.
Post the training session what is the performance of your employees? How much of the training have they been able to incorporate into their role? Is the company’s growth and direction proportional to the investment made for the training for the employees? These are some of the most basic questions for any SMEs and/or large enterprises.
How would you feel if you find out that there was a method by which you could train all your employees a lot more effectively in about 30% of the total investment you might end up with originally? Yes, opting for eLearning could make this happen. The concept is catching up—fast. Major enterprises are moving their employee training programs to the eLearning method to reduce costs and improve performance. However, it doesn’t end here—eLearning has more advantages which could enable your company grow at a faster rate. We have listed down the advantages of adopting eLearning for your employee training program as follows:
1. Seamless Accessibility
eLearning allows your employees to access the training program wherever they want, whenever they want. The decision to complete the training program lies solely at the discretion of the employees, allowing them improved flexibility. They can access the training curriculum on their office computer, home computer, or hand-held gadgets whenever they need it. This not only allows the employees to complete their training more effectively, but the end result is advantageous for you as a company as the training is being applied on job more efficiently.
2. High Retention Levels
With a classroom program or training coursework, the enthusiasm of the employees can vary depending upon their state of mind which affects the output based upon the individual retention levels. Opting for eLearning provides the employees greater flexibility and an interactive coursework which makes the training interesting, and results in the employee being job ready. The ability to complete the coursework at their own pace allows the employees to retain a higher amount of information which is then applied on the job.
3. Cost Efficient
Digital learning material is a one-time investment for the company. This reduces the company overheads in terms of cost of external teaching resources, classrooms, and coursework material. The cost becomes multi-fold in case of recurring training sessions resulting in higher investment levels when compared to eLearning. eLearning course material is digital, allowing for reuse and redistribution among the employees without worrying of the overhead cost to product multiple copies of the coursework.
4. Higher Return on Investment
With lower investment and savings, along with efficient employee training resulting in improved performance and fast growth is a perfect recipe for a higher return on investment compared to the traditional training program. For example, if we consider the earlier return to be 20% higher after heavy investment, then moving to eLearning could boost this rate to over 35-40% for the same training program. The numbers are higher which is a clear proof of the advantage eLearning platform provides over traditional training methods.
5. Green Initiative
Paper needs cutting of trees, but usage of digital files do not, unless you are going to print everything. But this is a practice you can refrain from. Moving to the eLearning platform helps save the environment by cutting down on the use of paper for the distribution of the training material. Not to mention it helps boost the company’s brand by lowering the company’s carbon footprint.
6. Real-time Assessment
eLearning allows you as a company to review your employee performance in real time whenever you wish to. As the employees access the training material on a digital platform, you can track the course completion progress in real time. As the employees undergo evaluation post the completion of training, the management can check their performance which makes it easier to understand their needs and help them improve.
7. Easy Editing and Updating
One major issue with working in a volatile industry is the quick development of new resources that need to be incorporated in the functioning. This could become a very tedious affair for the company to conduct training sessions for its employees. eLearning offers the companies a simple solution where the training program can be tweaked or updated to meet the latest requirements. This makes sure the workforce is updated on the latest on-job requirements which is eventually advantageous to the company.
8. Reusable Content
Some training programs are constant for the companies such as the induction and orientation program or some basic training in the field for a new employee. The ability to reuse the content already available makes it easier for the company to reduce expenses.
9. Consistent Experience
In case of a classroom training program, the external teaching resources employed for the employee training program will provide a varying teaching experience over the number of batches being conduction. This makes for an irregular training experience over the workforce that can affect the employee performance on-job. Moving to an eLearning platform provides a consistent experience for the employees in terms of training which results in a uniform training. The results are also advantageous for the company in terms of uniform and efficient application of the training on the job.
10. Better Suited for Tech-Savvy Workforce
Most of the workforce today is tech-savvy. The penetration of smart gadgets is at an all-time high among the working class. The use of the internet and handheld gadgets for accessing information is rising at an unprecedented rate resulting in the changing preference of the employees to be able to access data in the digital form. Using the eLearning platform makes it easier for the employees to go through the employee training program. With so many advantages on offer, moving to the eLearning platform for your employee training program is pretty much a no-brainer. Many companies are taking a leap and you should too if you haven’t yet. But do not just take my word for it—give it a try yourself. It is just like testing a car, if you like it, you buy it, else you move on. The concept is transferable, so don’t hold yourself back.