I was recently perusing a list of the top 10 eLearning statistics from the past year which, along with highlighting an upward trend in online training, also featured some compelling data points about the results that eLearning efforts have produced.
Here are three eLearning stats that particularly stood out, and what they mean for learners and business leaders alike.
#1. eLearning participants learn nearly 5X more material without increasing time spent training – (The Information Daily)
Why learners care: When it comes to training, a program that’s made up of short, succinct segments that are easy to consume is a learner’s best friend. eLearning is perfectly suited to provide them with exactly the information they need, in a format that they can access on-demand at their convenience.
By offering learners the flexibility to take a training course during a short window between meetings, rather than being forced to block out an entire day for an in-person training session, the doors are opened for a more continuous learning strategy. Instead of annual or semi-annual training, learners can keep their skills fresh throughout the year with short, targeted eLearning modules.
Why business leaders care: Efficiency is the name of the game for business leaders when it comes to training. With eLearning enabling their employees to absorb more material in a shorter amount of time, business leaders can reduce training costs, and also reduce the time learners spend on training so they can get back to work faster. This results in greater productivity for the company as a whole – more on this in a bit.
#2. eLearning is proven to increase knowledge retention by 25% - 60% – (Certifyme.net)
Why learners care: Learners who retain more information can take a more confident approach to their work and ultimately be more productive. With compelling eLearning content driving their training experience, learners benefit from engaging graphics and interactive knowledge checks to help them better retain the material they need to do their jobs effectively.
Why business leaders care: With employees retaining more, and a streamlined means of measuring eLearning progress, business leaders can more efficiently identify not only areas that could benefit from additional training, but also areas that employees have mastered so they can eliminate training redundancy. This ultimately means time and money saved for the company which can be allocated toward other initiatives.
#3. eLearning can help companies boost productivity by 50%. Every $1 spent in eLearning results in $30 of productivity – (IBM)
Why learners care: With eLearning offering a more flexible training process, learners can get back to their jobs faster and immediately put their new skills to use. What’s more, with training content accessible on-demand, learners can benefit from a quick refresher whenever they need it, rather than losing time searching for the right resources to answer their questions.
Why business leaders care: Instructor-led training can be expensive and time-consuming – eLearning helps business leaders tackle both of those challenges to increase productivity. Dollars devoted to reduce training duration means more time employees can actually spend on the job – an investment worth making, particularly for departments like sales where time spent in the field directly equates to dollars earned for the company.
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