3 eLearning Statistics to Help Shape Your Training Strategy
There are a number of compelling eLearning statistics about current initiatives regarding general eLearning features as well as measurable results. There are three eLearning statistics that particularly stand out for adult learners in the workplace and business leaders.
Statistic #1: Participants in eLearning Programs Learn Almost Five Times More Material in the Same Amount of Time Allocated for Traditional Training Initiatives
Learners can learn information that is divided into short and succinct segments that are easier to digest than large blocks of information. eLearning offers a more flexible learning structure as learners can access on-demand learning materials at their convenience. Learners can also keep new knowledge and skills sharp throughout the year rather than retaining new information for a shorter amount of time at annual or semi-annual training sessions. In addition, targeted eLearning modules can improve individual areas of improvement with minimal disruption.
Business leaders can experience increased efficiency after implementing eLearning platforms for training initiatives. As mentioned above, employees can absorb more information in a shorter period of time. In addition, training costs can be reduced as well as costs associated with downtime due to training. The company as a whole can experience higher levels of productivity as well as higher quality of services provided by employees.
Statistic #2: Studies Suggest eLearning Can Increase Knowledge Retention By 25%-60%
Learners that are capable of increased knowledge retention are better able to complete quality work. In addition, learners are often more confident and more productive. Interactive knowledge checks can help learners understand how well they have mastered a variety of concepts, and concerns regarding false reassurance are minimal.
Kzoinnovations.com innovative online video player provides a streamlined approach for eLearning. It is easy to identify training initiatives that could be helpful on individual or universal levels. Training redundancy can be eliminated, and necessary training needs can be addressed.
Statistic #3: Companies Can Boost Productivity By 50% After the Implementation of eLearning Initiatives.
In addition, every $1 spent on eLearning can result in approximately $30 of increased productivity.
Learners can immediately utilize new skillsets learned in the workplace rather than a simulated environment. Learners can also visit small segments for quick refreshers when needed rather than spending excessive time searching for correct answers to immediate questions.
Business leaders can save costs associated with instructor-based training courses off-site or in-house. Allocating monetary resources to training on an eLearning platform can help employees spend more time on the job. Employee utilization hours can also be optimized in various industries. In short, business leaders can benefit from investing in continuing education for employees that does not disrupt normal business activities. In fact, eLearning can improve normal activities associated with worker productivity and efficacy.
The Right Approach to eLearning Drives Return on Investment
There are many facets to driving returns annually. Employee training and eLearning is one integral part of a puzzle that drives individual productivity as well as the overall efficacy of the entire business unit. Almost all businesses need to find innovative ways to provide a superior product or service than direct competition. Investment in eLearning for employees can help businesses of different sizes scale effectively and keep up. It is integral to take a data-driven approach to employee learning and training initiatives for optimal results.
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