There is no shortcut to success for a business. To make the best out of your venture, you need productive employees who can work towards the unified goals of your organization.
Your workforce can be at their productive best only when they are equipped well with the right knowledge of your business processes.
Moreover, with technology turning tables, your employees need to be updated to tap the potential of the various tools of technology. This is where E-learning comes in to play a crucial role.
However, most organizations are skeptical about taking the leap towards eLearning due to the investment involved.
But if implemented right, E-Learning can help you reduce training costs by 50% as opposed to traditional instructor-based training.
And that is not the only reason why custom e-learning should be the call of the hour. Read on for more.
8 Reasons Why You Should Invest In Custom E-learning
1. When you want to reduce training costs
As opposed to the misconception, online corporate training actually brings down training costs. How? Think of the cost of stationery, printed training materials and salaries of on-site facilitators that you can cut down on.
With custom e-learning, an employee will get all the information right within the online training platform. Yes, you may have to make an initial investment. But that will be a one-time affair.
Moreover, the upkeep costs of an e-training platform, when considered as a consolidated figure, will be lesser than what you incur on traditional face-to-face employee development.
For example, an eLearning module with a year-round subscription can cost you more or less $10000.
But, an hour of a conventional training session will cost you at least $700. Even if the sessions are bi-weekly, that will amount to $17000 for a year.
2. When you want to make learning fun
Sometimes, an off-the-shelf course may fail to teach an industry-specific skill effectively. Instructor based courses may have human contact, but with human contact comes emotions like favoritism, which can affect your employees’ morale.
When you create custom e-learning courses, you get to convert the material into high-quality videos that put across your business objectives to employees anywhere and at any time.
Moreover, every employee working in your business is dynamic and may have different preferences.
While one can absorb more by reading content, some may learn faster via tutorial videos. Since E-learning modules can be created in all formats, they get the prerogative to choose how they want to learn.
3. When to want to give employees easy access to information
Online training gives your employees the chance to use relevant information and training materials whenever and wherever they need it.
E-learning modules can be the ultimate solution if you have employees who work remotely for your organization.
“Since we have a team of research scholars who work remotely due to their other obligations, we offer e-learning courses on changing educational norms to keep them updated”, says Emily Eckhart, the HR manager of the academic site MyAssignmenthelp.com.
For instance, if someone from the sales team needs to go through the process of carrying out a customer refund, all they have to do is log into the training module portal to find out about the various steps involved.
This way, you would be able to maintain improved customer satisfaction, which would contribute to the goodwill of your company.
4. When you want your employees to learn at their own pace
Every employee has different learning capacities. While one can listen intently to a 15-minutes video and gather what he/she needs, another person may need to watch the video over again to get the garb of it.
With online training modules, your employees get to pick up new skills at their own pace.
In traditional training sessions, often an employee lags. With e-learning modules, there is no need to rush through what is being taught in the corporate classroom.
An employee can move at a pace that is comfortable instead of taking the stress to match pace with others. This allows them to fully absorb what is being taught before they move on to the next thing.
5. When you want to eliminate on-site instructors
Undoubtedly, the biggest reason why organizations are switching to online corporate training by the minute is to remove the costs of hiring an on-site instructor.
E-learning modules can be used on-the-go minus the need for an instructor, which means the elimination of traveling and accommodation expenses for the trainers.
Moreover, there is no need to allocate working hours to make time for corporate class sessions.
Furthermore, humans can be whimsical, but videos and online content cannot. So you do not have to deal with the emotions of a human when a video can impart the same job.
6. When you want to deploy business content rapidly
For a business, time is money and e-learning courses can help you mint more by making sure that the productive hours are not hampered in any way.
The best thing about e-learning courses is that they can be delivered quickly and conveniently. Your employees will be able to acquire new skill sets almost immediately.
For example, if you notice that your marketing team may need some additional training on marketing trends, arranging for an instructor and a session suddenly can be difficult (and costly!).
But you can easily deploy a webinar that focuses on the core skills that the employees need to cultivate.
7. When you want quick and convenient training updates
Unlike corporate one-to-one training sessions, online training modules can be updated easily.
If you have an in-house trainer, things might get even more complicated when you have to prepare a training session for your corporate instructor to update him/her.
However, this becomes way more convenient when it comes to online learning modules.
For instance, when your company launches a new product or a service, you can inform your staff about the changes by adding it to the LMS and making it mandatory for your team to log in to learn about the new protocols.
This way, you will be sure that your employees are up-to-date with essential policies.
8. When you want to boost employee productivity
If you’re wondering whether your online corporate training investment is worthwhile, then just think about how much e-learning can increase your employees’ productivity.
When you train your staff members with appropriate skill sets, they know how to deal with your products and services better.
When you invest in your employees and help them learn more, it boosts their morale and productivity. They also become more confident, which leads to more effort from their end.
Conclusion
Like every gift of technology, E-learning has only good things in store for companies – something that can certainly speed up the tedious process of achieving business goals.
Thanks to Custom E-learning courses, companies are translating knowledge into monetary gains at reduced development time and costs. E-learning adoption has also helped firms develop skills and remove inefficiencies that pose as detriments for a company’s success.
So what are you waiting for? Most businesses are using e-learning to reap the many benefits, and you should too. Here’s to the hope that your company tastes success soon!
