09/01/2023
Business leaders are always looking at ways to develop and improve their teams but at to what cost? UK employers spend around £42.0bn in training and team building each year, with an average spend of £1,530 per employee making it a costly investment.
Yet plenty of research into learning retention rates shows that people forget anywhere between 50-70% of what they learned....after just one day! In the days following their learning, the retention continues to steadily nosedive - something that is frequently called the 'forgetting curve'.
So, what can you do? Here’s the good news: There are some types of training and team building activities which leverage learning retention for your employees and make sure those development initiatives are actually worth it.
Using Virtual Reality, employees are able to experience workplace scenarios via the headset that would usually be too expensive, too dangerous, or impossible to recreate under normal circumstances.
VR provides a more memorable and active learning experience which has shown to improve memory and skill retention. In fact, one study has showed a 10-15% increase in test scores after implementing VR training for employees...now that must be music to the ears of employers who are looking for cost effective and efficient training methods!
If you are not sure how VR could work for your business, let's chat to find out how I can help.
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