04/24/2014
Ten GREAT Reasons To Utilize eLearning in Your Business
eLearning works! Companies are now increasing their use of eLearning regardless of size, 41.7% of global Fortune 500 Companies used technology during for learning last year. (Elearning! Magazine, May 2013)
It Boosts Employee Engagement! Companies that use eLearning technology achieve an 18% boost in employee engagement. (Article: 3 Reasons to Implement eLearning in Your Organization, 2013)
It is Self Paced! With eLearning employees have more control over their learning process and can better understand the material, leading to a 60% faster learning curve, compared to instructor-led training. (Facts, Figures and Forces Behind e-Learning – August, 2000)
It’s Green! eLearning is good for the environment. Britain’s Open University’s study found that producing and providing eLearning courses consumes an average of 90% less energy and produces 85% fewer CO2 emissions per student than conventional face-to-face courses. (Knowledge Direct Web)
Sends A Consistent Message when You Need It! eLearning Technologies are boosting agility. 35% improvement in time competency, 32% faster roll out of new IT systems, 32% improvement in ability to introduce new products and services, 26% overall cost saving. (Towards Maturity Report, 2012)
It Increases Revenue! Revenue generation per employee is 26% higher for companies who employ training and development best practices through eLearning. (The Business Impact of Next-Generation eLearning, 2011)
Reduces Training Time! A Brandon-Hall Study reported that eLearning typically requires from 40% to 60% less employee time than the same material delivered in a traditional classroom setting.
It Improves Productivity! eLearning can help companies boost productivity by 50%. Every $1 spent in eLearning results in $30 of productivity. (The Value of Training- IBM Report) .
It Increases Retention! The Research Institute of America found that the eLearning experience increases the retention rate 25-60%! This is due to the student having control over the learning process as well as providing them with an opportunity to revisit the training as needed. ( e-Learning – A Strategy for Maximizing Human Capital in the Knowledge Economy)
Improves Your Organization! Organizations with strong learning culture significantly outperform their peers. 46% more likely to be first to market, 37% greater employee productivity, 34% better response to customer needs, 26% greater ability to deliver "quality products", 58% more prepared to meet future demand, 17% more likely to be market share leader. (Bersin & Associates, 2012)