The growth and popularity of E-E-learning in the workplace have been significant, with the industry reaching a value of over $56 billion in 2015 and projected to continue to grow, reaching an estimated $200 billion by 2024.
This trend highlights the increasing recognition of the many benefits that E-learning can offer companies and their employees.
What is E-Learning?
E-learning, also known as electronic learning, is the delivery of educational content and instruction via electronic means such as the internet, mobile devices, and virtual or augmented reality. This type of learning can take place in a variety of settings, including traditional classroom settings, online-only programs, and blended learning environments. It can include a range of formats, such as self-paced tutorials, video lectures, and interactive simulations, and can be used for a variety of educational levels and subjects.
Why is e-Learning important in workplace?
It has become a popular and effective way for companies to improve employee development. With the advancements in technology, online learning platforms have made it easier for employees to access training and development courses from anywhere, at any time. In this blog post, we will discuss 5 ways E-learning can benefit your company and improve the development of your employees.
One of the biggest advantages of E-learning is the flexibility it offers. Online learning platforms allow employees to complete training and development courses at their own pace and on their own schedule. This is especially beneficial for employees who have busy schedules or who work remotely.
With online learning, employees can access training materials and participate in virtual classes whenever it is convenient for them. This flexibility can help to increase employee engagement and participation in training programs.
A study conducted by IBM found that for every $1 spent on online learning, a company gains $30 worth of productivity which highlights the potential cost savings that e-learning can bring to a company.
It is a cost-effective way to provide employee development opportunities. Online courses and training materials are often less expensive than traditional, in-person training methods.
Additionally, it eliminates the need for travel, accommodation, and other expenses associated with in-person training. This can help companies to save money on employee development while still providing valuable training opportunities.
The Research Institute of America found that E-learning can increase retention rates by 60%, which demonstrates the effectiveness of this method of training and development.
By providing employees with the training and development they need to be effective in their roles, it can help them to do their jobs more efficiently and effectively.
This can lead to increased productivity and better performance from employees. Furthermore, it can also help to improve the overall performance of the company, by providing employees with the skills and knowledge they need to take on new responsibilities and contribute to the growth of the company.
Aligned with 21st-century business:
According to the US Bureau of Labor Statistics, there were close to 80 million people born between the years 1976 and 2001 – the generation that is often referred to as millennials or Generation Y.
As the percentage of tech-savvy millennials rises in the workforce, the reliance on E-learning tools should increase commensurately. With people spending much of their time on digital devices, social media, and technology, it makes sense to provide training on platforms that employees are already familiar with and comfortable using.
This is where e-learning can provide a relevant and effective solution for modern-day businesses and employees. Providing training on platforms that employees are already using, increases the likelihood of user adoption and engagement.
Provides continuous professional development
E-learning allows for scalability in employee training and development, addressing a key weakness of traditional learning methods. Companies can engage employees in continuous learning, adapting, and modifying course materials to meet changing job demands.
One example of this is how apple utilizes online learning by annually training its employees on updated business conduct rules and compliance guidelines through online individual courses. This approach allows them to maintain high ethical standards among employees, with 98% of participants successfully completing the courses.
This highlights the ability of online learning to be tailored to the specific needs of an organization and its employees, providing an effective and efficient method for continuous learning and development.
In 2021, 73% of learning and development (L&D) professionals anticipated spending less on on-site instructor-led training, whereas 79% planned to spend more on e-learning for companies.
In conclusion, E-learning is an innovative approach for companies to invest in the growth and development of their workforce. E-learning offers many advantages over traditional training methods, including flexibility, cost-effectiveness, access to a wide range of courses, increased productivity, and opportunities for social learning. By providing employees with access to E-learning opportunities, companies can help their employees to improve their skills, knowledge, and performance, and in turn, improve the overall performance of the company. Investing in E-learning for employee development can be one of the best decisions a company can make for its future.
Top 3 companies that use E-learning:
E-learning has become a crucial tool for companies worldwide to train and develop their employees, including leading car manufacturers, Toyota Motor Corporation. Toyota Motor Europe (TME) uses E-learning to train nearly 20,000 engineers and technicians since 2005.
The company’s updated learning management system (LMS) offers uninterrupted training without the need for re-certification. TME’s E-learning platform provides classes for both technical and non-technical employees, as well as corporate E-learning materials for distributors and retailers in different countries.
Booking.com, a Netherlands-based travel aggregation company, has been in the industry for over two decades and has a significant number of competitors. To stay ahead, they continuously innovate, including implementing E-learning strategies for new employees to improve their technical skills.
The management at Booking.com encourages a culture of active learning by using online tutoring for employees, which has led to an increase in worker engagement.
Domino’s Pizza Group, a well-known company, operates a vast international network of over 10,000 pizza stores under the Domino’s brand. To ensure all employees have equal access to relevant and high-quality training materials, the company created DOTS – an online learning platform that delivers personalized training content to its employees worldwide. With DOTS, Domino’s Pizza Group plc can easily provide necessary training to its employees to enhance their skills and improve the overall customer experience.
Level up your E-learning initiatives with Learn Infinity: