Nine Reasons to Invest in E-learning
In the past few years, e-learning has taken the world by storm; and the Covid-19 pandemic has further catapulted this adoption. E-learning, be it through online courses, webinars, workshops, or trainings, has transformed the lives of students and professionals. For organizations and individuals, investing in e-learning is now inevitable. Here are nine reasons why:
For organizations, offering online courses and trainings to their employees is far more cost-effective than traditional in-person employee development sessions. The cost of signing up for a Learning Management System is free to minimal. There is also no cost of an on-site instructor or sending employees off-site for a training/course – and hence no travel or accommodation costs. Additionally, a study by IBM found that participants learned nearly five times more material via online platforms, without increasing time spent in training. This allows employees to get back to work faster, which in return translates into reduced costs.
Improves Employee Retention
Employees who are consistently learning something new and adding to their skill-set are satisfied and are more likely to remain loyal to their organization. By giving them access to online training and self-paced learning modules, employees can pursue their professional goals and feel motivated to improve their job performance. Through e-learning, they can also realize their areas of improvement and identify core strengths, so that they are able to become better employees and more informed advocates of their organizations.
Boosts Team Productivity
When employees are well-informed and up-to-date with the latest tools and technologies, they are able to not only help themselves, but also perform better as a team. Let’s say, two members from a team enroll in a basic course on SQL Database Essentials, other two opt for a training on Data Analytics using Cloudera Data Platform, and the lead signs up Leadership and Scalability; by doing this, the entire team can bring something new to the table and learn from each other. In the same vein, an organization can train its entire workforce on different topics and technologies, and boost its overall productivity, brand image and customer satisfaction.
E-learning provides a cost-effective way to standardize employee skill-level across the board. It’s easier for organizations to keep track of the courses/webinars/workshops taken by employees, and also identify where the gaps lie. Learning analytics offered by online platforms provide a more transparent method for the HR/L&D team to provide equal opportunities to all employees.
Improves your Marketability
E-learning is an excellent medium to upskill, strengthen your CV, and improve your market value. Whether a person is between jobs, is looking to switch, or even wants to grow in their current organization, they can easily improve their skill-set via e-learning platforms like 10Pearls University. For example, a tech professional can enhance their agile software development skills, as well as soft skills like leadership or customer management. By adding various credentials in their CV, they can drastically enhance their value and employability.
Extremely Cost and Time-Effective
Online learning platforms are either absolutely free or have very minimal costs – and that is another factor for its rapid growth. Individuals can learn a new language, skill, tool all from the comfort of their home, and at no or fraction of a cost. All reference learning material is either provided by the instructor or is easily available online.
Freedom to Learn at Your Own Pace
E-learning, especially the self-paced modules, enables the ability to learn at your own pace. Unlike traditional learning, individuals don’t have to rush through the content being presented in the “classroom” or move at the pace of their co-workers/fellow students. E-learning gives each individual the opportunity to acquire and fully absorb what is being taught before they move on within the online training course.
Higher Retention of Knowledge
People remember far more of what they have learned through online learning, as compared to traditional channels. According to a study by The Research Institute of America, e-Learning increases retention rates by a whopping 25% to 60%! On the other hand, retention rates of face-to-face training are very low in comparison: only 8% to 10%. This is primarily because with e-learning students have more control over the learning process as well as the opportunity to revisit the training as needed.
E-learning is also much more environment-friendly than traditional means. Britain’s Open University recently released some astounding statistics: producing and providing e-learning courses consumes an average of 90% less energy, and produces 85% fewer CO2 emissions per student than conventional face-to-face courses. As a socially-responsible person, we must adopt such technological advancements to help reduce global carbon footprint.
E-learning is not just a viable alternative; it is a better one. It democratizes learning, unravels endless opportunities and is at the core of growth – personal or at an organization level. Head over to 10Pearls University website to explore myriad options for Academic, Corporate and Individual learning programs and options.