77% of the U.S. companies offer online training as a way to improve their employee’s professional development.
The corporate eLearning market is expected to grow 13% per year until 2019.
Benefits of the eLearning When Done Right
1. eLearning takes less time
Why? Online training requires 40-60% less time than the classroom one
Self-placed learning and mobile learning allow learners to choose the most suitable time and placeLearners do not have to spend time to travel or commuteMicrolearning that breaks material into bite-size chunks enables learners to spend as little as 5 minutes per session
2. eLearning costs less
26% of companies saw a decrease in cost after implementing eLearning:
$11 per learner vs $95 per learner
Businesses save a minimum of 50% when they transition from classroom training to eLearning
Why? With eLearning you don’t have to pay for:
Travel and accommodationInstructor for every training sessionFacilities (classroom and equipment)
3. Employees learn more
The participants of an eLearning course learn five times more without increasing the time spent in training.
Why? eLearning engagement strategies like edutrainment and gamification increase the learning intensity
4. Employees remember more, compare:
60% knowledge retention from eLearning and 8-10% from face-to-face learning
Why? eLearning reinforcement strategies help learners retain more knowledge:
GamificationSpaced repetitionContinuous post-assessment
5. Employees become better at their jobs
53% saw an increase in productivity and engagement
10% or more in improvements to key performance indicators (KPIs)
Why? Because successful eLearning strategies include:
Learning content that is customized and relevant to workEnablement tools, such as action plans, templates, playbooks, checklists etc. can be directly applied to work
6. Employees like their job more
16% of companies saw a decrease in turnover rate
Why? 7 out of 10 employees are less likely to quit if they like the job-related training
7. eLearning helps achieve company goals
46% are more likely to be the leader in their industry42% say online training has led to an increase in revenue58% feel prepared to meet future demands72% believe that eLearning provides a competitive advantage
Why? Because successful eLearning is aligned with company’s goals.