The Cost-Effective Benefits of eLearning in the Workplace

The way businesses train their employees has evolved significantly over the years. Gone are the days when classroom-based training was the norm. Today, eLearning has become a popular and cost-effective way for businesses to train and develop their employees. In this essay, we will explore how eLearning is more cost-effective than classroom-based workplace learning, and how it delivers better results and tangible ROI.

Classroom vs online

First and foremost, eLearning is more cost-effective than classroom-based training. According to a report by IBM, businesses can save anywhere between 30% to 70% on training costs by switching to eLearning. This is because classroom-based training involves a lot of overhead costs, such as travel, accommodation, and venue rentals. With eLearning, all you need is a computer and an internet connection, and you can train employees from anywhere in the world.

Moreover, eLearning is a more efficient way to develop employees. It allows employees to learn at their own pace, which is particularly beneficial for those who may need more time to understand a particular concept. According to a study by Brandon Hall, eLearning increases retention rates by up to 60%, compared to just 10% for classroom-based training. This is because eLearning allows employees to revisit the material as many times as they need to fully grasp the concept.

A wider range of learning resources

eLearning provides employees with access to a wider range of training resources. With classroom-based training, the resources available are limited to what the trainer brings with them. With eLearning, however, employees have access to a vast library of training materials that they can use to further their knowledge and skills.

Furthermore, eLearning delivers better results and tangible ROI. According to a study by the American Society for Training and Development, companies that offer comprehensive training programs have a 218% higher income per employee than companies that don’t. ELearning allows businesses to deliver comprehensive training programs that are tailored to the specific needs of their employees. This, in turn, leads to a more skilled and productive workforce, which translates into tangible ROI.

In addition, eLearning allows businesses to track and measure employee progress more accurately. With classroom-based training, it can be difficult to track employee progress, as there may not be a system in place to monitor this. With eLearning, however, businesses can track and measure employee progress through the use of learning management systems (LMS). LMSs allow businesses to monitor employee progress, track completion rates, and measure the effectiveness of the training program.

Moreover, eLearning allows businesses to deliver consistent training to all employees, regardless of their location or department. With classroom-based training, it can be difficult to ensure that all employees receive the same level of training, as this may depend on factors such as location and department. With eLearning, however, businesses can deliver consistent training to all employees, ensuring that everyone is on the same page and has the same level of knowledge and skills.

Finally, eLearning allows businesses to update training materials more easily. With classroom-based training, once the training materials have been printed and distributed, it can be difficult to update them. With eLearning, however, businesses can update training materials in real-time, ensuring that employees have access to the most up-to-date information and knowledge.

eLearning is more cost-effective than classroom-based workplace learning

It is also a more efficient way to develop employees, delivers better results and tangible ROI, allows businesses to track and measure employee progress more accurately, delivers consistent training to all employees, and allows businesses to update training materials more easily. With these benefits in mind, it is clear that eLearning is the way forward for businesses looking to train and develop their employees in a cost-effective and efficient manner.