- 25 April 2016
- Written by: yves
- Categories: E-Learning, Procurement, Stakeholders, Supply Chain
New e-learning technologies have brought new corporate training opportunities to the table, and online learning is gaining popularity fast. The replacement of the traditional classroom-based model has led to a number of improvements, especially for larger organisations.
Several factors determine the appeal of e-learning and turn it in the training mode of preference for hundreds of corporations across the globe.
Cutting Training Costs
Classroom-based learning features many costs that are eliminated through the introduction of the online training model. This is the main reason why online courses happen to be much more affordable. Additionally, online learning opportunities reduce the need to spend on travel to a distant location for a training or a seminar.
In a large organisation, the administration of a training can be very time-consuming and financially challenging. These difficulties stem from the number of people that will need to go through the course. A large corporate training can also be a logistical nightmare. E-learning opportunities streamline those processes and cut down the organisational costs at the same time.
The learning will be centralised and a supervisor can keep track of progress online. There will be detailed reports about the progress being made by each department. This monitoring opportunity doesn’t come with tons of paperwork and complicated procedures.
Statistics suggests that by implementing e-learning opportunities, large corporations can reduce anywhere between 40 and 60 per cent of the money that will otherwise be spent on improving employee qualifications.
Faster Learning and Improved ROI
The longer a learning opportunity continues, the more expensive it’s going to be. Some of the classroom-based further qualification programmes are expected to last anywhere between three and six months.
Studies suggest that e-learning cuts down the time by approximately 50 per cent. Employees acquire new skills faster. After getting the skills, they can implement the new knowledge and boost productivity within the organisation. Needless to say, enhanced productivity reduces expenditure and results in enhanced revenue generation opportunities.
Here’s a simple example – Ernst & Young reduced nearly 35 per cent of the company’s training costs by replacing the traditional seminars and workshops with web-based courses. They also managed to condense the nearly 3000-hours classroom courses into 700-hour online programmes and 500-hours of classroom-based studying. The reduction in the amount of time needed for course completion exceeds 50 per cent.
Consistency in Learning
When an e-learning opportunity is developed, the consistency of training is guaranteed.
The involvement of instructors for staff training could contribute to significant differences from one session to another. This could be detrimental for large organisations that are trying to introduce standardisation.
Online learning opportunities deliver the same outcome and consistency in learning every single time. Both the process and the delivery of content are standardised, allowing all of the workers to end up acquiring the exact same skills.
Whether large corporations go for hybrid learning opportunities or 100 per cent web-based professional training, the benefits of the innovative approach are obvious. E-learning can be designed to support the organisation’s goals and to correspond to the corporate training budget. It gives consistency, real-time access and a higher degree of employee retention. Over the years, it has established itself as a superior training option and numerous studies prove the effectiveness of web-based and remote programmes.