Ongoing training is an important part of any business.
Employees who are continuously learning new skills and keeping up with new trends are not only an invaluable asset to any business; they also tend to be more satisfied with their job.
How E-Learning Helps Businesses
The most successful businesses know that one of the best investments they can make is in their employees. When companies take good care of their employees, their employees take good care of their customers.
As a result, businesses are abandoning the “customer first” model and are instead embracing an “employee first” model.
The best way in which you can invest in your employees is by giving them opportunities to grow. Learning new skills allows them to tackle new challenges, which helps your business grow.
E-learning Streamlines Business Growth
One of the constant challenges for businesses is keeping pace with the changing demands of a growing market. E-learning allows employees to quickly learn new skills as you expand your business operations.
Employees can learn new techniques, new software programs or even soft skills like leadership or crisis management and grow with your business.
Here are the benefits that e-learning can bring to your business and your employees.
1. Cost Efficient
In the past, ongoing training often required a significant investment of time by employees and money by employers. A single one-hour class could represent a 2-hour or more investment of time when you factor in commute time and even parking.
Even onsite training required employees to drop what they were doing at the same time or the need to leave someone out to man the store or desk. With e-learning, however, employees can learn new skills wherever they are at a time convenient for them – with no commute necessary.
In addition, written training materials businesses had to purchase would become irrelevant as soon as a new version of software or hardware came out. With e-learning, however, employers can be sure their employees are learning the most up-to-date information about the latest software or equipment, without having to buy new materials every time there is a change.
What’s best, you don’t have to wait to reach a certain number of employees. As businesses have embraced the ease and benefits of scalability when it comes to operations and processes, e-learning courses have done the same.
You can enroll one, two, five or twenty employees at a time. You can scale up or down as needed, which makes the whole process accessible and budget friendly.
2. Improves Productivity and Performance
Traditional training methods are time-consuming and take away from important work or free time. E-learning, however, comes in bite-sized chunks that explain the specifics of a new task or issue.
For instance, if an employee needs to learn new skills to create an advanced spreadsheet, they can watch a video tutorial and walkthrough that will teach them everything they need to know. They don’t require an entire course for this particular task.
E-learning allows employees to have more control over what they learn. An employee with little to no experience with office software can take an entire course, while an employee who has already mastered the basics can jump into advanced training immediately.
That makes hiring easier, because business owners have certainty of quality onboarding and education of new team members.
All company types benefit from online education, especially those that operate from home and don’t include commuting. Home-based businesses mandate control and successful online collaboration for success. Business owners and employees that work from home need good systems to fight isolation and procrastination. E-learning becomes an essential tool in situations like these where productivity is a challenge.
3. Instant Insights and Feedback
Detailed analytics can help employers get immediate feedback on the efficacy of the training in ways that were not possible before. With e-learning, there is a much stronger link between learning and outcome. In addition, advanced analytics can help you see smaller outcomes that may not have been noticeable in the past.
If you show your sales team a 45-minute training video and there is an almost immediate 3% increase in sales, it may have been too small of an uptick in the past to notice. A 3% increase in sales after a 45-minute video, however, represents a fairly significant ROI.
Analytics can tell you not only what is working or not for every single step, but it can also tell you who’s it working for. E-learning offers a far greater ability to tailor learning to the specific needs of each of your employees.
4. Convenient and Flexible
Not only can your employees learn at a time that is most convenient for them, but they can also learn at a pace that is right for them as well.
Some employees may want to sit down and give a full hour or more of their attention to learning, while others may want to intersperse a few minutes of a single lesson throughout the day.
Some are capable of ingesting a great deal of information all at once, while others need information delivered in smaller, more manageable chunks.
In the past, training has also had to be delivered in something of a “one-size-fits-all” format, which was not always as effective as businesses might have liked. This often caused businesses to abandon in-house training programs because of their lack of effectiveness.
E-learning, however, gives employees far more flexibility to absorb the material in a way that works best for them.
5. Improved Retention
While video is far and away one of the most popular forms of training, some employees find video tutorials frustrating, especially if there is no transcript available. No matter how many studies show that humans are inclined to be visual learners, some people will always absorb written material better than audial material.
Another great thing about e-learning is gamification: it helps to learn faster, and badges and achievements help keep motivation high.
E-learning also allows going back over parts that were missed or are harder to understand until they master it. In a group or classroom setting, this is often not possible. Employees that want or need things repeated until they grasp will avoid asking for clarification because they don’t wish to slow down others.
E-learning eliminates this problem
One definition of business says it’s a group of people working together to accomplish a certain goal or task. If your people aren’t growing, neither will your business. Investing into your employees and letting them learn new skills will ultimately help your business reach new heights.