Benefits of eLearning to SMEs and Start-ups
The demand for eLearning is increasing as more companies and start-ups are relying on providing eLearning to their employees, as it speeds up employee training. In addition, eLearning uses many other technological developments, such as learning management systems and graphical user interfaces that exceed traditional learning. .
In fact, according to LinkedIn’s 2018 report, more than 90% of companies believe in providing employees with digital learning. According to a training report prepared by Training Mag in 2018, more than 80% of companies conduct compliance training through eLearning for their employees. . This article will walk you through eLearning and how it can benefit small and medium enterprises and start-ups. Also, it includes the benefits employees experience during eLearning.
What is eLearning?
eLearning is also known as web-based training. It is a learning method in which students or staff engage in structured learning experiences. The best part about eLearning is that learners don’t have to be present at a particular place and can instead learn anywhere and anytime. It is excellent for training employees in the workforce and is often used by corporations to train them.
In this era of intense competition and rapid development of technology, employees must be well trained to keep pace with evolving technologies and increase productivity. To gain an edge over the competition, companies prefer employees who are well versed in their job roles and are experts. To meet this expectation, companies train and educate their employees through various methods to help them adapt to the growing and rapidly changing environment.
Earlier, companies used traditional methods to train their employees. However, it had many shortcomings due to which a new method of training and teaching was needed to replace it. That’s when eLearning came into play.
Benefits that eLearning adds to SMEs and start-ups
There are many benefits that eLearning offers to small and medium enterprises (SMEs) and start-ups, such as:
1. More flexibility
Generally, companies spend a lot of time training their employees to maximize their productivity. However, traditional training is a very time-consuming and tedious process, as you have to gather the employees together to conduct the training session, which is extremely difficult.
However, with eLearning, employees go through the same training session, but at their own pace and convenience, as they need easy access to the Internet and mobile phones. Companies can essentially provide training at their fingertips through their mobile phones. Also eLearning benefits employees in a big way because they don’t have to spend time absorbing knowledge and attending physical classes to learn new skills. They have flexibility. Furthermore, it is also customizable for business as you are not restricted to predefined training but instead can tailor sessions to different workplaces and needs.
2. Inexpensive process
Conducting traditional learning is very expensive as you need to rent space to train a few hundred employees. The cost of renting physical space increases as the number of employees increases. Additionally, you will also have to provide them with some additional materials and equipment, which again incurs a cost.
By adopting eLearning, you don’t need to rent a separate physical space or provide additional materials. This ultimately reduces costs. Isn’t it great? It is very beneficial if you want to conduct training for more than 500 employees, because you don’t have to pay for space for it. You can easily send documents.
3. Short learning time
An important advantage of training employees through eLearning is that it trains employees through visuals, charts, images and videos. How great would it be if you didn’t have to waste more time figuring things out and could easily understand information through visuals? In fact, employees prefer to learn through visuals rather than through text. Also, visuals help employees retain information much faster than reading text.
4. Enhanced employee retention rates
According to LinkedIn’s Workforce Report 2019, more than 94% of employees prefer to stay at a company that invests heavily in their careers. Conversely, if a company does not train its employees, the employee turnover rate will increase.
In fact, eLearning is an excellent retention strategy for retaining employees in the same company for a new job role. Also, it introduces employees to routine activities at lower cost and ensuring greater efficiency.
In general, the first three months with a new employer tell a lot about their work strategy and job role. If employees are provided with eLearning at the start of employment, they can begin work with maximum productivity and greater efficiency.
5. Increased efficiency
You must be wondering if conducting training through traditional methods is more efficient. However, e-learning efficiency can be as high as that achieved through traditional methods. In eLearning, the same training takes place and the same content is provided to all employees. Additionally, you don’t have to arrange for physical space and gather all the staff.
Benefits of eLearning for Employees
Here are some of the benefits that eLearning offers to employees:
Employees are more likely to stay at a company where they can grow to their full potential. Ease of technology has made learning very easy and convenient for workers. Digital learning will train employees efficiently, which will increase their work productivity and allow employees to learn anytime and anywhere. Also, through online training, employees get real feedback from top industry leaders, which is great for addressing and improving their weaknesses.
2. People oriented
The eLearning process is people oriented as people learn from other people. With the ease provided by technology, they can easily share their tips and stories, and ask questions whenever they want. In fact, through social media, you can easily raise questions and quickly spread them to others, for someone to acknowledge and answer the question. Or, you can immediately type into Google and read the answer. Employees can make the most of these platforms and learn from them and share with others.
A very holistic approach to eLearning development. eLearning enables you to connect the dots between activities, experiences, and technologies, which can easily determine an employee’s learning journey. You can easily track employee learning. With all the discussions, downloads, and webinars you can easily move from one learning resource to another, and it doesn’t matter where you are.
eLearning makes everything easily accessible, and content can be easily passed on to others without incurring any additional cost. Plus, companies can easily onboard employees, meet compliance regulations, and increase scalability as it reaches all employees, thereby increasing efficiency and productivity. One solution can easily access multiple employees as it is a one-size-fits-all approach to learning. Another added benefit of eLearning is that it can be largely tailored and customized to individual employee needs.
Employees do not need to commit time to complete the course at a particular location. They can complete it wherever they want, as long as they have access to the Internet. They can watch lectures over and over again at their own pace for as long as they want.
If done correctly, eLearning can be a valuable asset to both the company and its employees. The benefits of eLearning are many and can be an added benefit for employers as employees are willing to work for companies that offer excellent employee benefits and can contribute a lot to their career growth.
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