10 proven tangible commercial benefits of eLearning and why it's now going to help transform your business and career
The knowledge acquired through eLearning translates directly into revenue.
42% of companies say that eLearning has led to an increase in revenue.
eLearning increases retention rates 25% to 60% while retention rates of face-to-face training are very low in comparison, at only 8% to 10%.
This is because with eLearning students have more control over the learning process as well as the opportunity to revisit the training as and when needed.
Every $1 invested in online training results in $30 in productivity. This is mainly because employees are able to resume their work faster and apply their skills immediately.
This is especially relevant for sales teams where time spent in the field is directly related to dollars earned for the organisation.
Revenue generated per employee is 26% higher for companies that offer training using technology, including eLearning.
This is because it enables companies to train more frequently (nearly 25% of all employees leave their job because of lack of development opportunities, resulting in turnover costs).
72% of organisations believe that eLearning helps them increase their competitive edge by giving them the opportunity to keep up with the changes in their particular market.
eLearning typically requires 40% to 60% less employee time than learning the same material in a traditional classroom setting.
This is because it can be accessed 24/7, whenever the student needs it, meaning their workflow is not interrupted. And it's important to note that saving time does not affect learning quality.
After implementing an eLearning program in their company, IBM found that participants learned nearly 5 x more material without increasing time spent in training.
By teaching more material in a shorter amount of time, companies are able to reduce the time employees spend on training, thus allowing them to get back to work faster, which in return translates into reduced costs.
Organisations can achieve an 18% boost in employee engagement by using eLearning technology.
41.7% of global Fortune 500 Companies already use some form of technology to train their employees.
eLearning is good for the environment. Producing and providing eLearning courses consumes an average of 90% less energy and produces 85% fewer CO2 emissions per student than conventional face-to-face courses.
These eLearning courses have been tried, tested and proven over many years and are always being fine-tuned to help you and your business achieve very REAL results that you can feel rightly proud of