No matter how qualified or competent your employees are, there will always be a need for training. And with today’s economic challenges, it’s vital to ensure training remains as cost-effective as possible and takes as little time as possible. This is one of the reasons why Knowledge Resources has arranged the Online and eLearning Conference to explore the latest trends in eLearning solutions. But cost and time savings aren’t the only benefits of e-learning. A recent article from SHIFT!’s research blog revealed that:
- With eLearning students have more control over their learning process and can better understand the material, leading to a 60% faster learning curve, compared to instructor-led training (Facts, Figures and Forces Behind e-Learning – August, 2000).
- IBM, after rolling out an eLearning program for managers, found that participants learned nearly five times more material without increasing time spent training (Article: eLearning Success- measuring the ROI impact and benefits, May 2013).
- Learning technologies are boosting agility. 35% improvement in time competency, 32% faster roll out of new IT systems, 32% improvement in ability to introduce new products and services, 26% overall cost saving (Towards Maturity Report, 2012).
- Revenue generation per employee is 26% higher for companies who employ training and development best practices through eLearning (The Business Impact of Next-Generation eLearning, 2011).
- Reduced learning times – Brandon-Hall Study, reported that eLearning typically requires from 40% to 60% less employee time than the same material delivered in a traditional classroom setting.
- eLearning can help companies boost productivity by 50% (The Value of Training – IBM Report) .
- The Research Institute of America found that the eLearning experience increases the retention rate 25-60%! This is due to the student having control over the learning process as well as providing them with an opportunity to revisit the training as needed, which is ideal for infrequent users ( e-Learning – A Strategy for Maximizing Human Capital in the Knowledge Economy).
- Organisations with strong learning culture significantly outperform their peers. 46% more likely to be first to market, 37% greater employee productivity, 34% better response to customer needs, 26% greater ability to deliver “quality products”, 58% more prepared to meet future demand, 17% more likely to be market share leader (Bersin & Associates, 2012).
Join us from the 29-31 July 2014 for the Online and eLearning Conference to explore the latest trends in eLearning solutions. Get the real stories and engage with the leaders of the online and e-learning industry in South Africa. Click here to learn more.