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5 Key Reasons Why eLearning Is Essential And Not Overrated

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eLearning has become one of the buzz words in training in the Learning and Development domain. It has been praised for its flexibility and cost-efficiency. It delivers what it promises. The article throws light on the key points that talks about how eLearning supports both an organization's goals and learner’s development.

eLearning Is Essential And Not Overrated: 5 Reasons Why

More and more organizations are becoming actively involved in eLearning, as they are starting to realize how impactful and rewarding it can really be. It can help organizations become better and stand out from the competition, simply because it provides employees with outstanding opportunities to learn and improve their skills.

Learning and development are crucial because, as employees learn and grow, they become more satisfied with their jobs and they want to push harder and contribute to the company’s success. Before you know it, business is booming, and it’s all because of employees who were empowered to go the extra mile and help their organization thrive.

This is exactly what eLearning can help you accomplish and why it has become so important and popular in the business world, no matter the industry or niche. Here are the key reasons why eLearning is absolutely essential.

1. Speeding Up Employee Training

According to Brandon Hall Group’s HCM Outlook 2017 Survey, eLearning can significantly reduce employee training time. It typically requires 40-60% less employee time than learning in a traditional classroom setting. It enables much faster delivery because employees can access eLearning material anytime they want, and anywhere they are, setting their own pace and training whenever they have spare time.

Therefore, they don’t need to follow the pace of the group and, more importantly, they can easily skip what they already know, and focus on learning what they actually need. Also, they don’t need to travel to their training events or stay after work to engage in training, which additionally saves time and enables them to learn, and improve much faster.

2. Cost Reduction

Cost reduction is often the main reason why companies switch from traditional classroom-based training to eLearning. In-house training tends to be very expensive, primarily because of the need for a professional trainer who will deliver it and who will help employees improve their knowledge and skills.

On the other hand, eLearning requires only an online training software that is not just cost-effective but also enables employees to train at home. This translates to much lower costs related to travel, training venues, learning material, and trainers, not to mention that eLearning almost immediately leads to lower costs by speeding up employee training.

3. Maximizing Knowledge Retention

Maximizing knowledge retention is one of the most rewarding benefits of eLearning. According to Brandon Hall (2001 and Rosenberg 2001), eLearning can increase knowledge retention rate by 25-60%, simply because it is much more engaging than learning in a traditional classroom setting.

Since eLearning provides employees with various types of interactive content and multimedia, they can retain much more of what they learn and improve their skills and performance quickly. You can include gamification and provide them with interactive quizzes and activities that enable real-time feedback, which will all create an effective learning environment where your employees can truly grow and improve.

4. Increasing Productivity

Self-paced online learning leads to much higher productivity since employees can train at home, and then focus on their core tasks while at work. Learning in their free time will lead to better performance and higher efficiency, especially because online eLearning software will enable them to revisit any information they need, whenever they need it.

According to IBM statistics, eLearning can increase productivity by 50%. By utilizing online learning software, you will provide your employees with an incredible opportunity to engage in their training courses at any convenient time (at home, during downtime at work, or even on-the-go). This will enable them to quickly get up to speed with everything they need to learn, and their training will not get in conflict with their core daily tasks.

5. Better Collaboration

Almost every online learning software provides useful communication and collaboration tools, which are essential for knowledge improvement and building a strong collaborative workforce. This software will enable your employees to communicate with you and among one another in real-time, which will lead to increased engagement and a comfortable and empowering learning environment.

Real-time collaboration and feedback provided by eLearning will help you effectively address everyone’s strengths and weaknesses, and deal with skill gaps so that you can truly help your learners improve their skills and abilities, and ultimately enable them to improve and grow.

Why Has eLearning become A Must-Have?

We can safely say that eLearning has become an absolute must in today’s world because it provides learners with an exceptionally rich learning experience. But, how has eLearning become such an important part of corporate training, and why is it rapidly growing in popularity?

The previously discussed reasons show precisely why eLearning is essential, and why a growing number of organizations are adopting that particular approach to employee training. However, perhaps the most important reason why it has emerged as a must includes the fact that it significantly increases revenue and Return On Investment (ROI).

Over 40% of companies say that eLearning has helped them to boost revenue levels, and the companies that offer training using technology (including eLearning) have generated more than 25% higher revenue per employee.

Because of this, and all the other discussed benefits, it really doesn’t come as a surprise that eLearning has very quickly become essential, especially in the last 5 years. The introduction of microlearning, followed by social learning, adaptive learning, Virtual and Augmented Reality, and SaaS LMSs, all of which have made it necessary for making flexible learning possible in an online environment.

This evolution of eLearning is precisely what has enabled organizations to embrace the full power of online learning and take a huge step towards creating a strong workforce of high-performance and collaborative employees who truly contribute to the success and growth of their business.

posted Mar 23, 2019 by Khean

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+2 votes

Education Technology (also known as “EdTech”) refers to an area of technology devoted to the development and application of tools (including software, hardware, and processes) intended to promote education.

Put another way, “EdTech is a study and ethical practice for facilitating learning and improving performance by creating, using and managing appropriate technological processes and resources.”

Although this developing field may sound like a specialized niche, its potential implications are far-reaching and affect many segments of the population. Read on to find out if you’re among those most likely to benefit from the advancement of EdTech, and how you can contribute to its growth.

For Educators and Educational Institutions…

The great tech minds tasked with creating the data-driven processes and applications that facilitate learning may understand solution-implementation–but they can’t stand in for educators when it comes to disseminating knowledge.

Conversely, strong educators aren’t necessarily equipped or inclined to deal with all the technology available to them and develop ways to apply it to their discipline. They will be the first to tell you that there are enough challenges in their day-to-day work without asking them to become IT experts, as well.

“If developed and applied correctly, #edtech has the potential to become industry-changing”

Services like Alma and Engrade provide one-stop solutions for teachers and schools while illustrating just how far EdTech can take us. If developed and applied correctly, educational technology has the potential to become truly industry-changing for educators–streamlining time-consuming processes (like lesson planning, reporting, and record-keeping) and simplifying communication–with even farther-reaching implications for educational institutions themselves.

EdTech Magazine cites the capacity of this technology for providing institutions with “a very clear understanding of any number of points of reference — student progress, budget performance, alumni snapshots; the list of possibilities and insights truly is limitless.”

For this reason, the future of education relies on an ongoing dialogue between educators and educational institutions, and professionals in the tech world.

The future of education relies on educators, institutions & tech professionals

For Technologists and Designers…

For tech professionals, this means a growing and ongoing need for development in the area that is able to scale as evolving devices and technology multiply avenues for information delivery. And that’s a tall order in a landscape where these elements are developing almost more quickly than they can be understood and applied to the field of education.

Not surprisingly, the current rate of EdTech development is leaving gaps. The recent Software & Information Industry Association’s 2014 K-20 vision survey revealed a“high desire for more technology integration–and need for more support–at all educational levels.”

The annual survey, which polls nearly 1,000 educators across every tier of K-20 education, was released in June during the International Society for Technology in Education’s 2014 expo and indicated that “the ideal level of technology integration is significantly higher than current levels.” EdTech Magazine highlighted several findings from the report, including the following pain points:

  • The majority of K-12 respondents do not feel “highly prepared” for online, summative assessments: 42 percent say they have adequate bandwidth, and 36 percent say they have enough devices and other hardware for students.

  • Three-quarters of K-12 respondents say technology integration is highly important, but their current levels and ideal levels of integration do not align: Only 22 percent say their schools are already highly integrated.

These findings signal a need for technological and professional development on every level of EdTech and the presence of unique career development opportunities.

For Career Seekers…

While a number of job-seekers wish to find work that is simultaneously fulfilling and profitable, the two don’t always seem to go hand in hand (just ask a teacher).

However, the dramatic increase in venture capital investment in Education Technology promises just that.

Forbes remarks, “Whereas teachers generally top out at around $80,000 (and only if they get masters/doctoral degrees), education entrepreneurs have shown that making money and doing well are not always misaligned.”

Whether you’re embarking on a new career or seeking career guidance, the promise of the growing educational technology field delivers enticing opportunities to apply your skills in an environment with true global impact.

For Everyone Else…

At the risk of over-evangelizing the importance of Education Technology, it can be said that the successful development of these tools will impact every aspect of our future. Accessible, effective solutions for superior education empower students and teachers to focus on the task of learning. They can do more with the resources they have, improving the quality of education available to young people around the globe, and better-equipping them for the future.

These are our imminent engineers, architects, and doctors–the leaders of social and political movements to come. Making sure they have the best means available in order to prepare them for these roles ensures a brighter future for all living creatures, and for the planet itself. The next generation faces no shortage of challenges–it’s our job to see that they face no shortage of support in order to overcome them.

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