Employees are said to be an organisation’s most important asset. Which is why a considerable amount of time and resources is spent training them. But what if there was a more flexible option that increased value and reduced costs?
An increasing number of organisations are rethinking their training strategy and moving away from traditional training methods. In fact, the 2017 Training Industry Report found 40% of respondents were anticipating purchasing online learning tools and systems. The following are just some of the many reasons your business should consider implementing your own online training solution.
Return on Investment
As they say in business – money talks. And traditional training methods can be significantly costly to administer. Expensive learning materials, venues, travel, catering, printing – all become considerations of the past when you move online. Once content is created online, it can be reproduced and updated for next to no cost. And since training can be done from the comfort of the home, employees don’t have to stop work and sit through training at inopportune times. Better still, no need to pay for an expensive onsite trainer.
Stop trying to fight the human attention span – by allowing employees to work through training at their own pace, many of the barriers to information retention are instantly removed. On top of this, embedded images, audio, and video allow you to develop more engaging content. In fact, The Research Institute of America says online learning boosts information retention rates by up to 60%.
The speed and ease at which you can develop courses allows you train your team more frequently. This also ensures that training is current and relevant. Always wanted to your team to undergo drug awareness, or sexual harassment training, but never had the time or resources to organise it? These courses can be created and updated easily, and can sit in an online library for easy access. More proof that you should do more training? In a UK study, 74% of workers said lack of training was the biggest hurdle in achieving their full potential at work.
Less Administrative Burden
Getting your entire team into the one room on the same day for training can be a logistical nightmare. Online learning means no more coordinating when and where a course will take place. Another bonus? No more grading coursework or manual input of results. Online learning automates this entire process – including generating certificates, issuing notifications, and updating records.
The additional data captured by an online learning system allows you to further track the learning within your organisation. Completion rates, testing scores, engagement levels – these are all readily available. Quickly see who has completed what training, and monitor an individual’s training progress. Use the data to revise training and further develop your course design.