Real World Impact
Time Savings
On average, only 1% of the workweek is dedicated to training and development in the workplace. Hence, there is a need for organizations and employees to maximize training time, while also achieving the best possible results.
E-learning provides employees with all the fun and engaging ways to learn effectively. To top it all, employees have the luxury of selecting their most convenient and preferred time of learning and at what pace they wish to study. This, on its own, is both a luxury and a big boost that ensures faster learning capacity.
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Versatility
Elearning is no longer a preserve of individuals looking to further their studies.
Stats on online education show that two in five of the largest companies in the United States of America are also taking advantage of it.
61% of experts say the top reason these companies are using the platforms is to close their employees’ skill gaps. 46% say growth is their priority, while nearly 44% want to improve employee engagement.
- Close Skill Gaps
- Employee Growth
- Employee Engagement
Increased Retention
In contrast, retention rates of face-to-face training are much lower: 8% to 10%. With e-learning, students have more control over the learning process.
What’s more, if they happen to forget something, they can revisit the material whenever they need to. And – they can retake that online quiz if they failed it the first time around. This takes a lot of the pressure off and allows them to focus on actually learning
Increased Revenue
An “American Society for Training and Development” survey of 2,500 companies discovered that those with “comprehensive training programs” have 218% higher revenue per employee and 24% higher profit margins.
This stat demonstrates beyond doubt that it pays to invest in your employees’ education.
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Student learning
Even though instructors are expected to offer extended student support outside of class, they’re not available 24/7. At least not in person.
In fact, many students now prefer to contact their instructors via email instead of during office hours. And this flurry of emails has a massive effect on the total number of emails sent per day
Digital learning technology is there to help students – whenever they happen to need it.
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Increased Revenue
Massive Open Online Courses (MOOCs) have been in the market since 2011. Their success was apparent from the start, with students worldwide signing up in record numbers.
Most universities now offer them, not to mention convenient online platforms like Coursera or Udemy. Even governments are now joining in and offering country-specific versions.
In 2021 alone, MOOCs had a whole 40 million sign-ups. As of 2022, students in this sector are 220 million, according to e-learning stats.
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