Unlike traditional education, the benefits of online courses are that they can be studied at your own pace, in your own time, and from wherever you like. They are usually much cheaper than traditional institutional education, but without scrimping on the content. An online course can offer great value as they contain up to date and relevant information along with that, hectic schedules, irregular shifts, implementation of self isolation or lock down measures, can put training on the back burner.
Here are some incredible E-learning Facts & Stats:
- The worldwide e-learning market is projected to be worth $325 Billion in 2025.
- In 2017, approximately 77% of US corporations used online learning, but 98% planned to incorporate it in their program by 2020.
- E-learning increases retention rates by 25% to 60%.
- E-learning for companies grew by a stunning 900% between 2001 and 2017.
- A survey of 2,500 companies found that those with “comprehensive training programs” have 218% higher revenue per employee and 24% higher profit margins.
The recent pandemic has forced all of us to re-look the way we do business. In the future, it looks like it’s no longer going to be enough to let traditional methods of training “do the job”. What every company/organisation needs today is to consider a revolutionary approach to learning. Preferably, online learning.
By building an online training program that offers gamified and social learning opportunities, a company can increase employee engagement and productivity for the short and long term.
Really informative article