It is often said that employees are an organisations number one asset, yet many companies fail to truly invest in their staff. Learning & Development is vital in keeping employees engaged and motivated and can go a long way towards increasing staff productivity as well as retaining top talent. This is one of the many benefits of elearning as it addresses staff development needs in a very accessible way.
Staff retention, and more importantly, the retention of top performers can be a considerable challenge for many companies. The high turnover of staff comes at a significant cost to businesses in terms of recruitment expenses. One report by Oxford Economics estimates that it costs over 30k to replace a single employee. In a recent survey 27 out of 10 respondents said that job-related training and development opportunities directly influenced their decision to stay with a company, while lack of training and employee development is often cited as one of the top reasons for leaving.
So what’s the solution?
The benefits of eLearning to an organisation
eLearning has changed the landscape of Learning & Development bringing with it plenty of benefits for employer and employee alike:
eLearning is a cost effective training solution
With traditional face to face training the costs of transport, materials, trainers and accommodation can add up. One of the main benefits of eLearning as a training solution is the reduced cost. At less than £10 per person for a year in large organisations, our eLearning programs deliver highly effective training at an affordable price.
eLearning can boost staff productivity
According to a report by IBM, companies who use eLearning tools and strategies have the potential to boost productivity by 50%. The same report estimates that companies who practise eLearning generate around 26% more revenue per employee. Our eLearning solution is accessible at the touch of a button, anywhere, anytime, making learning easy, enjoyable and effective. With improved skills and motivation, increased employee productivity is inevitable.
eLearning can provide valuable insights into training requirements with opportunities to improve based on the learnings. Our eLearning solution allows companies to measure progress, engagement and ROI. L&D can keep track of teams and individuals with easy exportable reports. The dashboard facility provides employees with a chance to view their progress and achievements, keeping them motivated as they learn.
Capacity and consistency
eLearning means that large companies can ensure that all staff receive the same high standards of training and quality is never compromised. Online training means that courses are accessible 24/7 anywhere in the world making the tool perfect for global corporations.
Find out more about how our eLearning solution could benefit your business and get in contact with us, you can also find out more about the benefits of elearning and how it improves the learning experience here.