Using eLearning As A Cost Effective Training Solution
Employee eLearning has great potential to offer a cost effective solution for many businesses. It can increase employee confidence and their feeling of security. It gives companies the ability to improve employee knowledge of the organisation, and create loyalty and internal buy-in. With most people working from home at the moment, there is no better time to implement an online training option for your staff.
Companies that provide employee training, or are looking to, will want to know where the cost benefit lies and what the rewards of training online are, especially in these trying times...
Technology today permits more intelligence around ROI than ever before and with the right tools in place, you can account for every penny spent by generating some real stats.
Whatever the size of your organisation, having the faith in your employees to carry out eLearning courses autonomously is a great investment in their skill. This is possible because courses can be completed online at anytime from anywhere, allowing employees to learn on their own terms, at their own pace. It is especially poignant right now, with so many employers at at loss- trying to find work for their staff to do from home. Up-skilling your workforce has never been so popular!
An effective Training Management System will automatically track the learning journey, to give you a clear idea of how valuable your courses are, compared to the money invested. So how can eLearning help to stretch your training budget further?
Choose the right delivery method
Firstly, it is important to ensure that you find the right delivery method that will help you maximise your ROI. A Training Management System can help automate aspects of your learning environment and reduce the costs associated with in-house training. By logging onto a personal learning portal, course delegates can stay up to date with training completed, scheduled and required.
Portals come in all shapes and sizes, but it is important that you invest in a fully responsive system, that users can access from a range of devices, such as their tablet or smartphone. By doing this, course delivery, documentation and resources can be made available at employees’ fingertips, allowing self-delivery.
However, it is important to gauge whether eLearning is the most viable training option, depending on the type of training or individual learner. For example, using eLearning to teach a vocational skill may completely diminish ROI, as the delegate may come away not having learnt anything.
Stretch the budget
It may be time to supplement classroom training with eLearning and move towards implementing a blended learning approach. eLearning certainly gives organisations the opportunity to stretch the learning and development budget.
In-house training comes with a range of costs such as trainer costs, room hire, equipment provision and sometimes even travel expenses and accommodation. With an online learning environment, all of these costs can be eliminated, as learners can access their courses wherever and whenever they want.
All course content can be standardised, easily updated and distributed to all learners, to ensure that training is consistent. Some of the other benefits of using a Training Management System for eLearning include:
- Reducing the costs of training administration, as all courses can benefit from automation
- Reducing the risks of duplication or human errors
- Integrated online booking systems can allow learners to book onto courses that suit them
- Companies can track and trace their entire training portfolio and assess which courses are most valuable
- ROI can be easily measured and companies can see which areas of the business are benefiting from eLearning
Remember, it's all about content!
eLearning packages can be bespoke to different employees and roles, and created in-house or using one of the many creative media companies on the market. By doing this, you can appeal to a wider range of learners through a variety of methods.
Use a mix of media and make it interesting. Engaging your audience is the biggest challenge.
You can find more help and advice about coping with the impact of Coronavirus, transitioning your courses online and much more, on our dedicated help-page.