How eLearning can Boost the ROI of Your Employees
By 14 Aug 2019
Organisations with the most successful eLearning programs are those who understand staff onboarding, training and ongoing development to be an investment, rather than an expense. While in the short term there is a cost for an organisation to provide such training, in the long run it will lead to the development of happier, more engaged, better performing and overall more profitable staff. In fact, organisations that offer training via e-learning experience a 26% increase in revenue generated per employee. This boost in revenue can be attributed to a range of factors, such as:
Greater Knowledge & Confidence
An effective eLearning program not only equips staff with the knowledge required to effectively perform their role but also provides them with confidence that they are doing so correctly. While possible for a staff member to learn on the job, it takes time and does not provide feedback or confirmation to the employee that what they are doing is correct. Investing in effective training will enable staff to more quickly become integrated and contributing members of the organisation.
Higher Motivation
Learning and development programs are designed to enable a staff member to better perform their role within an organisation. However, once these skills have been learned they will stay with that employee throughout their career. High quality, tailor made training programs show the learner that the organisation is invested in improving their skills and will lead to dedicated and progress hungry employees who want to continue to learn and grow.
Faster Career Development
As a staff member learns and grows, so too will their value add to the organisation. By providing staff with a good foundation of knowledge, as well as ongoing development and training, you will enable them to step up and take on new responsibilities quicker, becoming an increasingly valuable asset to the business.