eLearning has its origins in 1990s when it began as a method to enhance learning. Over the decades it has evolved due to and also by technology where workforce skills and knowledge are increasingly important. Trends and requirements to train employees quickly, cost efficiently and also to pass down knowledge in a systemic way, created a need for eLearning. While companies relied (some still do) on instructor training, having eLearning course ultimately generates better results while also reaching many more people, that an instructor ever could.
By 2025 the eLearning market is expected to reach $325 billion. Employee requirements for skill and productivity change as technology related changes bring new trends. Corporations use digital systems to organize and standardize learning practices that make education more streamlined and fun to do.
Why is eLearning getting so popular? Well the reason is digitization and rapid technological advancements. Digital connectivity, information sharing, ease of use devices, all help eLearning to utilize the best learning programs which cut training time, are cost effective and standardize knowledge that is passed on. Flexibility of eLearning is what makes it such a great investment for corporations.
Corporations are slowly realizing that using the correct eLearning tools can increase productivity by 30%. Lets not stop there. Employee engagement while using eLearning is 18% better than traditional methods, while also cutting down on time spent learning by 65%. To make these stats even better, eLearning knowledge retention rates are up to 60% higher compared to instructor training.
There is no doubt that eLearning is the future for any corporation or company that relies on instructors training their employees. The main advantage of eLearning is that it is the best presentation of learning you can create, while at the same time it offers entertainment to your trainees. And when trainees have fun, they remember more. There are many reasons why corporations and schools will continue adapting eLearning: it is cost effective, time saving, flexible, convenient and can be adjusted to any age group.
To help you understand eLearning a bit more and what trends are currently popular, we will describe them in this article. Once you understand what each of the different eLearning technologies do, it will help you execute proper training program to develop your employees skills. Our goal is that you find the best training strategy and receive a return on investment.
eLearning Benefits in Corporate Training
Advancement in research of human behavior and learning, helped eLearning industry grow quickly with the technologies it is incorporating. With many companies having multi generational workforce it is vital that training is done to pass knowledge quickly, and as clearly as possible to your workforce.