Corporate LMS – Advantages & Potential of Corporate E-learning
Education based on electronic technology is e-learning. E-learning is the method of conducting educational activities in mutual interaction between teachers and students without being present in the conventional classroom using electronic technology such as computer or mobile, internet and e-mail, video conferencing, instant messaging etc. E-learning system makes it possible to ensure availability of knowledge or learning material anytime anywhere. Currently, various types of e-learning portals have been launched for education. Through these students can study the subject of their choice at home. E-learning is commonly used to teach specific degree courses or programs online. Various universities around the world also offer their courses online for a fixed fee. As a result, foreign university degrees can be obtained at home. Advantages and potential of corporate e-learning A revolution of e-learning is being observed in developed countries in the last ten years! Organizations like Coursera, edX, Udemy, Lynda have made online courses very popular among people. Although initially started with academic courses, slowly its popularity started to increase in the corporate world as well. Most of the Fortune 500 companies are currently working on some kind of eLearning program. However, the one thing that prevents most companies from implementing an online training strategy alongside offline training is the cost! Is online training really effective? Are the benefits of online training so great that a large portion of the HR budget can be spent on it? HR managers who are thinking about such questions; Or trying to find out the real benefits of online training; Here are some points for them: Reduced cost of training One of the biggest advantages of corporate online training is that it actually cuts down on costs. The cost of re-arrangement, logistics, trainer fee, printed material etc. for offline training of the same subject is reduced a lot in online training. Costs come down a lot as everything a subject needs is always open to everyone on the online platform. Yes, in the beginning some tasks like e-learning platform (LMS), content development etc. require some initial investment and cooperation of e-learning experts. However, considering the operational cost of running training on a continuous basis, online training is more cost-effective than offline training. Online training is available right when needed When an employee may need reference on a particular subject, or learning material, or any important information. With online training or e-learning, that information or material can be accessed instantly – exactly when needed. Let’s say, an employee got confused about something while providing refund service to a customer or wanted to confirm the information. If there was online training, he could easily access that information from an online course on customer service by logging into his account. In this way, you can easily keep your employees informed and knowledgable about any information or work procedures of the organization – thereby increasing the overall customer satisfaction and work practices of the organization! Employees can learn on their own time With the facility of online training modules, employees can go through them according to their time and convenience. He can learn from online courses at his own pace, at his own pace, while managing his office work at convenient times of the day or week, without having to adjust to what is being taught in the corporate training classroom, or what other employees are learning. In offline classroom training there is often a pressure to keep up with the trainer. Online training doesn’t have that pressure; In this case, you can go to the next lesson or module at your own convenience after mastering what is being taught! Dependence on corporate trainers is reduced The most significant advantage of online training is – dependence on corporate trainers is greatly reduced. Online training eliminates the hassle of repeatedly managing corporate trainers to train the same or different groups on a specific subject. So after creating online training materials for the first time, there will be no need for a trainer. On the one hand, the cost is reduced; On the other hand, trainers and staff do not have to waste valuable office hours behind classroom training! The productivity and quality of work of the employees as well as the organization increases According to a report by IBM, one of the world’s largest computer manufacturers, companies that use e-learning strategies and tools have the potential to increase their overall productivity by up to 50%. It is estimated that for every $1 spent on eLearning, a company can gain about $30 worth of productivity. Employees who are well trained, who are more informed about the company’s services or products or work areas and procedures, will be able to provide better support to customers and colleagues. This will increase the efficiency of the staff as well as the entire organization! And through offline classrooms at the time and at the cost you can give this training to as many workers as you can; Online training can increase the skills of many employees in the same time and at the same cost. Starting from ten-twenty-fifty workers, hundreds, even thousands of workers can be trained together at low cost online! Can be useful in recruiting qualified new staff The practice of using corporate e-learning in employee onboarding, or pre-onboarding programs has begun in various organizations! How does it work? Suppose that after hiring new employees, or at the time of hiring, they were given access to various online modules! The modules contain information on the history of the organization, work style, culture, day to day life, service or product, code of conduct, ethics, compliance, etc. These modules will then make new and talented employees interested in joining the organization. Moreover, when potential employees or common people know about these e-learning programs of the organization, they will see them as Employment Benefit! The organization’s employee turnover rate decreases It is estimated that 25% of employees who leave an organization do so solely because the company did not provide adequate training and learning opportunities!