Stunning Statistics That Prove The Power Of eLearning
At Schoox, we truly believe in the power of eLearning. We think that our eLearning is the future of education, and is incredibly valuable tool for corporate training and the development of employee skills.
When you use interactive training tools such as eLearning in your business, you’ll be able to boost employee engagement, and create a more positive workplace environment.
Not convinced of the power of eLearning? We’ll convince you! Check out these shocking statistics that show how valuable eLearning is in today’s corporate environments!
- The Average Employee Can Only Devote 1% Of Their Time At Work To Professional Development
Today, our workers are busier than ever. Most employees focus almost all of their day-to-day time performing their specific job tasks and in meetings, and performing routine administrative tasks.
In fact, is has been estimated by Deloitte that most employees can only spare about 1% of their weekly time – on professional development. That amounts to about 24 minutes a week. That’s not a lot of time, but if it’s used properly, it’s still enough to encourage professional development.
eLearning programs are easy to access and can be engaged in, whenever employees have time. And because they take less time than a comparable classroom session, employees can learn more – without spending more time away from work.
- eLearning Programs Take 40-60% Less Time Than Learning In A Classroom Setting
This is one of the most powerful aspects of using eLearning in your office. In a classroom setting, employees cannot learn at their own pace. They either finish their work before others and have to wait around, or they lag behind, and feel uncomfortable and embarrassed.
However, employees of all learning capabilities can enjoy a better learning experience with eLearning programs. A study from Brandon-Hall Group has shown that eLearning programs take around 40-60% less time to finish than comparable, classroom-based instructional courses. With eLearning, employees can learn more quickly, and at their own pace!
- 80% Of Workers Believe Game-Based Learning Is More Engaging
Games are all around us – and “gamification” in eLearning programs is a very powerful tool. By integrating social leaderboards and other game-based ideas into eLearning courses, employee engagement can be boosted dramatically.
In fact, a Deloitte study found that 80% of U.S. workers believe that game-based learning is more engaging and interesting than traditional classroom-based learning.
- eLearning Participants Learn 5x More – In The Same Amount Of Time
When IBM adopted a new eLearning program, they found out that employees were able to learn between 3-5x more when training – compared to using physical manuals, books, and classroom education.
By teaching more material in a shorter amount of time, IBM was able to streamline the workplace education process, and focus more employee time on day-to-day tasks. In turn, this resulted in reduced costs, and better overall profitability.
- Every Dollar Invested In Online Training Results In A $30 Productivity Boost
This was another insight gained from IBM’s foray into eLearning. The company estimates that, for each dollar they spent on online training products, they were able to earn a $30 productivity boost. There were several reasons for this:
- Employees could resume normal duties more quickly
- HR managers and employees spent less time overseeing employee education
- Skills learned could be applied in the workplace immediately
- 77% Of American Corporations Use eLearning Programs
In 1995, only about 4% of American companies were using electronic learning systems at the workplace. Today, that number is at 77% and growing. As eLearning becomes more inexpensive and accessible, even smaller companies are able to benefit from custom-made training courses.
eLearning programs are especially popular at Fortune 500 companies. According to Workforce.com, more than 70% of all training at Fortune 500 companies is delivered electronically, using eLearning and webinars, among other digital methods.
- eLearning Boosts Employee Engagement By 18%
eLearning makes employees feel valued, especially if you offer professional development courses that can help them be promoted from within your company. A study by Molly Fletcher revealed that implementing eLearning could help boost employee engagement by up to 18% – resulting in lower employee turnover and better workplace morale.
- eLearning Boosts Revenue Per Employee By 26%
Companies using technological training methods enjoy a 26% higher revenue per employee, according to a recent study. This is because eLearning helps employees find more development opportunities and improve employee satisfaction. In turn, this makes employees feel more valued, and leads to a lower turnover rate, as they are less likely to leave for a different job due to a lack of employee development.
See The Power Of eLearning Programs For Yourself With Schoox!
Schoox offers a wide variety of pre-built and custom eLearning programs. With our advanced platform and affordable rates, any company can benefit from the power of interactive learning.
So don’t wait. Contact us today, or visit our website to get a free demo of our eLearning platform! We look forward to discussing your needs, and how Schoox can improve your business!