Cost Savings
In 2010, the Toronto branch of Ernst & Young slashed training costs by 35 percent by ditching the older model of class-based training for in-house seminars led by satellite instructors and equipped with the latest training technology. Utilizing eLearning means you can spend less on getting your employees to the training and paying pricey instructors, and more on the actual delivery and retention of the information.
Higher Retention
Speaking of retention, eLearning methods are far superior to traditional lectures and training. eLearning utilizes the flipped classroom method, which requires students to absorb, read and listen to material online before discussing its application during class. This means a better use of class time and better retention as employees put the new concepts to work, rather than being idle participants. What’s more, emerging technology, such as gaming experiences, engage employees so they actually want to be a part of corporate eLearning.
Access to New Information
The corporate world moves fast — you need corporate eLearning that moves faster. Traditional training means reconvening each time a new concept is introduced. eLearning makes it easier to push new information out to those who need it the most. It’s more cost-effective, but more importantly, quicker for employees to receive new information online, rather than planning a new seminar or lecture every few months.
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