In this era of high-speed internet and smart mobile devices, the need for online training amongst enterprises is constantly on the rise. Both large and small business organizations are starting to move away from their traditional training programs and are investing in online and mobile learning systems, enabling their employees to learn more effectively.
According to 2019 LinkedIn Learning Report, 59% of enterprises are increasing their spending on online learning platforms and gradually reducing the traditional practices of physical instructor-led knowledge training. And by 2024, the trend of online training or eLearning will become the mainstream for every Learning & Development program in the enterprise sector worldwide.
“Online Training is not the next big thing; it is the ‘now’ big thing.” — Donna J. Abernathy, an educational author.
What is Online Training?
Online Training mainly refers to the management, delivery and tracking of training using systems that can be accessed via the internet. Enterprises, who want to improve the efficiency of their employees for better work productivity, understand the importance of online training programs and accordingly prepare online courses or modules using tech-based learning management systems.
Since online training for enterprises doesn’t involve any physical location, dedicated trainer/expert, and heavy schedule; the execution cost is lesser (around 30%) when compared with traditional conferences/seminar training.
Many leading corporate organizations like Deloitte, IBM, Samsung, and Sony, have successfully implemented online training programs and are helping their employees in learning new tech skills such as Cloud Computing, UX design, Artificial Intelligence, Sales Leadership, and many more. Not limited to tech skills, online training also helps employees in improving their soft skills including Creativity, Critical Thinking, Persuasion, Adaptability, and Collaboration.
Apart from delivery of courses online, enterprises are using learning management systems to deliver a “blended” training experience, wherein they continue to have elements of face-to-face workshops, along with online training. This enables organisations to get a best-of-both-worlds training experience. Finding a learning platform that can not only deliver online training but also enable the face-to-face workshops makes the transition to online learning for organisations a lot easier.
Why Online Training Is Gaining Popularity Among Enterprises?
In an era, where technology is continuously evolving, automation is thriving, and jobs are changing faster than ever, every enterprise is working towards sustainability.
By reinventing the careers of employees as per industry demands, corporate organizations are now standing out, both in terms of results and expertise. They believe the key to sustain in this ever-changing market is to stay updated and help employees in learning new and advanced skills. When existing employees or manpower brush up their working skills, they not only stay employable, but also contribute to the growth of organization.
Up-skilling (or Re-skilling) employees, is helping organizations in resourcing the right talent as needed. Also, employees with enhanced skills seem to work better with increased efficiency and performance. According to a study by IBM, for every dollar spent on online training/ eLearning, an enterprise receives $30 worth of employee productivity.
This means, the more you encourage your employees to take up online courses and be engaged in the learning process, the better they can nurture their skills and deliver higher work productivity.
Advantages of Online Training over Traditional Training Methods
With utmost flexibility and convenient features, online learning is disrupting the established norms of traditional training. To understand how, check the following advantages of online training for enterprises.
- Reduced Time & Cost – eLearning is very much cost-effective when compared to traditional forms of training. Expenses related to location, travel, course materials, instructor fees, can be avoided in online training programs, as everything is managed virtually. Apart from cost, enterprises can also save on their valuable time, as the digital setup is readily available and easy to access using the internet. On average, time required to educate employees online is reduced to 40-60% of what is required in traditional training.* (Source)
- Easy to Design and Deliver – Thanks to easy content creation tools and large libraries of curated content , it is now possible to design tailored training materials and learning paths as per enterprise’s needs. With the help of easy-to-use eLearning authoring tools, any organization can create & customize online training courses on their own. Also, depending on the language preferences of employees, an enterprise can easily translate the online courses and meet the learning needs of multilingual workforces.
- Better Engagement of Employees – According to a LinkedIn survey, “the biggest barrier to learning is time.” Since employees are always packed with their day-to-day activities, they rarely get enough time to attend those traditional knowledge training sessions, and hence they often fail to improve their skills. But as online training offers a self-paced learning environment with less pressure and distractions, employees engage better, ensuring higher retention rate and more productivity.
At Teamie, we provide a social and mobile learning platform to help organisations embrace a digital training experience, and enable online, and blended training courses. To get a live demo of our online training platform for enterprises, contact us today.