2010-04-24

Building value through e-learning

Drake Editorial Team

Companies used to view training as a necessary expense. But in today’s global workplace, training is now considered an investment.

Workplace education and training has become a multi billion-dollar industry. As with any other investment, a commitment to training is directly related to the expected returns from each dollar invested. One way of assessing the value of these returns is to measure the return on investment (ROI) of a company’s training program.

 

But What Kind Of Training Are We Talking About? E-learning.

Urgency, unpredictable volumes of work, and geographically dispersed employees working on the same project are challenges facing many companies today.


There is therefore a greater need to provide the kind of training that can be accessed quickly, is available globally, and contains consistent content – while demonstrating that the training initiatives are cost-effective.


The substantial advantages and cost efficiencies of e-learning (or “multimedia learning”) over traditional training are becoming increasingly evident to training departments, which have to convince senior executives that training expenditures will translate into real results.


The cost-efficiency of e-learning is significant compared to traditional instruction.The cost can be reduced further by purchasing off-the-shelf multimedia training on a “per head”basis.

 

There Are Numerous Other Benefits To The E-learning Training Solution

 

  • Saves time without delaying learning benefits, and with consistently higher learning results.
  • Allows the learner to study at his or her own convenience without the necessity of scheduling times for classes.
  • Minimizes travel costs and time away from work, so it’s well suited for training employees who are dispersed globally.
  • Provides a consistent curriculum for all trainees, yet it can be easily modified to offer more individualized instruction.
  • Allows the learner to practise skills in real time. Real-time monitoring of progress can also be made available, so that improvements can be measured and documented.
  • Reduces the need for in-house trainers, since instructors do not need to be present while trainees are learning.

 

Any full-time trainer on staff can be better utilized to assess specific training needs. The e-learning curriculum can be used as the basis for additional, specialized training.


E-learning, with a focus on high-quality instructional design and an engaging learning environment, empowers learners with control, influence, and responsibility over their training experience. This combined method can yield substantial improvements in learning and productivity, which, in turn, positively affects ROI and significantly improves a company’s competitive advantage.

03/24/2023

Top job motivators for candidates in 2023

Drake Editorial

As the workforce continues to evolve, so do the motivators for job seekers. In 2023, employers will need to be more creative in their recruitment strategies to attract and retain high-performing employees. To achieve this more effectively, it is necessary to comprehend the primary drivers that influence candidates' decisions in today's market and attract potential employees more efficiently. Let’s explore the top drivers for candidates in 2023.

Read more

11/29/2021

5 Essential Ways to Attract Talent in 2022

Drake Editorial

With the impact of the pandemic, the evolving workplace, and different employee mindsets, you will need to be forward-thinking to attract and recruit talented individuals in 2022. To rise above the competition, a practical and “people first” strategy will be required to capture the attention of top talent to get them on board.

Read more

08/22/2022

The 5 crucial ways to improve your onboarding... 

Drake Editorial

You're about to invest in hiring some great talent, so ensuring they are set up for success early, will lead to higher retention rates and improved productivity. 

Read more

03/29/2021

“Our Job is Not Our Life”  - The voice of a millen...

Drake Editorial

There are almost seventeen million millennials (Generation Y) in the UK. They will shortly become the largest demographic group in the country according to Statista, a European statistics portal. And this year, (2020)millennials (1981-1996) are forecast to make up 35 per cent of the global workforce. With these statisticshiring managers and companies must sit up and take notice.  

Read more

08/01/2022

How to reject a job offer (with examples)

Drake Editorial

You’ve gotten through the job interview stage, but what happens when the job doesn’t align with your career goals or salary expectations? Whether you are looking to counteroffer or are in the position of being offered multiple opportunities, sometimes it’s necessary to decline an offer.   

Read more

05/24/2021

The Need to Build Trust and Improve Communication ...

Marie-Claire Ross

In the hybrid work environment that we now find ourselves in soft skills have become more important than ever. A recent survey conducted by recruitment specialist Drake International found that organisations that have been working remotely now consider communication (84.5%), work ethic (47.6%), followed by adaptability (38.8%) to be the most critical to productivity. 

Read more