The term e-learning though now commonplace in daily language was only coined in 1999. Since then, as technology has progressed; on the software front with more sophisticated learning programs, on the hardware front with the mobile revolution, and on the connectivity front with improved reach and speed – an entire world of learning that cares little for space, time, or even distance has been unleashed on a population fluent in digital communication.
In an ever more competitive world where employees do not only hope to work and be compensated, but to also be nurtured and improved, it is important to consider how technologies can be leveraged to solve this human resource demand while optimizing staff performance at the same time. Many companies are already turning to Learning Management Systems (LMS), and the results have spoken with as high as a 26% rise in revenue when compared against companies that did not engage employees with e-learning opportunities. If this doesn’t convince you to make the investment, here are some other reasons you should consider.
- Flexibility and autonomy in learning
While workers want to learn, many want to be able to choose the modules they require information on and the time best suited for them to study. Unlike classroom learning activities which often bite deep into productivity time, e-learning allows employees to take responsibility for their own growth and development. This way of empowering employees encourages the fostering of learning as a habit as opposed to another task or hurdle set by the organization. It changes the motivation for learning from an extrinsic mental space to an intrinsic one.
2. Cost on the company vs. benefits
Scaling is perhaps the greatest advantage of the digital world over the physical. With well-stocked learning management systems like Peerless available at your fingertips, it has never been cheaper to acquire information on a wide range of helpful topics. And the best part is you can now do this without breaking the bank like you would have to if you tried to hire an expert to show up in person. As for the benefits, IBM has been able to demonstrate a range of advantages from increased productivity to better staff retention.
3. Insight into staff learning capacities
Many LMS platforms like Peerless are designed with monitoring dashboards that let employers monitor the learning progress of their employees. This is a good way to keep an eye on attitudes towards learning. Such data can come in handy when considering how committed some workers are to developing their skill set. Sometimes, this is all you need to decide who is better suited for a new position as you know they are more willing to learn and evolve.
4. Keep staff updated with real-time developments
In many progressive industries, what is fresh today is stale tomorrow. With e-learning platforms where content is updated regularly, it is much easier to keep your employees in the loop of trends regarding the latest industry trends and practices.
5. Help employees diversify their scope of competence
Besides the core functions, an employee is hired for, there are so many other skills essential to their productivity and integration into their role. This includes soft skills like leadership, time management, social and emotional intelligence, and so much more. The variety of lessons offered on LMS platforms allow users to not only brush up on task-specific skills but also on a broad range of useful skills that contribute to overall workforce development.