The Business Case for eLearning

No matter how qualified and competent your employees are, there will always be a need for training.

Efficient, Cost-Effective Training

Whenever a company introduces a new product or service, implements a new business process or software application, modifies its structure or goals, or seeks to make improvements in overall operations - training is critical. The question is which method of training yields the best results?

For years, traditional classroom training was the only practical option. But scheduling this type of training has become more and more difficult as the pace of business increases. And, it’s even more so when an organization has a staff that is geographically dispersed.

Done correctly, eLearning is the perfect complement to a traditional training program. While a company will still have need for personal interaction and mentoring, for most subjects, a large amount of the instruction can be effectively put online. eLearning is an ideal means to communicate information, simulate processes, and test knowledge.

Key Advantages of eLearning

  1. Eliminate wasted time and money.
  2. With traditional training, the more people being trained and the more geographically dispersed they are, the greater the training costs. Often, the money isn’t even spent on the actual training; it goes toward airfare, lodging, meals and refreshments, and conference room rental. With e-Learning, the cost stays the same whether you’re training 100 people or 1,000 people, and 100% of your training dollar goes toward training.

  3. Condense training.
  4. eLearning allows participants to focus on the information they really need. A traditional class that lasts 2 days and has an attendance of 12 people per class can be often converted to 6 to 8 hours of eLearning, saving the company 120 man hours per training session and thousands of dollars a year.

  5. Improve productivity.
  6. With eLearning, employees can receive training anytime and anywhere—at work, home, or flying cross country. Your sales team can even train during down-time so it doesn’t interfere with business.

  7. Improve consistency and effectiveness.
  8. eLearning makes sure that all of your trainees are getting consistent instruction that is easy to document.

  9. Evaluate learning retention.
  10. eLearning provides built-in measurement of employee knowledge. Both pre- and post-assessments can be incorporated into any program.

  11. Provide risk-free simulations.
  12. eLearning can simulate real-life situations so you can train your employees how to use complex software or handle touchy situations in a risk-free environment.

Budgeting for eLearning

eLearning programs are not one-size-fits-all. It’s important to weigh the purpose, audience, and the complexity of the topic before determining what kind of eLearning program to adopt. We can provide valuable insights into the cost of eLearning development and maintenance, as well as the money you’ll save in the process.

Contact us today and let LBM’s knowledgeable consultants help you plan your next eLearning initiative.

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