Global economy has been going through tremendous changes, due to factors like rapid digital transformation, shockwaves of Covid-19 pandemic, evolving consumer behavior, and many other geopolitical reasons. The changes demand businesses to continuously evolve in order to stay abreast. One part of this evolution for businesses is to continuously reskill their workforce and prepare them for future roles and responsibilities.
Once again, technology comes to the rescue of businesses in such situations. Using artificial intelligence-powered elearning solutions, businesses can strengthen their corporate learning programs to bridge the skill gap for their workforce, make them more competent, and future-ready.
Why Should Corporates Invest In Elearning?
Often, skill gap creeps in when businesses make relatively less investment or support for corporate learning and development. In such a situation, the existing skills of employees start getting obsolete in the face of changing external environment. As a result, people start underperforming at work, or, in other words, their potential is untapped. Elearning is now proving to be a cost-efficient, convenient, and effective way for providing adequate learning and development support for employees even as they continue to engage in their day to day jobs.
Here are some of its benefits:
Elearning Is Cost Efficient
Since most businesses focus on financial numbers, corporate training is often perceived as a cost head, with no immediate return on investment. However, this leads to the skills gap and makes the workforce incompetent. However, now many employers are realizing that Elearning platforms are an extremely low cost, with minimum ongoing investments. Moreover, these platforms can be customized as per the business need of any organization/industry. Thus, any corporate training program can be easily implemented using an Elearning platform.
Elearning Is Both User-Friendly And Efficient
Elearning is an efficient process for developing and delivering training content. The most obvious benefit of implementing elearning for bridging the skill gap is that employees can access the course content on their computers and mobiles, from anywhere, anytime. This liberates them from the burden of attending a pre-decided classroom session, at the cost of their workday.
The content is designed and delivered in such a way that people engage with it, rather than going through the motions of a classroom training program. They have the opportunity to collaborate with colleagues and instructors to find solutions. Some of these problems can even be gamified to seek more engagement and collaboration among participants. Thus, the learning outcome in an Elearning module could be much higher compared to traditional methods.
Once the training is complete, a learning management program also assists the instructors create various analytical dashboards to keep a track of the learning journey of participants. The insights from such dashboards may help the concerned organization reallocate the successful learners for new roles and responsibilities.
Elearning Keeps The Employee Morale High
Elearning motivates employees because they know that the courses will help them prepare for future roles and responsibilities and advance their career. Thus, the learning outcomes are clear. This clarity breeds an intrinsic motivation. Since elearning keeps employees engaged with the content and interacting with their colleagues, there is no monotony or boredom that a traditional instructor-led training session often comes across. Moreover, eLearning focuses upon increasing collaborative learning among employees, something that most corporates have always aspired for.
From the industrial revolution that started back in the 16th century, we have come to the knowledge revolution of the 21st century. Businesses that nurture the knowledge-driven workforce will stay ahead of the curve. In this new revolution, Elearning will be an important enabler for businesses that aspire to dominate the future.