Employee training will always be the cornerstone of every company’s success. And in a modern business landscape, you just can’t turn your head away from the benefits of e-learning solutions. Let’s face it! Businesses are turning digital. The global market has started to become more competitive. Thus, it will also be difficult to resort to your “old” employee training practices.
Here are the reasons why:
- In 2017 alone, 70 % of US corporations used online learning and might grow to 98 % in 2020.
- The global e-learning market will reach $325 Billion By 2025.
- Comprehensive training programs lead to a 218% higher revenue per employee.
- Studies show that for every dollar spent on e-learning, companies get back $30 from employee productivity.
- 72% of organizations believe that e-learning gives them a competitive advantage.
Source: eLearning Industry: Top 20 eLearning Statistics For 2019 You Need to Know
Indeed, digital learning has proven to be a lucrative asset for most businesses. However, while companies might want to incorporate such solutions, not every e-learning program is the same. That’s why, in this blog, I’ll discuss the different types of e-learning solutions you need to boost your business.
Onboarding Training Solution
As mentioned, the global market is getting more competitive. Every now and then, workers are taking every opportunity to look for a workplace where they can maximize their talent. As an effect, employers nowadays grapple with the need to match their recruits’ expectations. New employees are expecting an easy integration with a new culture and workplace. Therefore, onboarding coordinators must instill in their participants a sense of security and direction.
Gone are the days that an onboarding means a formal “orientation.” Since companies are now entering a “new age” of onboarding, they need an e-learning solution that is engaging, structured, and in a way, immersive.
Notice how I used the words engaging, structured, and immersive to emphasize the difference between onboarding and orientation. It should tell you that onboarding—unlike orientation, is not a two-hour event where you just hand over policy handbooks. Onboarding must have defined goals and the overall process should be multi-dimensional.
A structured onboarding program has objectives that are specific, measurable, attainable, realistic, and time bound. On the other hand, having a multidimensional onboarding process means engaging your participants into various activities where they can be both physically and mentally active. Lastly, onboarding is immersive in a sense that it enhances one’s e-learning experience with the use of modern technology.
A proper compliance program is as essential as your onboarding training. Companies are all aware of the legal and moral implications non-compliance entails. Aside from being a necessity, compliance to corporate or public policies is a responsibility.
Not only do you have to educate employees on issues about legal policies, it’s also your responsibility to maintain a high level of employee morale within your organization.
This can only be possible if your compliance project provides trainings that focus on addressing the real challenges faced by your employees.
There are few roadblocks though that you might encounter as you start running your compliance training program. Some of the issues might have something to do with the complexity of your topics and the medium by which content will be delivered. Another issue would be the overall feasibility of its execution.
Good thing, there are solutions in the market that can help you simplify the process and boost its efficacy. For example, LMS solutions have advance functionalities that allow administrators to create online courses with optimum speed and efficiency.
Product Knowledge Training
Complex technological products require a certain amount of training on the part of the sales personnel. Thus, companies must give a high regard to their employees’ product knowledge training program. When companies invest in quality training, they ensure that sales professionals communicate their products and services with great erudition and enthusiasm.
It may also come a point where salespersons will be faced with pressing product inquiries from customers. That’s why it is good to ask if the members of your staff are equipped with the right product knowledge to improve customer relations.
Take note that consumers have never been this digitally connected. They have also become smarter and more cautious when it comes to purchasing products online. What product knowledge training does is that it helps your employees understand your product/services from top to bottom. Your staff who is technically adept will not stumble when faced with different questions from customers. A trained salesperson is confident and trustworthy. Thus, projecting this kind of image to your customers helps you solidify your credibility.
Since product knowledge training can also be as intricate as other employee development programs, the right e-learning solution should help you achieve the right mileage.
Find the Right Partner for Your Specific E-learning Solution
Now that you’re already aware of the types of e-learning solutions that can help boost your business, it’s all up to you whether to consider them or not. Should you decide to get one, finding the right partner for your e-learning needs would be a great start.
With that being said, here are some points you need to keep in mtind:
Expertise and experience
It’s essential to ask your e-learning provider how long they have been working in the industry. However, longevity in the e-learning business is not the only basis when choosing your partner. Know the quality and number of projects they had in the past. Try to do further research of their client profiles and identify which among these projects were successful.
Most of the time, these vendors offer product demos for their clients. Take enough time to know their product, from understanding how it works to identifying its different features.
With the growth of the e-learning industry, you’ll find numerous vendors in the market. With that, you’ll have the chance to compare their product pricing and select which one suits your budget.
This is one area you should not take for granted. Client satisfaction is a primordial asset to any kind of business. If customers are happy with the products and services they are getting, they’d provide high praise for their providers. You can find on web pages product reviews that can be a melting pot of insights. Using these feedbacks will help you shape your decision.
Need a Training Solution for Your Company?
Now that you’ve learned the different types of training solutions, you’re more likely to identify which of them would suit your needs as a company. We at Cursum can guide you in the process of building the best training solution or platform that will help you boost your business big time. Now is the perfect time to bring significant changes in your training initiatives!