Employee training and development 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 eLearning solutions. Let’s face it! With businesses slowly turning digital—and the global market starting to become highly competitive, you can no longer resort to your “ancient” 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 eLearning 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 eLearning, companies get back $30 from employee productivity.
- 72% of organizations believe that eLearning 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 lucrative asset and an important commodity for most modern businesses. However, while companies might need to incorporate such solutions, not every eLearning program is the same. That is why, in this article, I’ll discuss the different types of eLearning solutions you need to boost your business.
Onboarding Training Solution
As mentioned, the global market is starting to get significantly competitive. Every now and then, workers are taking every opportunity to find a workplace where they can maximize their talent and reach their full potential. As an effect, employers nowadays grapple with the need to match their recruits’ expectations. Newly hired employees are highly expectant of a meaningful integration with a new culture and workplace. Therefore, onboarding program coordinators must instill in their participants a sense of security and direction.
Gone are the days that an onboarding simply means a formal “orientation” for new recruits. Since companies are now entering a “new age” of onboarding, they need an eLearning 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 help you understand 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 eLearning experience with the use of modern technology.
A proper compliance program is as essential as your onboarding training. Executives are all aware of the legal and moral implications non-compliance might entail. Aside from being a necessity, compliance to certain corporate or governmental policies and regulations is a responsibility.
Not only do you have to educate employees on issues concerning the legal boundaries within which your company operates, it is also your responsibility to maintain a high level of employee morale within your organization.
This can only be possible if your compliance project succeeds in providing trainings that focus on addressing the true 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, the medium by which content will be delivered, and 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. Most eLearning solutions possess advance functionalities that allow administrators to create online courses with optimum speed and efficiency.
Product Knowledge Training
Given that complex technological products require a certain amount of training on the part of the sales personnel, companies must give a high regard to their employees’ product knowledge training program. When companies invest in providing 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 is why it is always good to ask if the members of your staff are equipped enough with the right product knowledge to improve customer relations.
Consumers have never been digitally connected ever since. They have also become smarter and more cautious when it comes to purchasing products especially online. What product knowledge training does is that it helps your employees understand your product/services from top to bottom. Your staff that is technically adept will not stumble when faced with different questions from customers. An adequately trained salesperson is confident and trustworthy. Thus, projecting this kind of image to your customers helps you solidify your credibility as a business entity.
Since product knowledge training can also be as intricate as other employee development program, the right eLearning solution should help you achieve the right mileage.
Find the Right Partner for Your Specific eLearning Solution
Now that you’re already aware of the types of eLearning solutions that can help boost your business, it’s all up to you whether to consider them or not. Should you decide to explore the idea of getting one, finding the right partner for your eLearning needs would be a great start.
With that being said, here are some points you need to keep in mind:
- Expertise and experience – It’s essential to ask your eLearning provider how long they have been working in the industry. However, longevity in the eLearning business is not a strong basis for choosing your partner. Know the quality of their experience and the number of projects your vendor had in the past. Try to do further research of their clients’ profiles and identify which among these projects were actually successful.
- Project Samples – Most of the time, these vendors offer free product demos for their clients. Take enough time to know their product—from understanding how it works to identifying its different features.
- Product Pricing – With the growth of the eLearning industry, you’ll be able to find numerous vendors in the market. With that, you’ll have the opportunity to compare their product pricing and select which one suits your budget.
- Client Testimonials – This is one area you should not take for granted. Client satisfaction is the primordial asset to any kind of business. If customers are happy with the products and services they are getting, they’d be willing to provide high praise for their providers. You can find in web a page where product reviews can be a melting pot of insights. Using these feedbacks can help you shape your decision.
If you wish to know more about the pointers above, get in touch with us at Cursum A/S. You can reach us at email@example.com or call us in our office in Copenhagen using this contact number: +45 7060 5818. Request a demo now to discover the power of our eLearning solution!