Companies that Offer eLearning Generate 25% More Revenue per Employee

We all know that for any business goal (such as making money, keeping customers happy, making a difference in the community or anything else really), your staff is what the outcomes most depend on. That’s why it’s always in your best interest to keep your staff fully trained on product, sales skills, interpersonal skills, and many other subjects that are crucial to the success of your business. eLearning provides a great way for your staff to keep their knowledge and skills up to date without placing the burden of high training costs on your business. And any investment you make in your staff is a direct investment in your business. Studies show that companies that offer eLearning generate 25% more revenue per employee. Wouldn’t you want to have more revenue? Maybe you should give eLearning a try and see what it can do for your company.

Without going into much detail on how revenue is connected to the availability of eLearning, it’s worth mentioning that competent, happy, well-trained employees result in a better work product. And while traditional instructor-led training programs have been a go-to tool when it comes to staff training for many decades, business managers are now realizing that instructor-led programs are not the most efficient way to train their staff. In addition to the costs associated with developing the training, the cost of each ongoing training session should be taken into consideration. Also, the classroom trainings are often hard to schedule, and they may require travel and time spent away from work. With eLearning, companies only need to pay once to develop the training. And once it’s in place, it can be taken and re-taken by as many employees as needed without incurring any additional costs. Additionally, the staff can take such training without having to leave the workplace. This not only saves time, but results in higher productivity, which means higher revenue for the employer.

Many companies already believe in the power of employee development. By encouraging, motivating and facilitating various programs for employee training and development, organizations are able to boost their productivity, performance and even the profits. Many organizations have recognized the benefits of employee training and development and now have a dedicated team of in-house or outsourced trainers who regularly conduct various employee engagement activities to enhance the performance of individuals as well as teams as a whole. These activities not only focus on improving employee performance, but also augment behavior and soft skills which go a long way in day to day tasks, particularly for those employees who directly interface with customers.

References

https://www.learnunbound.com/articles/how-employee-training-lead-to-higher-revenue-and-profits

eLearning Company Blog | January 23, 2017