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Facts About Online vs Traditional Learning
Retention rates of 25 to 60% vs just 8-10% with face-to-face training
Online
Learning participants learned 5x more material without increasing the time
spent training.
IBM implemented eLearning training programs for their employees and proved how efficient it can be. Online, learners were able to learn almost 5 times more material without spending more time training. Many employees prefer training online since eLearning typically requires 40 to 60% less employee time than learning the same material in a traditional classroom environment. - (Shift Learning)
Online learning requires 40-60% less time than traditional learning.
Around 40% of Fortune 500 companies use eLearning for training. (Skill Scouter)
Companies with training programs have 218% higher revenue per employee
Companies with extensive training programs are earning 218% higher revenues, a number directly correlated to the number of employees they train. According to Deloitte, the average employee must dedicate approximately 1% of their weekly time to training. This small-time investment empowers employees to stay updated with best practices, upskill their abilities, and learn about developments in the industry.
Companies that use eLearning see an 18% boost in employee engagement.
Employees who participate in eLearning experience an 18% boost in engagement. This boost in motivation comes from happier and more confident employees. Studies show that companies with an actively engaged workforce produce 2.6 times the earnings per share when compared to its competitors. (Molly Fletcher)