The ROI of eLearning

By Lisa McGuire – In a constantly changing world it is only appropriate that we revisit the way we learn. Changes in technology, workplace demands and balancing the need to upgrade skills and training without decreasing productivity has lead to some exciting developments in education.

According to the largest online community of e-Learning professionals, elearningindustry.com, corporations in the United States have reported that e-Learning is now their second most valuable training method. Some of the reasons for this include less operational downtime while employees are training, an increase in topic retention thanks to the “at your own pace” nature of e-Learning and the bottom line savings of not having to travel and pay for expensive in-person instruction.

The world of e-Learning has taken hold across all spectrums of education. From elementary school kids brushing up their math and chemistry skills with the popular Khan Academy, a website that boasts 10M unique monthly users viewing over 2,400+ educational videos, to higher academia where an estimated one in four university students in the United States took at least one distance education course in the Fall of 2012. It is in the private sector, however, where we really start to see an investment in this new learning paradigm.

Companies have found that investments in e-Learning have increased the flexibility of their employees to complete training, improved the retention of course material resulting from the repeatability of the platform, decreased interruption to the routine of their workforce and a reduction in the real dollars spent on travel and training. In fact, companies who utilize e-Learning tools, according to a recent IBM report, have the potential to boost productivity by up to 50%. For every $1 that a company spends on e-Learning, IBM’s report estimates they can receive $30 worth of productivity. Bottom line, e-Learning is here to stay.

So it is with excitement and optimism that we present the FM Learning Centre to our members. We have responded to your concerns and made an investment in the future of workplace safety training with a platform that will soon be recognized as the standard for education.

Read the full June 2015 FIOSA-MIOSA Newsletter here.