With technology constantly changing, the power of eLearning gets stronger and stronger. These eye-opening statistics reveal the true extent of how eLearning has improved business processes and slashed costs.
According to Pi Datametrics, the search term related to electricals that saw the biggest year-on-year growth on Google in the UK from January to April 2020 compared to the same period in 2019 was “free online learning”.
90%of corporations now use elearning compared to just 4% in 1995.
A survey of 2,500 companies found that those with ‘comprehensive training programs’ have 218% higher revenue per employee and 24% higher profit margins.
IBM saved an estimated $200million after switching to eLearning.
In some large companies, up to 60% of total training costs are attributed solely to travelling costs.
42% of companies say that eLearning has led to increased revenue - 52% said it has improved productivity.
Every dollar invested in online training results in $30 in productivity.
Every dollar invested in online training results in $30 in productivity.Mostly because workers can resume their work faster and apply their skills immediately.
Since the year 2000, the growth of the eLearning industry has been of 900%.
Revenue generated per employee is 26% higher
Revenue generated per employee is 26% higherfor companies that offer training using technology including eLearning.
72%of organisations believe that eLearning helps them increase their competitive edge by giving them the opportunity to keep up with the changes.
Britain’s Open University study found that producing and providing eLearning courses consumes an average of 90% less energy and produces 85% fewer CO2 emissions per student than face-to-face training.
Almost 42% of global fortune 500 companies already use some form of technology to train their employees.
With eLearning, participants learn nearly five times more material without increasing time spent in training.
Organisations can achieve an 18% boost in employee engagement.
What can we take away?
With such substantial financial and productivity gain, you should be asking when, not if, your business should be switching to eLearning.
These statistics show that having a structured and managed eLearning plan can play a vital role in improving business performance and enhancing the experience for your students.
Running online courses?
Check out these 10 killer ideas for marketing your eLearning course!