eLearning Return on Investment (ROI)
With so many categories of RETURN ON INVESTMENT (ROI) with eLearning vs. traditional classroom training, the returns go well beyond monetary gains.
Classroom training is only as good as the delivery of the instructor on any given day. Along with the instructor’s performance, a host of variables beyond anyone’s control could affect how much of the knowledge actually sticks after the training. There’s no assurance of quality control.
How do you measure classroom learning? At the end of the class with a test? That’s a one-time measure of a specific point in time—comparable to the picture (no pun intended) provided by an EKG. On-board tools allow you to track performance over an extended period and give you the chance to offer remedial work to those who fall behind.
Classroom instruction often removes the employee from the workforce for one or more full days at a time. If the same material is presented in smaller modules, learners can complete one or more small modules during downtime. eLearning also delivers learning with a potential for GREATER RETENTION.
As new employees enter the workforce, there’s a need for more training. eLearning satisfies the need to create once and use repeatedly without any further outlay of dedicated classroom or human resources. And if eLearning replaces travel— Ka-CHING—you’ve hit the jackpot!