Providing solid e-learning opportunities for your employees can help you improve retention rates and engage your workers. The e-learning market has grown immensely over the years and is projected to be worth billions in just the next five years. In fact, 98% of employers expect to incorporate online learning by this year, revealing just how valuable of a role e-learning plays in companies. 

To properly implement e-learning to scale company growth, you may consider adopting e-learning management software. This software keeps the e-learning process organized, customized and engaging, ensuring companies will have effective and qualified employees to lean on when scaling their business.

E-learning Management Software

The functions and roles of e-learning management software vary depending on your company’s overall goals, both in the long term and the short term. Generally speaking, the main purpose of e-learning management software is to help provide structure and accessibility to a company’s training procedures — for example, through tracking systems and central storage of e-learning content. 

The goals behind using e-learning management software is to ensure the learning process is as simplified as possible. That way, employees can grow not just professionally but also personally, which will improve performance in other areas as well.

Reduce Costs of Employee Training

A major benefit of e-learning management software is that it allows you to reallocate your funds from learning and development to other areas of the business. This can give companies more room to grow, especially if they’re not investing a significant amount of budget on training. E-learning management systems maintain and even improve the quality of training at lower costs. This is because all of the learning information is uploaded and stored in one location that is easily accessible and reusable by all employees. Results of this are reduced costs in booking training instructors for multiple sessions, making endless copies of training material or reserving training space.

Reduce Training Time 

E-learning management systems can help minimize training time while still ensuring relevant information is getting across to your employees. Information is distributed in a direct and organized method meaning your employees are not sitting through information they do not need or through sessions that get off track. Because these systems can be accessed from just about anywhere, employees can work at their own pace and not be held back or waiting on others to catch up. Employees can then track their progress through quizzes, interactive simulations or online exams. These exercises ensure that your employees are being given high-quality materials, which allows them to become even better at performing everyday tasks on the job.

E-learning has an impressive record for helping companies save time and money by investing these important resources in professional growth. It’s been found that companies that incorporated these systems have 218% higher revenue per employee and a 24% higher profit margin as well as a 35% increased retention rate. These numbers make a huge difference when moving a company towards an efficient state of growth and can help scale businesses considerably. 

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