These days there are so many different ways to measure the effectiveness of eLearning and delivery of learning via an LMS. Here are just a few facts and statistics to ponder as you consider your investment in digital learning.
Learning through eLearning typically requires 40% to 60% less employee time than learning the same material in a traditional classroom setting.
eLearning increases retention rates 25% to 60% while retention rates of face-to-face training are very low in comparison: 8% to 10%.
Increased Engagement - the Learning Organisation
After implementing an eLearning program in their company, IBM found that participants learned nearly five times more material without increasing time spent in training.
For a big portion of the companies surveyed, knowledge translates directly into revenue. Specifically, 42% of companies say that eLearning has led to an increase in revenue.
In one study for every dollar invested in online training resulted in $30 in productivity, mainly because employees are able to resume their work faster and apply their skills immediately.
72% of organizations believe that eLearning helps them increase their competitive edge by giving them the opportunity to keep up with the changes in their particular market.
Increased Employee Engagement
Organizations can achieve an 18% boost in employee engagement by using eLearning technology.
Revenue generated per employee is 26% higher for companies that offer training using technology, including eLearning
IBM saved approximately $200 million after switching to eLearning
It is Clean and Green
Producing and providing eLearning courses consumes an average of 90% less energy and produces 85% fewer CO2 emissions per student than conventional face-to-face courses