Learning through eLearning typically requires 40-60% less employee time than learning the same material in a traditional classroom setting. eLearning increases retention rates 25-60% while retention rates of face-to-face training are very low in comparison (8-10%).
With eLearning, participants learn nearly 5 times more material without increasing the time spent in training.
42% of companies say that eLearning has led to increased revenue.
- Every dollar invested in online training results in $30 in productivity.
- Companies that use eLearning technology achieve an 18% boost in employee engagement.
- More than 41.7% of global Fortune 500 companies already use some form of technology to train their employees.
- 72% of organizations believe that eLearning helps them increase their competitive edge by giving them the opportunity to keep up with the changes.
Since, the year 2000, the growth of the eLearning industry has been 900%. The 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.
Britain's Open University's 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.