Building the Business Case for a Cost-effective eLearning Solution

eLearning has grown consistently in recent years to become a key tool for organizations seeking to gain a competitive advantage by upgrading their corporate training strategies in a highly accountable way. In fact, the corporate online training market is expected to grow by 13% per year through 2017. Today, 77% of domestic companies offer some form of online corporate training to improve the professional development of their employees (Pappas, 2015).

What contributes to this growth? Many factors impact the adoption and use of eLearning tools. One reason is the fact that the Cloud continues to change the way businesses and employees interact. Within Cloud solutions, eLearning has become a higher priority to corporations as they look at ways to integrate a cloud-based learning management system (LMS).

Perhaps most importantly, however, online employee training programs are proving to be an attractive, trackable workforce investment. Research shows a steady increase in businesses using eLearning to reduce the cost of training employees, save on operational expenses and provide the velocity to train employees quickly on required knowledge and skills. In addition, online learning can help retain employees, increase their productivity and successfully help team members prepare for leadership roles.

Thus, an effective training solution may be poised to deliver a strong return on investment (ROI) impacting an organization’s bottom line.

This white paper illuminates the potential financial value of eLearning training as well as the new level of cost-effectiveness it can bring to overall staff development.