WIIFM- What's In It For Me

eLearning provides many benefits. The main benefits are:

Increased Retention.
eLearning is proven to be less intimidating than Instructor led training. Concerns about making mistakes in front of peers and management are eliminated. Simulated application environments empower users to learn business processes without fears of entering incorrect data or "breaking" the system. Since learners can work independently, at their own pace, they retain information up to 50% more than in instructor led training.

Cost effective.
According to Training Magazine, corporations save between 50-70% when replacing instructor-led training with eLearning. eLearning also conveys the same educational objectives in a shorter timeframe than Instructor led training, reducing the time an employee is away from the job. Because eLearning can be taken anytime, anywhere, it doesn't interfere with the critical operations of the employee: Employees can "bookmark" training and come back to it later. Finally, the just-in-time capability of eLearning provides a first tier of support to users of new technologies, resulting in an estimated 30% reduction in support costs related to the implementation of new applications and business processes.

Learning takes place anytime, anywhere.
eLearning is very efficient as it is available to learners on demand: whenever and wherever they need it, 24/7/365.

Real-time access to training.
In addition to delivering training 24/7, corporations can now update training contents instantaneously. Dynamic content keeps users up to date in fast-paced industries, with no need to collect outdated materials, distribute updated materials, and validation that users, indeed, are accessing the latest information available.

Access & Capacity.
Users who need to "brush up" on a particular business process can access the training module instantly, practice via simulation, test themselves on the module, and resume their work. This enables a corporation to make large amounts of information available to employees without sacrificing manageability or timely presentation.


The benefits of eLearning are in part on the efficiency (available anytime, anywhere) and its role in shortening the amount of time it takes to get learners up to speed on new products and processes. Improvements in the quality of education and training are an equally important economic benefit of eLearning, which offers potentially universal access to best-in-class learning content, as well as a wide variety of content available anywhere in the world. eLearning also holds enormous potential as a tool for reducing the costs of workplace-related education and training.

At a time when “digital divide” is widening and the world has growing concerns about growing economic disparities among different segments of the population, eLearning holds the potential to broaden access to high-quality education and training opportunities and, in turn, boost income growth at all levels.

QUOTES

The future is about acquiring and acting on knowledge.

There are two fundamental equalizers in the life-the Internet and education. John Chambers CEO- Cisco Systems, 1999.

Learning, Knowledge and Working is being redefined in the knowledge age.

Effectiveness, rather than efficiency, is the new measure of performance.

The bottleneck of human performance is in the limitations of available attention and learning.

Efficiency is doing things right. Effectiveness is doing the right things.