Small Medium Enterprises (SME) have chosen to turn to the internet for news, entertainment and social interaction just like everyone else. These companies then are more inclined to utilize online training, or e-learning, as one of the ways to instill organizational goals to their employees. The benefits that both the company and the employee can reap from online training continue to contribute to its increasing popularity.
Why businesses are more into online training to cater to SMEs who hire virtual employees:
Less costlier. eLearning is 40-60% less expensive than classroom learning according to research. Deducting instructor fees, room costs, and travel and meal expenses from the total costs mean that it is often more economical than in-class training.
Learning time is reduced. Based on research, the average learning time required with e-learning is 50% less than the time required for in-class learning with the same material.
Lower administration costs. Online training results to less time and expense required for administration. It can be automatically updated with learning management systems.
Standardized learning. Employees receive consistent training content delivered with variable effectiveness depending on their particular instructor's knowledge, interests and capabilities especially for companies with many locations.
New trainings roll out quickly. Online training can be created more quickly than having instructors present the material in person at diverse locations.
Interactive learning. The interactive nature of e-learning makes it suitable for all learning styles.
Improved retention. Students proved to reinforce knowledge for greater retention.
Self-paced learning. Employees who might become virtual assistants one day can learn at their own pace. If one has more background in a particular subject, he can move ahead more quickly by pre-testing to demonstrate his competency level.
Benefits to employees. Virtual Employees or the students can choose when and where they complete their training, thus, not being restricted at all to a certain time and date.
