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The digital economy is growing at an unprecedented rate and this is leaving many uncertain as to what the world of work will look like in the future. However, one thing is clear: digital learning solutions are going to play a major role in any successful organization's training processes. Your business needs to make sure that your teams are ready to tackle the challenges and changes to come!
Digital learning can provide your employees with the skills they need to stay ahead of the curve and be productive members of your team. But how do you establish the ROI for digital learning? By integrating eLearning into your budget process, you can create programs that are sustainable and will drive impact and revenue for your business. With the right eLearning solution in place, you can upskill your employees quickly and efficiently, giving them the tools they need to succeed in our ever-changing world. In fact, 72% of organizations that innovate with an LMS gain a competitive advantage [1].
According to a recent report by the World Economic Forum, the demand for eLearning solutions has spiked massively since the pandemic [2]. And for good reason, as 66% of business leaders surveyed for the report expect their investment in upskilling and reskilling their employees will pay dividends within only 12 months.
There are several key considerations when choosing the right eLearning tools and technologies to support your workforce, including accessibility and scalability. But by selecting the right eLearning solutions in place, you can build a dynamic and engaged workforce that is ready to take on any project.
Research conducted by Emerald Works points to the fact that it is the rare organization (8% only, in fact!) that actively considers the ROI of its learning and development (L&D) technology before making any purchasing decisions. But it’s these organizations that benefit the most and pull ahead of their competition! By evaluating the true ROI, you will be able to make a more informed decision when choosing the right eLearning solutions for your organization. So how can you measure the ROI of digital learning?
At its core, ROI is simply an estimate of the value you are likely to receive from your investment. In the case of L&D technology, this is typically broken down into two key metrics: increased productivity and reduced operating costs. By selecting eLearning solutions that focus on these two areas, you can create a strong business case for digital learning and start measuring its impact on your organization's bottom line. and by integrating eLearning into your budget process, you can ensure that your organization is fully prepared for the future.
EGC, a leading provider of commodity management services with 1 thousand employees in more than 10 countries worldwide was seeking to streamline and simplify their upskilling strategy. They wanted to ensure that all their employees had access to the best training programs, no matter where in the world they were based. After carefully evaluating a number of eLearning solutions, EGC selected Amesite as their learning platform.
More than just a software provider, Amesite is a true partner whose proprietary technology meets the needs of global enterprises. From streamlined onboarding to powerful analytics to high-quality content, Amesite is a leader in the eLearning space. With no need to hire specialists or shut down for training, Amesite can bring incredible ROI to your organization, and help you upskill your workforce quickly and efficiently. If you're interested in learning more about how Amesite can help drive revenue for your business, contact us today for your free demo.
[2] https://www.weforum.org/agenda/2022/01/online-learning-courses-reskill-skills-gap/
[3] https://mindtoolsbusiness.com/research-and-reports/back-to-the-future
Your Budget for 2023: How to Prepare for Digital Learning Solutions That Drive Revenue and Impact