Top Benefits of Virtual Classroom Training
Online training and e-learning have become increasingly popular methods for employee learning, training, and teaching in recent years. So popular, in fact, that the e-learning market is projected to be worth $325 billion by 2025.
The uptick in e-learning popularity has occurred for many reasons. For starters, virtual classroom training is seamless, efficient, and effective. It also yields actionable results that can boost companies’ financial success. There are many benefits of virtual classroom training. In this post, we’ll highlight some of the best reasons to take your training virtual!
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According to TechJury, a survey of 2,500 companies found that those who engaged in comprehensive training programs have 218 percent higher revenue per employee and up to 24 percent higher profit margins. Online training can create even more revenue potential. As TechJury notes, e-learning has led to an increase in income for 42 percent of US organizations. The numbers don’t lie.
Flexibility that Fits Your Schedule
One of the most obvious benefits of virtual classroom training is the flexibility that it can offer students. The accessibility and flexibility that e-learning can provide students and workers via an online platform is incomparable. With online modules, employees can work learning and training into their schedule, not the other way around. Lessons can happen during lunch breaks, at home after work, in the morning before they clock in, during acceptable downtime on the job, etc. This degree of flexibility is impossible with in-person, face-to-face learning.
Even with instructor-led training, scheduling can be made much easier when going virtual, as instructors can provide training from anywhere. Plus, workshops can be recorded for later instruction among team members.
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When done properly, virtual classroom training can be much more affordable than traditional training. As one example, IBM saved approximately $200 million after switching to eLearning! Here’s why you can save big with virtual training over on-site training:
- Eliminate travel costs. You’re not required to pay for a trainer to fly, drive, or be transported to your location, which means you’re not required to pay for their accommodations, either.
- Eliminate classroom costs. Classroom costs are non-existent (as there is no physical classroom).
- Include more learners. You’re able to include more people in virtual training sessions, because there’s no size restriction, room limitation, or other physical factor that would affect how many people can join a class. Because of that, you can typically lower price-per person rate.
Increased Retention Rates
Interactive and engaging training sessions are effective. When you couple that with the ability to offer training sessions wherever your employees might be, you increase the probability of retention. In fact, according to data from The Research Institute of America, e-learning and virtual classroom training can increase retention rates by 25%-60%. By comparison, retention rates of face-to-face learning are relatively low, clocking in at about 8%-10%.
Immediate Feedback & Review
In most cases, and certainly in HDRQ’s case, immediate feedback is available for learners to help them grasp how well they comprehended the information. In traditional, face-to-face classrooms, feedback could take days, even weeks—and by the time it’s provided, that feedback simply won’t be as powerful. If a student or employee is able to access that feedback immediately, they’re able to comprehend faster where they went wrong, what they didn’t understand, and make a dedicated, quicker effort to tackle it again.
Start Your Virtual Training Program with HRDQ
The benefits of virtual classroom training are clear. To get started with your own program, explore the virtual instructor-led training courses available from HRDQ, and contact us to schedule your session.