The popularity of online training programs has been growing exponentially almost every year since 2005. According to an Ambient Insight report the independent e-learning products and services industry is expected to top $7 billion by 2015. This rapid growth in online programs is expected to continue through the coming years, and your company needs to be a part of this movement.
This trend is based on the need companies have for well qualified professionals who possess a variety of skills. Many of the most qualified professionals in today’s workforce are in the Baby Boomer generation and they are in the process of retiring. This is creating a talent gap for many companies that need to be filled. Many critical training programs like sexual harassment prevention training and diversity training which have been developed in-house are enormous expenditures that can be reduced to relatively nominal costs if online training systems are substituted.
You can conduct long and costly talent recruitment searches, but more companies are utilizing online training programs to fill skill gaps. These programs can be acquired with minimal cost and implemented very easily. A few hours or days of intensive work, and an employee can be better equipped to deal with cross-cultural clients, regulatory agencies, or a complex new CRM system. According to some industry analysts, the cost of e-learning is 70 percent less than that required for an in-house or classroom instruction program.
Failure to augment your workforce can leave you at a competitive disadvantage. You don’t want to lose out on a major contract because your sales team had a poor grasp of a foreign language or lacked expertise in an IT discipline. With a relatively small investment, your employees can have all the skills needed to excel.
How Online Training Programs Benefit Your Company
Courses that can be purchased online and used by employees at their computer possess numerous important advantages.
Drawbacks of Online Courses
Although there are quite a few benefits to online training, there are also some challenges to using them.
There is no doubt that more companies are turning to online portals to provide valuable training and instruction to their workers. The low costs and greater accessibility make them attractive, and their minor weaknesses can often be shored up with some thoughtful and easy remedies. Online instruction has become the great equalizer, allowing almost any company’s workforce to acquire and develop the professional skills necessary to achieve success.
Coggno.com is a world leader in e-learning, with over 5,000 courses covering virtually any topic a business could require. Our competitive pricing also permits a professional, student or enterprise to utilize some of the courses before enrolling. We are certain you have enjoyed our in-depth courses and out superior learning management system, you will return to Coggno.com to obtain your full suite of training programs.