5 ways to increase e-learning roi
TRANSCRIPT
• 5 ways to
• Increase E-Learning ROI @your Organization
• by
• XLPro Training Solutions Pvt. Ltd.
• www.xlprotraining.com
E-Learning
E-learning can be defined as the use of computer and Internet technologies to deliver a broad array of solutions to enable learning and improve performance.
Skills Developed through E-Learning
Cognitive Skills : HIGHInvolve knowledge and comprehension (e.g. understanding scientific concepts ), following instructions (procedural skills), as well as applying methods in new situations to solve problems (thinking or mental skills)
Interpersonal Skills : MediumSkills involved in active listening, presenting, negotiating, etc. Psychomotor Skills : LOWSkills involving the acquisition of physical perceptions and movements (e.g. sports or driving a car)
E-Learning is the right choice when..
There is a significant amount of content to be delivered to a large number of learners
Learners are located at geographically dispersed locations
Learners have limited mobility (eg. International) Learners have at least basic computer and Internet
skills; Learners are required to develop a good fundamental
knowledge on the topic
Types of E-Learning Synchronous : Real Time
Chat and IM Video & Audio conference Live webcasting
Asynchronous : Time Independent Online Courses Discussion Forums Webcasting
Blended Combination of both Synchronous and Asynchronous tools
Corporate E-Learning
E-Induction for Employee Onboarding Organizational Development Product Training Process Simulations Technical Training
ROI (Return on Investment)
A performance measure used to evaluate the
efficiency of an investment or to compare the
efficiency of a number of different investments.
ROI (Return on Investment)
• An ROI evaluation compares solution cost to the monetary benefits that resultfrom the learning solution.
• An ROI of 15 percent means that the investment cost is covered and an additional 15 percent of the investment is returned as earnings.
ROI (Return on Investment)
Why do organizations invest in e-learning?
Are investments in e-learning critical to the organization?
How do organizations justify e-learning expenditures in terms of cost and ROI?
Is e-learning really a good investment for your organization?
Saves a lot of Money
More Effective!
Why E-Learning @ your organization?
Advantages Disadvantages
Organization
Learner
The e-learning project will succeed only if Advantages overweigh Disadvantages for both Organization & Learner
A Perspective on Effectiveness
• To decide whether to go ahead with a project • To convince your boss or client to go ahead
with a project • To evaluate a just-completed project because
your organization requires it The intensity of calculating ROI will
depend on the reason for calculating it.
Why Calculate E-Learning ROI?
Fixed Costs
Recurring Costs
Time Required– Development– Deployment
Results Achieved– Standard Results– Variable Results
ROI of E-Learning Vs Classroom Training
COSTS
Development Cost
Administrative Costs
Opportunity Cost!
Life Cycle Cost Many ROI calculations consider only the
costs and benefits that accrue during the first year.
To accurately calculate the return on investment for e-learning, we may need to consider life-cycle costs, that is, all the costs over the entire life span of the project.
FIVE Ways to Increase E-Learning ROI
1. Be Clear About the Learning Objectives
Organizational Perspective
Learner Perspective
Desired Measurable Output
2. Ward off the Technology Barriers
Ease of Access
Bandwidth
Overcome unnecessary tech hurdles
3. Define Clear Milestones and Measurable Parameters
Ensure thorough mechanism for query
handling and discussions
Conditional Access
Mapping Learning to Actionables
4. Make your e-learning programs highly “Engaging” and Competitive
High level of interactivity Scenarios built with animations Game based quizzes and Tests Gamified Learning & Leaderboards Do Not “Copy-Paste” the Class room
perspective
5. Incorporate Social and Collaborative Learning
Provide opportunities for online discussions and chats
Incorporate “Collaborative Projects” into the e-learning course.
Identify experts and provide live interactive sessions with them
A Quantum Shift
From Learning Modules to Collaborative E-Learning Interventions.
E-Learning need NOT be “Linear”
Feels like it is easier said than done?We are here to help!
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email: [email protected]
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