The Impact of eLearning on Education in 2023

Acommon saying that most people in Gen-Z must have heard from their predecessors is that, at this point in time, we have unlimited access to learning. Considering the drastic changing of gears in the development of all aspects, there has been a significant spike in providing education through online platforms. However, a specific incident helped speed this process: COVID-19. Like affecting most industries, COVID-19 played a huge role in bringing the limelight under Online learning. Through this came the realization of improving a workplace completely Online. Since everything shifted to online mode during that time period, 80% of companies and 50% of institutional students relied on an e-learning platform for studying. Companies started relying on e-learning platforms; They found new and improved ways of developing their inhouse team. Since times change, its imperative for a company to adapt continuously and upgrade its workforce. The fastest and the most comfortable way of achieving this with the highest amount of completion percentage was through Corporate Learning.

“The fastest and the most comfortable way of achieving upscale of skills with the highest amount of completion percentage was through Corporate Learning.”

Employees must be updated with the most up-to-date skills as processes change. Corporate learning solutions are educational initiatives created by businesses to educate their workers about new procedures, equipment, techniques, and other information in order to stay on top of industry trends.

Employees that receive technology training obtain business skills that aid in their ascent up the corporate ladder. Employees who develop their talents and pick up new skills are more likely to take ownership, which affects the overall output and expansion of the business. This in turn helps develop the company directly. By investing on its employees to perform better and learn new skills, a company gains direct benefits to the general quality of output.

There are several ways that companies go about to develop Corporate Learning. There are 2 distinct strategies that are developed in the Big & Small companies.

Business Giants:

Business giants have a larger workforce and complicated business operations. Thus, as part of their corporate learning solutions, employees receive structured training in order to promote business success. With additional resources available, they produce specialized training materials for various teams and objectives. Many businesses also work with outside learning and development agencies. These providers of learning solutions evaluate students’ learning needs, produce lesson plans, deliver training, and track progress. Therefore, large-scale firms may easily manage their talent recruitment strategies and outsource their learning requirements.

Small Companies:

Due to revenue and size constraints they are forced to employ different tactics for large scale upscaling. By strategizing, small startups or small businesses achieve upskilling. As a result, in small businesses, individuals frequently choose their own mentors from the divisions they want to go to. This guarantees that these personnel gain a thorough understanding of business operations and teamwork. An employee often fills many responsibilities in small enterprises due to a lack of resources. These workers get a variety of abilities at their jobs by performing a variety of duties.

The main reason behind the large investments done by companies on Corporate Learning is to bridge the skill gap. In terms of the knowledge and skills that their employees need to accomplish their objectives, almost 87% of organizations are experiencing a gap. Instead of acquiring fresh talent, businesses offer corporate learning to upskill current employees so they can handle increased responsibilities.

Learning programs give employees the chance to learn new skills that boost their self-esteem and improve their effectiveness at work. Learning solutions help employees advance, and they are grateful that the business is committed to their advancement. So they continue working for these companies. Additionally, according to a LinkedIn study, offering business training reduces employee resigning by 53%. It develops a goodwill between the employees and the employer, thereby positively impacting loyalty towards the brand.

The president of Udemy, Darren Shimkus says, “ We’re in a world that’s changing so quickly that skills that were valued just three or four years ago are no longer relevant. People are confused”