5 ways to increase e-learning roi

• 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!

Live chat with an expert at : www.xlprotraining.com

email: hello@xlprotraining.com

Feel like talking?Call us at: +91 22 2520 4655

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