Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

e-learning

Technology Can Solve the Employee Training Problem

Nowadays, one of the biggest problems in the corporate world is training employees on new products and tracking their performance. This process takes a lot of time and money for, especially for large ones. The more employees there are, the higher the cost.

Let’s understand this with a case study.

Suppose there is a large mutual fund company that has been operating for the last 30 years. It recently launched a new mutual fund product and has 1,500 employees, of which 800 are directly involved with the product and need training. If the company wants to train these 800 employees, It will take a lot of time and money, and keeping track of their performance will be challenging too.

This problem can be solved with the help of technology!

Yes, the solution is e-learning! It is an online platform for education, training, and knowledge sharing that runs on the internet. It is used across various fields.

Benefits of e-learning

In e-learning, training is delivered through audio, images, videos, and animations, making it easier to understand. If something is unclear, it can be reviewed again. With e-learning, you can access training anytime, anywhere, as long as you have an internet connection. The company can also track who has completed the training, who hasn’t, and who passed or failed.

There are various types of e-learning:

  • Normal e-learning: Learning is presented through images, videos, and animations, followed by an assessment to determine whether the person has passed or failed the training. It is widely used in all sectors.
  • Gamified e-learning: Training is delivered in a gamified way, making it more engaging for employees. This method is also used across all sectors.
  • VR Training: VR (Virtual Reality) technology has taken employee training to another level by providing practical, hands-on learning. It is primarily used in health, aviation, and engineering sectors.

Summary By using e-learning, companies can save a significant amount of time and money while offering effective, affordable training for their employees.