1. Approximately 77% of US Corporation uses E-Learning. Corporates are using E-Learning for employee training and development as it is cheaper and less time-consuming.
2. Helps With Retention Rates by 25-60%. Face-to-face teaching allows retention rate between 8-10% while e-learning allows up to 25-60% as you can anytime revisit the material you need to revise. Also, you can retake the quiz if you fail the first time allowing to take the pressure off and focus on the learning.
3. Projected worth to be $325 billion by 2025. Less time consuming and cost-effective has created more demand for e-learning than ever. Meaning that the market worth $165 billion of 2014 is projected to double within a decade.
4. IBM Save $200 Million A Year. Using e-learning not only does the company saves an instructor’s cost but also reduce the cost for traveling, hotel rentals and equipment allowing it to give other better benefit to the employee.