Latest Statistics on eLearning to help you choose your Enterprise LMS

An enterprise has various segments of employees to train with varying training needs. Without a system to effectively manage and deliver training for all those segments, your employee performance will be limited. This directly affects your business growth. This makes an enterprise LMS an essential investment. It is also a long-term investment, so you have to get it right. But how to make informed decisions while making that investment?

The latest statistics about eLearning can help you in making informed decisions by getting key insights about enterprise eLearning trends. In this article, we’ll list some of the most essential eLearning statistics that will help you shape eLearning at your company.

Latest eLearning Statistics to help you choose your Enterprise LMS

Here are five of the latest statistics about eLearning that will help you choose the right enterprise LMS for your company:

1. Comprehensive Training Programs over Disoriented Learning

A survey of 2,500 companies found that the enterprises with “comprehensive training programs” have 218% higher revenue per employee and 24% higher profit margins. This means that you need to choose an enterprise LMS that allows you to manage multiple programs at once while ensuring that they’re all aligned with the vision and of the company.

2. Less Employee Turnover with Remote-friendly Workplace

Higher employee turnover rates can cause employee morale and motivation along with employee satisfaction to plummet. It has been seen that the companies that allow remote work, saw 25% less employee turnover after 2020. So, you need to make sure that your enterprise LMS is remote-friendly. It will not only be cost-effective in the long term but also allow you to offer flexible and engaging remote learning programs.

3. Web Conferencing on the Rise

When the pandemic caused enterprises to operate remotely, they spent 67% more on conferencing software as of April 2020. Purchasing an enterprise LMS with web conferencing integration gives you the benefits of both an LMS as well as a conferencing platform in one software. This will significantly reduce costs.

Web conferencing feature in LMS also adds a social aspect to your learning and development. It also enables synchronous eLearning which increases overall employee engagement and boosts knowledge retention.

4. Training for Contract Workers and Freelancers

Freelance and contract workers form at least 35% of the workforce and are more interested and familiar with online training. So, your LMS needs to have features that can support the diverse training needs of your full-time employees as well as the freelancers and third-party workforce. Select an enterprise LMS that offers multiple content formats, intuitive UI, multiple audiences support, learning analytics tools, etc.

4. Social Networks Within the Enterprise

Another statistic on eLearning is that 58% of businesses were planning to adopt enterprise social networks by 2020. You need to choose an LMS that helps you create a social learning culture in your enterprise. It must-have features like whiteboards, forums, communities, to enable effective social learning at your organization.

To sum up, choosing an enterprise LMS for your company is a long-term decision. Getting to know the latest statistics and key insights on eLearning helps you make informed decisions about your LMS. We hope that the statistics covered in the article will help you choose the right features for your LMS.

At GCube, we have 20 years of experience and 80+ industry awards in learning technologies; and would love to hear your thoughts, queries, and suggestions. If you’d like a demo of our learning management system, talk to us today!