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Why your company should invest in online education

By Emilly Parris | 28 May 2020


COVID-19 has changed the way most of us work and study. Although many of these changes have felt strange, some have become more welcome—such as the ability to work or learn at home.

Now more than ever, organisations will need highly skilled employees to keep their business afloat. Corporate training has always been an important component of businesses growth and compliance, and in the era of COVID-19, we hope to see many more businesses embracing not just remote working, but remote learning as well.

Here are some of the reasons your company should invest in online education to help employees upskill.

1. Online learning reduces training costs. 

Traditional training programs require a central venue where employees come together for a day or several days to complete their training. This is a costly exercise—from paying the instructors to catering the event and renting the venue several times per year, these costs can quickly skyrocket.

While annual industry conferences are highly beneficial, online corporate training can be conducted by virtual means with fewer overheads and without limitations on the number of attendees.

2. Online corporate training can be tailored.

Corporate training often gets criticised for serving irrelevant information that only applies to some of its employees and not others. Staying engaged can be difficult when you must sit through hours of unnecessary content just to get to the content that applies to you and your role.

Training that is conducted online has far more flexibility, since employers can choose which learning modules apply to their lessons, and which employees will benefit most from the information. This means you are more likely to stay engaged and complete your training quickly and painlessly.

3. Employees feel valued and appreciated.

happy employees

An employee retention program is an important feature of a healthy workplace. The recruitment process can be costly particularly if you have a small HR team, and it can take months to find and hire the right candidate.

If an organisation is willing to invest in its people, they are far more likely to feel valued, perform well and stick around. Career advancement is one of the top considerations that workers seek today, which is why giving them the opportunity to develop and grow professionally within the company can make a huge impact on morale and performance.

4. Employee education is an investment, not an expense.

Research suggests that companies investing in online learning achieve 218% higher revenue and 24% higher profit margins. This means that implementing an online corporate training program should be considered an investment rather than an expense. Highly skilled and qualified employees can bring tremendous value to a business that is willing to support them and encourage their progression within the company.

5. The right training improves leadership and management.

confident looking male leader

Great leadership can transform a company and create a healthy, productive work environment for all employees. A great leader will inspire their teams and achieve outstanding results for the business. It’s therefore important for organisations—no matter how small—to invest in quality leadership training. Leadership and management courses can equip managers with the skills they’ll need to lead a team and make a measurable impact on the bottom line.

Why should you continue your education while you’re employed?

It is a common misconception that you cannot successfully work and study at the same time. Many employers are now realising that helping their existing employees upskill is key to the success of their business.

The flexibility of online learning means that you can work full-time and take on a few hours per week of training and work towards a certification. Continuing your education while employed can have tremendous benefits for your career, and you do not have to sacrifice your financial stability to do it.

Upskilled offers hundreds of online courses that are constantly updated with the latest industry insights and knowledge. Contact an education consultant today to learn more and get a head start in your career.
 
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