Through the introduction of e-learning in a company, the costs for education and training can be significantly reduced. The speed and simplicity with which e-learning can convey knowledge saves important resources. The working time that employees have to spend on continuing education through e-learning courses is much lower than with conventional face-to-face training.
In addition to the reduced development time of e-learning and the saved working time, there are immediate financial advantages: reduction of expenses for travel and accommodation, production of course materials and salaries for trainers.
In addition to saved money and time, e-learning has a positive effect on productivity and employee satisfaction, as scientific studies prove.
An excerpt from case studies and scientific work is illustrated by several examples:
- According to the scientific work of Judith B. Strother, which also dealt with the results of Hall and LeCavalier, Ernst and Young were able to reduce their training costs by 35 per cent through the introduction of blended learning while improving the uniformity and scalability of the training.
- Also, in this report, Mr. Strother notes that IBM could lower its training and education costs by approximately US $ 200 million (about one third of the original spending) through online courses (2).
- According to a study by Clive Shepherd, the chemical company Dow Chemical was able to reduce its training costs to just US $ 11 per student by switching to e-learning. Previously, the cost per participant was US $ 95 to more than eight times, not taken of the cost of accommodation and travel (3).
- According to Shepherd, the telecom company Cisco reduced its total training costs by about 40 to 60 percent and was able to increase the effectiveness of the sales staff in the same train (4).