How Impactful eLearning can boost key areas of capability development in 2021

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Sumant Joshi March 10, 2021
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Today, it almost seems like eLearning or online learning has been around forever, and further peaked during the COVID pandemic, giving companies enough reasons to boost their corporate training programs with newer, more sophisticated and personalized learning through a range of modalities.

However, the situation still remains bleak when talking about bridging skills gaps, capability and talent development and employee engagement, largely supplemented by our increasingly complex business environment, rising competition and the onset of ‘digital everything’; and the constant disruptions, multigenerational workforce and just-in-time learning needs have put the spotlight back on employee upskilling.

And, all these things combined have put the onus back L&D leaders. According to McKinsey’s study on Learning & development: From evolution to revolution, there is an urgent need for L&D to rise upto the occasion and address these pressing skilling challenges

But, how can L&D achieve a strategic turnaround in a short time? The answer lies in effectively leveraging ready-to-use eLearning content to maximize the impact of capability development programs. A key ingredient in every successful eLearning strategy is the relevancy, quality and impact of corporate training courses that engage the employees, at the same time imparting in-demand skills to face the challenges of today’s markets.

Here are few area where eLearning can have the most impact-

  • Capability Development

McKinsey states that businesses who invested in leadership development saw expected returns, while it is now also known that businesses with effective leadership pipelines outperform twice as much on the top line and talent retention. Leadership development is a key topic in today’s eLearning trends and learning content providers have a plethora of courses to amply any leadership development programs. The best thing about ready-to-use leadership content is that the knowledge is never outdated and always in-line with the latest leadership trends that complement the role and relevancy.

  • Talent Retention

While eLearning and corporate training are primarily focused on capability development and productivity improvements, today’s businesses are also looking to eLearning to reduce attrition and boost retention. On the other hand, businesses are retaining employees as long as they provide value to the business. As a result, employees have taken their professional growth as a performance metric, while businesses are starting to provide newer and better eLearning opportunities to retain their top talented employees as well as attract new ones.

  • Creating a Value-based Employee Culture

With eLearning content providers also offering added solutions like content curation, competency matrix, anchored learning and contexualized learning, it has helped businesses onboard and train employees in the company’s values and mission and give them all the ammo they need to perform in their role. Especially millennials are more attracted towards companies that have a values-based culture and those that are invested in the development of their employees.

  • Employee Engagement & Motivation

While McKinsey research states that continuous learning indirectly translates to happiness, a more WIIFM led approach means employees (in addition to skills) stand to gain the confidence and motivation they need to apply the skills they have learned. Employees are most likely to project confidence and be motivated by newer challenges at work when they are engaged and provided with the skills to develop in their role.

Learn more about how Plethora can boost the impact of your eLearning and corporate training programs. Get in touch today.