Ten Benefits of Using an E-Learning Training Platform
Training employees who are spread across several branch locations and geographical regions often poses a challenge for various tasks such as coordinating training, tracking individual requirements and maintaining a cohesive learning experience for all employees. With that, it’s not surprising that many firms have begun transitioning their training programs to an online system.
Since the 1990s, the technology industry has been booming and as a result, the e-learning market has been experiencing rapid growth. Although still a preferred method among some professionals, live classroom sessions are slowly becoming a thing of the past and are being replaced with more efficient online options. Online platforms allow companies to deliver educational training and resources in a more efficient manner.
This slideshow showcases the top ten benefits of transitioning your live training methods to an all-in-one online compliance training platform.
Streamlined Training Capabilities
Online training platforms give firms the flexibility needed to develop cohesive company-specific training programs for their representatives.
Administrating organized companywide training can be demanding and time-consuming, especially for larger organizations with multiple locations. With an e-learning platform, annual training can be streamlined across all mediums making it easy to ensure that each representative has completed the proper courses. On top of that, firms are able to quickly update course information that is outdated while keeping any relevant data intact.
E-learning management systems allow firms to assign due dates and send automatic training reminders to representatives.
Manual processes make it difficult to track which representatives have completed their training and which ones are pushing it off until the last possible minute. Fortunately, with an online system, administrators are able to set up reminder emails to be sent as often as necessary, whether that be monthly, weekly or daily. Each of these notifications is personalized and addressed to the specific trainee. Once the training has been completed, the alerts will automatically stop until a new course is added to the acocunt.
Administrator Access to User Profiles
Online training platforms provide administrative capabilities to firms allowing them to access user profiles to view individual training statuses.
Approved administrators have continuous access to the e-learning platform where they are able to pick and choose the required training courses for their firm. Administrators also have access to their representatives training portals where they can view which courses have or haven’t been completed as well as which courses have been passed or failed by the representatives.
Individual User Access to Completion Certificates
E-learning training portals provide users the simplicity of tracking their training through an organized online system.
Individual users have their own portals where they can see which courses they have taken and which ones still need to be completed. Users are also able to view and print certificates from this location. Additionally, from the dashboard, users will be able to see all alerts and messages that have been sent from the firm’s administrator.
Detailed Reports and Dashboards for Training Progress
It’s time to put the pen and paper down; online platforms have reporting options available at the click of a button.
Reporting functionalities provide administrators the opportunity to export and print off numerous reports which can be filtered to their specific needs. Administrators can use this function to see which courses have been completed by all or specific users, the pass/fail rates of each course and which certificates were distributed. Training dashboards provide administrators with the capability to send personal messages to specific users if needed.
Reduce Training Costs
Taking your firm’s training online will cut the hassle and the cost out of attending live seminars.
Hosting or attending live training sessions can be a costly expenditure. By using an online system, firms can reduce training costs in several ways including travel expenses, accommodation, teaching costs and, most importantly, time away from the office. By using an online system, representatives are able to complete their required training at the firm or on their own time outside of the office.
Online Platforms Serve as a Centralized Database
Bringing your manual training processes to an online system will help your firm to keep all of its training and tracking organized in one centralized location.
Online systems offer firms a centralized source of learning, meaning that all training and regulatory updates are hosted in one general location. These systems ensure that multiple users can access required information at any given time. Firms will also have peace of mind knowing that there will be consistency in the evaluation and overall delivery of the required material.
Training at Your Fingertips
E-learning platforms give your firm’s representatives the convenience of completing their annual training on their own time.
With the availability of online learning, representatives are able to take their required training anytime, anywhere and from any device. Users will be instantly notified of any training that has been added to their profile as well as any due dates that were assigned to the required training. Additionally, using an e-learning management system is a great way to sustain compliance by quickly addressing regulatory changes as they arise.
Complete Customization Capabilities
Standardized courses will get the job done, but using an online platform gives you the option to customize courses and other training materials to fit your firm’s needs.
Online systems make it easy for firms to customize various items such as courses, exams, surveys, audits and policies. Customizable options provide firms the opportunity to create content that is relevant to their specific requirements or to a specific user or group within the firm. Additionally, since all information is hosted in a centralized location, any changes made by the firm will automatically be updated at the same time for all users.
Quick Access to Online Support
E-learning platforms make it easy for users to connect with online support representatives to answer their questions.
Hosting your training platform online comes with the benefit of being able to utilize an online support team. Dealing with the hassle of calling around to different instructors and hosting companies can be a real pain and take up valuable work time. With an online learning platform, administrators and system users are able to quickly connect with a support specialist through an online chat system or a quick phone call.