Is corporate training always meant to be boring?
How to make corporate training efficient and effective? When it comes to corporate training, many think of a crowd of employees listening to the instructor in a meeting room. You’re partially correct that this is the traditional setting of corporate training. However, with the development of internet, and especially the impacts of the COVID-19 pandemic, more companies switch to using e-Learning to train. Let’s take a look at the 5 most exciting trends to get some significant insights.
1. Distance Learning
Over the years, distance learning saw growth in corporate training. Since the outbreak of COVID-19, the surge in distance learning has been especially significant. Distance learning not only allows employees to learn remotely anywhere and anytime but also helps companies cut unnecessary costs. According to Otter.ai, the oil giant Shell cut training costs by 90% using e-Learning, thereby saving over $200 million on some of its most expensive programs. No wonder why it has gained popularity among companies.
2. Game-based Learning
Gamification will increase in popularity as it helps employees learn faster while making training more entertaining. According to the latest e-learning statistics, 33% of employees prefer to have game-like effects in their training platforms, 83% of employees who undergo gamified training are more motivated at work and 49% of employees tend to get bored with non-gamified training. This shows that employees are more eager to learn when game elements are added to training.
3.Micro-Learning
Microlearning is one of the most outstanding e-Learning trends nowadays. Small-sized content allows employees to get information quickly and memorably. It is believed that people are more willing to learn when materials are divided into shorter segments. According to a survey conducted by Software Advice, 58% of employees said that they would be either “somewhat more likely” or “much more likely” to use the learning tools offered by their employers if the lessons were divided into shorter segments.
4. Big Data Analysis
When it comes to e-Learning, adaptive learning plays a significant role too. Big data analysis enables companies to customize their training specifically to the needs of each employee. According to a market research report published by Meticulous Research®, the education and learning analytics market is expected to grow at a CAGR of 29.8% from 2020 to 2027 to reach $34.7 billion by 2028. With the collected data, companies can provide the best learning solutions for learners, hence improving their learning performance.
5. Augmented Reality and Virtual Reality
AR and VR have become more popular in recent years as a new technique to enhance the learning experience. In October 2021, Facebook changed its name to Meta with an ambition to bring the metaverse to life. According to Bloomberg Intelligence, the global Metaverse revenue opportunity could approach $800 billion in 2024. It is believed that one day a person can get a new skill in real life simply by entering a training room in the metaverse, with AI teachers giving one on one guidance and feedback.
The market is constantly changing while corporate training methods are evolving. To better prepare for future challenges, corporate trainers should understand current training trends and apply the most efficient and suitable methods in real practice. It’s never too late to review your corporate training methods.
Wonder if your training strategies catch up with the latest trends? Our professionals are here to assist you in conducting corporate training to best effect. For more information, feel free to contact us at sales_hk@cyberwisdom.net