eLearning Basics: Web-based Training for Oil and Gas
eLearning has several potential advantages over traditional classroom learning. Our online courses are of the highest quality. We know that most online courses are not engaging and not interesting. We sought to change that paradigm through a unique collaboration of experts in television production, educational design, learning science and, of course, oil and gas industry quality management systems. We believe that if you are not engaged, you are not learning. We believe that real world example and case studies is the best way to learn and internalize the complex and often arcane requirements in the API and ISO documents. And perhaps most important, we believe that learning should be continuous, not a one-time episode. Participants have continuous access to our courses and frequent updates to keep them current and enable them to refer to specific topics as needed.
Cost is an important consideration
Our eLearning courses can save you over 90% versus traditional classroom training, when you consider the cost per participant, the time away from the job, and travel costs.
Facts About eLearning
Here are the facts about eLearning according to the American Society for Training and Development:
1. Training landscape has changed dramatically over the past ten years as e-learning and mobile technologies have gone from early-adopter novelties to mainstream essentials.
2. Virtually all corporations are now using online learning. The number of companies using online training methods is increasing because technological barriers are diminishing and customer priorities are changing.
3. eLearning is currently a $100+ billion industry (GIA – Global Industry Analysts), representing over half of the total corporate training industry.
4. e-learning is 20 years old, continuously growing and evolving, radically changing the training industry.
5. US and Europe account for over 70% of the global eLearning industry. The fastest growing market, is Asia Pacific, where e-learning revenues are expected to grow at an annual rate of 20%.
6. e-learning has become the most important training method within organizations. Companies are increasingly moving towards blended learning and e-learning, rather than instructor-led training sessions.
7. Increasing numbers of companies are relying on learning technology. “Towards Maturity Benchmark Survey” shows that 72% of the 600 companies surveyed claim that learning technologies helped their businesses adopt more quickly to change.
8. A new “Ambient Insight Report” shows that the Asian e-learning market is a $15 billion business. Countries with the highest growth rates are Vietnam with 44.3% and Malaysia with 39.4% growth. Behind these are Thailand, Philippines, India and China, with 30%-35% growth rate.
9. e-learning is increasingly being delivered on mobile devices.
10. Most college students are taking at least one of their classes online. (As the great “shift change” occurs in the oil and gas industry, new employees will expect to be using eLearning for corporate training. Your company will be at a competitive disadvantage attracting the best and brightest new talent if you are not offering this training modality).
11. An e-learning course can be completed in less than half the time of a traditional classroom course because each participant moves at their own pace, not at the pace of the slowest student in the room. (source: Brandon Hall, 2001 and Rosenberg 2001).
13. National Research Business Institute, says that 23 % of employees leave a company for lack of development opportunities and training. Costs associated with losing talent, including money, lost productivity, recruitment expenses and training investments, are well documented and e-learning can be used to change these facts.
14. Business driver for e-Learning is the cost of invested to the earning. 85% of every dollar spent on classroom training is spent delivering it, i.e. instructor time, travel, etc.
15. e-learning increases knowledge retention by 25% to 60% according to corporate e-learning report “Exploring a New Frontier”, WR Hambrecht
16. e-learning courses are typically delivered into shorter sessions and spread out over days, so that the business would not lose an employee for entire days at a time. It improves productivity, as employees no longer need to travel to get to a class.