Affordable eLearning Solutions: 6 Ways Retailers Get Business through Them

 

In today’s date, the retail sector is one of the important industries that are flourishing. According to one market report, its market cap increased to $1 trillion in 2020. So, with the growing trends, the retail sector is investing a huge amount in their employees’ training as well. It is because acquiring knowledge too crucial to sustaining in the competitive world. This is where affordable eLearning solutions help the sector to flourish by training on vital training topics.

No doubt, retailers cannot ignore modern technology. But is that only the reason to choose eLearning modules? Well, the reasons are plenty and below, we will decode them one by one. Read on!

Reasons Affordable Elearning Solutions Are In Demand for the Retail Sector

1.     Loads of training

One of the worrying statistics is that the retail sector ranks 2nd in terms of employees’ turnover rate (13%). The major reason behind it is the lack of proper employee training and quality learning. According to one report, employees need 8 to 10 hours a week of retail training whether they are full time or temporary workers.

And conventional training is not meeting all training parameters. That is why online learning modules have streamlined the retail training curriculum. As retail companies have loads of training courses to deliver to their employees, eLearning modules are quick to distribute. After all, it saves 40% of the training cost time. One report also shows training is the 2nd major investment for the retail sector.

2.     Speed of implementation

Well, companies do not have an entire year to implement the acquired knowledge. That is why eLearning courses are the best option to deploy as there is no drawback of limitations and place. Ne study shows retail sectors require the latest information to make their brands sustain in the competitive market.

Not just that, even the latest information about products or services help retailers to engage consumers. Almost 78% of retail consumers prefer brands with innovative ideas. This is where microlearning solutions, VILT, ILT, and online modules train employees efficiently. So, the quicker the retailer understand knowledge, the quicker they will implement knowledge.

3.     Train on diverse topics

One major plus point of the eLearning module is that it conveys the learning message across diverse topics. It means affordable eLearning solutions contain scenarios, simulations, gamified courses, and more, making retail training interactive. Moreover, these interactive courses train employees on different topics.

So, whether it is customer service or staff training, retailers do not need to worry which training module fits in both! Simply deploy eLearning courses and start the training session. Remember, the information in these interactive learning courses are 60% easier to learn compared to traditional courses. That is why 70% of retail sectors worldwide implement eLearning courses for their staff training.

4.     Tracking the learning progress

Amid this pandemic crisis, 85% of retailers were severely impacted due to the lockdown. It was difficult for them to connect with their employees during the social distancing era. Thankfully, LMS is the best of the affordable eLearning solutions to track and assess geographically dispersed employees. This tool helps clients to manage, share and access courses easier.

Additionally, analytical tools in the LMS allow retailers to identify improvement areas of modules. As a result, staff training becomes easier, and they bring good results for the company. Push notifications and reminders about training courses will keep employees updated about the curriculum. That is why eLearning has become a trending topic in the modern day retail age.

5.     Flexibility in learning

Do not think that eLearning is limited to only PCs, even mobile learning (mLearning) is also a way to facilitate the retail training. According to one market study, there is a growth of 20% in mLearning modules in the retail sector. Almost 60% of employees believe that the mobile learning approach is effective ones.

One study shows, nearly 60% of retailers say that their staff does not have enough access to computers for eLearning, and 84% say that technical issues limit their training opportunities. With this, employees have the freedom to learn anywhere and anytime. Even clients also do not need to worry about its completion rate. It registers the 80% completion rate (2011 Study).

6.     Increase sales

Finally, the major concern for every retailer is sales. Well, the fact shows that every $1 invested in eLearning returns $8 in the form of sales revenue. It is because of all pointers about affordable eLearning solutions that we highlighted above in the blog.

Flexibility, interactivity and quality training through eLearning modules allow clients to deliver accurate knowledge to their staff. The positive results reflect in their daily business operation. Hence, this is why eLearning courses are the favourite learning tool of many retailers worldwide.

Final words

The eLearning has become one of the most cost-effective ways to educate the world’s rapidly expanding workforce. And the retail sector is not an exception. Therefore, the brand names who are not using such interactive solutions must invest in them now!