In the fast-changing legal landscape of finance, where information is power and mistakes can cost billions, eLearning is a no brainer. In this blog, we look at some of the benefits of how eLearning can be particularly valuable to the finance sector.
Flexibility and cost
Yes, that’s right, eLearning is renowned to lower the cost of training, and this is no different for the finance sector! Costing significantly less to deploy, run and modify compared to traditional classroom training, eLearning certainly presents a strong case.
In the finance sector, where long hours are expected and time-efficiency is crucial, the tight schedules (not to mention the time spent travelling and away from work) of traditional classroom style learning can present a challenge. With eLearning, your learners are empowered to use their time in the way they deem most productive. The self-paced nature of eLearning allows employees to learn on their own terms. They can do so from home, on a train, or even on a plane! Fewer disruptions to the daily operations of your company = lower cost of training.
Security and privacy
In industries like finance which depend on tightly controlled internal procedures and operate across multiple branches, data breaches can cause serious problems. eLearning provides a level of privacy where you can deploy your courses in a tightly controlled manner, providing access only to learners who need it. With the ability to secure all materials behind your own VPN or firewall, eLearning courses can be delivered to all locations from a single outlet.
Not only does eLearning enhance the entire training process in the finance sector, it gives key decision makers fast and easy insights into the success of the training program. Gone are the days of waiting for an instructor to grade and deliver reports. With eLearning, the feedback is instant and fully automated, giving you the necessary insights on how well your training materials are being absorbed. This feedback also makes you aware of what is working and what needs to be modified to provide an eLearning experience that is even more effective and engaging.
Staying up to date
With its dependence on global shifts, the finance sector is perhaps one of the most dynamic industries. This creates a need for frequent change when it comes to learning materials and compliance training. Using eLearning as your training medium ensures that updating your content is quick and easy, no matter how major the changes may be. Whether you’re onboarding new hires or simply upskilling employees on changes in policy, eLearning is a great way to refine your workforce’s skillsets.
I hope the above benefits have clearly portrayed how eLearning is impacting the finance sector for good. If you would like to discuss more about eLearning in finance, please feel free to contact me, I’d love to have a chat!