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According to People Management, 60% of employees would rather climb the career ladder with robust training than boost their wallets; as such it’s perplexing to see organisations slashing their learning and development (L&D) budgets this year. Why this paradox, and what’s the missing link in recognising the true value of L&D?
Recent studies paint a startling picture: the same article from People Management highlighted that 75% of organisations are tightening the purse strings on training. In comparison, a report from CIPD found a staggering 77% of leaders confess to a misalignment between their L&D strategy and its tangible benefits. This disconnect points to a deeper issue—a failure to harness the transformative power of aligned training.
However, there is a promising L&D strategy that offers not just cost savings but a seismic shift in impact. Enter the era of blended learning.
For L&D budgets, online learning offers a cost-effective option as it reduces the need for travel and accommodation costs.
However, fully distance learning comes with challenges:
This is where blended learning can be a game-changer, as it addresses these challenges while still allowing individuals to benefit from the convenience and cost-effectiveness of online learning.
Blended learning is an instructional methodology that combines traditional face-to-face or virtual classroom activities with online learning materials and interactive sessions. This hybrid approach leverages the strengths of both digital and physical learning environments, creating a more flexible, engaging, and effective learning experience. It allows learners to control the pace of their learning, access materials anytime and anywhere, and apply knowledge in practical, real-world settings.
The adoption of blended learning is driven by its ability to cater to diverse learning preferences and needs. Here are several key advantages:
Learn more about our blended learning.
Successfully integrating blended learning into your L&D strategy requires careful planning and execution. Below are a series of practical steps you can take to ensure its effectiveness:
While there are lots of statistics of organisations looking to cut costs of training, the best way to consider the ROI of L&D is to see it as an investment. Yes, blended learning can be a more affordable option. However, the major benefit is the fact that the training offers a thoroughly engaging learning environment.
Utilising the combined approach offered by blended learning improves knowledge retention and real-world application which can then be transferred across organisational projects. With heightened skills and more effective delivery, blended learning can create additional revenue sources while also increasing efficiency and reducing the outlay of time and resources.
Another key to unlocking ROI with blended learning is to focus on high-impact learning. This means concentrating resources on developing courses that address core competencies and skills gaps critical to your organisation's success. This ensures that the investment directly contributes to achieving business goals.
Finally, statistics from Markinstyle reveal that 82% of students prefer blended learning, and 73% of instructors see an increase in engagement. Plus, typically, organisations see cost-saving benefits by as much as 42%, according to an article from Orbit-Ed.
To make sure you get ROI from blended learning, it is important to consider the factors that ensure the organisation is ready for this approach:
In conclusion, blended learning is an effective and efficient approach to L&D that maximises the impact of learning initiatives. By leveraging the benefits of traditional teaching and online learning, organisations can create a skilled and knowledgeable workforce that can adapt and grow with changing business requirements.
At ILX, we offer a range of qualifications as blended learning. In these courses, individuals will study the Foundation portion of the certification as online e-learning, where they will have the time to work through the content at their own pace and fully digest all the information included. Then when they reach the Practitioner stage, we offer a virtual or classroom training option providing the opportunity to learn from one of our expert trainers.
Find out more about how ILX can help you maximise the benefits of L&D in your organisation, get in touch with our team today.