Virtual learning has emerged as a cost-effective training, ongoing education and engagement tool for many businesses, limiting your need for printed materials, additional meetings and expensive onsite facilitators. It can also reduce a hidden budget drain and headache for business leaders: employee turnover.
With the cost of replacing a skilled employee reaching an estimated 1.5 to 2 times their annual salary, it’s no wonder this is a sore spot for businesses. Creating a readily accessible virtual learning system for your employees can prevent and counter those losses.
Below are three ways virtual learning systems help you retain employees while growing their skills and value to your organization over time: