Learning and development—whether corporate training, professional development, compliance tutorials, or reskilling for employees—is a valuable and rapidly growing part of business. The COVID pandemic has pushed many employees and leaders toward accelerated learning growth. Many spent early lockdown days searching for their next learning opportunity.
At DVI, we believe that learning and development video is a powerful part of the learning and development process. It’s made the current switch to elearning and virtual classrooms even easier. And to prove it, we’ve compiled a list of the most interesting statistics about training and learning and development video.
Video Training Statistics for L & D and eLearning
The global e-learning market will be worth $325 billion by 2025.
E-learning has yielded a 42% increase in income for US organizations.
A survey showed companies with “comprehensive training programs” have 218% higher revenue per employee and 24% higher profit margins.
81% of learning professionals have made a plan to use new training techniques in the next year.
E-learning increases retention by 25% to 60%.
70% of L&D professionals say their blend of training delivery methods will change
42% of companies with e-learning in their training programs generate more income
– Codeless
E-learning helps viewers learn in 40-60% less time than a traditional classroom
– Codeless
2 in 5 Fortune 500 companies use e-learning tools.
Experts believe the corporate e-learning market will be worth $38.09 billion more by 2024.
88% of companies use virtual classroom/ Webcasting/video broadcasting for a training medium (up from 83% last year).
73% of learning leaders plan to develop more custom content
Engagement with learning statistics
Only 34% of American employees were actively engaged at work in 2021
– Gallup
According to 59% of respondents in a survey of workplace L&D and HR experts, in 2021, upskilling and reskilling had to become the main priority for companies worldwide.
– Statista
Most organizations that experienced positive momentum in 2021, actively practice employee engagement fundamentals—such as upskilling managers.
– Gallup
59% of L&D professionals said that upskilling and reskilling was their top priority in 2021. Leadership management (53%) and virtual onboarding (33%) rounded out the top three priorities.
Schedule a call with us to learn more about how we can produce video to meet your employees’ training needs.
Training needed statistics
74% of workers are willing to learn new skills or re-train in order to remain employable.
59% of employees invest in their own upskilling, to a certain extent.
Nearly 59% of employees claim they had no workplace training and that most of their skills were self-taught.
76% of employees say that a company would be more appealing if it offered additional skills training to its staff.
Companies with fewer than 100 employees gave only 12 minutes of manager training every six months; companies with 100-500 employees gave 6 minutes – U.S. Bureau of Labor Statistics, HR.com
Learning and development video
Learning—particularly in video format—is near and dear to our hearts here at The DVI Group. We’ve honed our processes and devotion to instructional design to bring our clients best-in-class training videos.