The primary reason why the companies are considering VR in their processes is that it can enhance employee engagement and their knowledge retention levels.
FREMONT, CA: Corporate training claims a significant share in terms of both investment and resources. Despite the efforts, the training efforts fail to live up to the expected standards. Virtual reality (VR) is a new addition into the segment as several companies are exploring it as a supplementary tool for corporate training. The reason why companies are eyeing to introduce VR in corporate training is that it can enhance engagement and knowledge retention levels, while the training can be carried out in a safer and cost-effective way.
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VR allows employees to learn via practical experience. Experiential learning has been considered as the most effective way to learn since long, and studies also confirm that learning via experience enhances the retention capacity by 70-95 percent. Here are the ways in which VR is being used for corporate training:
1. Improving Soft Skills and Business
Several business skills need the practice to get better, and VR allows such an opportunity to the employees with a safe space to learn and practice from their experiences. Skills like negotiation, sales, public speaking, and networking are seldom taught at school. Yet these are important enterprise skills that help in running businesses and are expected by managers in new employees and candidates. VR assists companies in filling these skill gaps and embedding enterprise skills within their employees.
2. Diversity and Inclusion
Diversity and inclusion training is increasingly gaining traction within the companies. VR simulations are also being considered to replicate such scenarios.
3. Customer Experience
VR training is also being considered by the retail stores to enhance the customer experience. For instance, Walmart is working with STRIVR to develop a ‘Black Friday’ simulator to prepare and train employees for the holiday rush.
4. Risk Reduction in High-Stake Situations
The safety offered by the virtual world is not just a boon for interpersonal skills. It enables an ideal training method for high-stake and dangerous situations too. Without VR, employees had to imagine a critical scenario and visualize how they would deal with it.
VR eliminates the need to imagine a difficult scenario and replaces it with realistic simulation. It offers an effective learning opportunity by training employees in the most realistic way without the actual occurrence of the happening in real life.
5. Recruiting and Onboarding
The recruitment process within a company can also be improved with VR technology. With the help of an interview simulator, managers and HR professionals can experience the interview setup and learn skills to look for, questions typically asked, and warning signs about a potential employee. Such corporate training also extends to current employees who can get virtual trainings for promotions within a company. A company without a proper onboarding setup is more likely to have lower employee retention.
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