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6 Simple Steps to Lower Training Costs
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It’s a new year, new quarter and a new opportunity to be the shining star of your company.
But as we settle into Q1, you may be asking the same question you were last quarter: how to do more with less?
The demands of HR departments are constantly evolving, and much is expected when it comes to staying abreast of the latest employee training trends.
We’ve got 6 ways to help you get the biggest bang for your buck – without compromising engagement, productivity or profit.
This is the first step to reducing training costs. Moving beyond traditional instructor-led classroom learning can be a game changer, striking the perfect balance between training quality and cost reduction.
Not only does eLearning allow you to make training scalable, it also provides an accessible platform for learners around the world that can be updated quickly and easily.
An extension of #1 is taking your eLearning mobile, allowing for learning to occur anytime, anywhere in a format most learners want. Worldwide, 67% of eLearners use mobile devices to consume their content, making on-the-go learning absolutely critical in today’s learning ecosystem. Time is maximized, conflicting schedules avoided and the need for meeting rooms eliminated.
Microlearning is the chunking down of courses into tiny, bite-sized modules that concentrate on the essentials, instead of a broad range of topics. Learners can skip to exactly what they need, whether it’s a specific topic or a step-by-step video tutorial. This means you spend less time developing microlearning online training content and your employees spend less time working through content that isn’t relevant to them.
Just like enhanced mobile learning, offering webinars is an excellent way to further online learning and reduce costs.
Videos are now the most popular method for training and eliminate the need for travel, catering, and classroom or venue bookings, thereby reducing costs. Plus, they’re perfect for addressing a large, disparate audience.
While the initial investment in virtual, augmented and mixed reality learning technologies can be high, experts say that investment will ultimately generate significant cost savings and increase productivity. These new realities provide compelling and portable training solutions that optimize the learner experience and allow for the replication of a process that may be too costly to repeat over and over again. They also make it possible for multiple users around the globe to collaborate and learn in the same virtual space.
We all know time is money, so if learners are laboring through course content, it’s going to eat into training costs. Providing effective, engaging content that’s easily understood and applicable is one way to ensure training stays on schedule – and on budget. If learners only have an allotted period of time to learn the content, you want to ensure they leave having truly absorbed it.
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