A recent US study found that employers there spent an average of $1,407 training each employee, though actual spending levels vary from $200 to more than $3,000 per year depending on industry.
According to the Canadian Chamber of Commerce, 85 percent of those expenses come from delivering the training, like instructor time, travel, venue fees, refreshments, etc.
THATS 85% OF YOUR TRAINING INVESTMENT SPENT ON NON TRAINING COSTS
When companies put their training online, they save on average between 50 and 70 percent on the costs of training.
This isn’t to say that eLearning is cheap or without expense. You need to find the right teacher, design an effective course and put the program into production, all of which costs money.
However, each time you use this course to train an employee, you’re balancing those initial start-up costs with the costs of sending employees out to train or bringing a trainer into your company.
In short, your return on investment multiplies with each use. Eventually these courses more than pay for themselves, creating a win-win situation.
If you want to save money in your training budget – PUT YOUR TRAINING ONLINE
Of course, the best way to put your training online is with OTrain. Contact us today on 07 3040 3310 to learn more.
About the Author
Shane Ridley is the Founder and Managing Director of OTrain. With a background in Workforce Development, Shane has been involved in everything from staffing and developing workforces in Greenfield sites to working with 100 year old companies. 1 man operations to multinationals.
A serial entrepreneur, Shane has also successfully started and grown 5 businesses, on 3 occasions taking them from concept to $1M+ in revenue.
OTrain puts training online.
With our cloud based Learning Management System, and our Studi.O team, OTrain is on a mission to Save the World from Boring Training”
OTrain is Simply put, a better way to train.
Learn more about OTrain by visiting www.otrain.com.au or calling us on 07 3040 3310