It is a fact that regular employee training is highly important. These training sessions amplify your team’s skills, improving productivity and staff satisfaction.
According to the Bayt.com Career Development in the MENA survey, 86% of professionals consider career development very important and 80% would leave their current company for better training opportunities. So, as an employer, it is no doubt that you are constantly on the lookout for lucrative training avenues.
However, along with the willingness to offer beneficial training sessions, you might be facing one practical challenge, i.e., cost. In some cases, training modules can significantly impact your organization’s budget.
So, are there solutions to provide effective employee training at low costs?
Well, there are ways to cut down these training expenses, and this blog offers all the valuable information. Read on to find out!
A Learning Management System is a software or web-based application that helps organizations with the following eLearning activities:
You can conduct all the mentioned tasks with a reliable LMS. Notable examples of such systems are Canvas, Google Classroom, and TalentLMS.
Some of these solutions are open-source products which means you can plan courses, design modules, and offer suitable training with minimum investment.
Additionally, LMS offers high flexibility as you can outsource, hire a service, or self-host training sessions in your company. You hence receive an excellent control of the training costs with the array of features.
You do not need to conduct separate onboarding training sessions for every employee. Using solutions like AfterHire can reduce costs incurred in this process.
In doing so, you must focus on two parameters while creating an onboarding process:
With these parameters, new entrants will find it convenient to access training sessions. This means you can bid adieu to the time-consuming and expensive induction programs.
In addition, you can customize the modules as per business requirements. So, consider repeatable onboarding as a long-term cost-saving method.
In the first instance, you might feel that creating videos is time-consuming. While it is true that you need to invest time in recording training videos, note one aspect. Videos are reusable.
Once you record a foolproof training video, it becomes long-term eLearning content. What is the most crucial aspect in this case?
It does not require a huge investment! You can use video recording platforms like Loom or the screen capture feature on any computer. This way, you can use videos for the following purposes:
Employees can access these videos that contain helpful information through these training channels which means you won’t need to invest in auxiliary training courses or sessions.
What is the one essential factor that increases your cost of training sessions?
Well, it’s ‘time.’ The longer your employee training modules, the greater the resource requirement. This way, you impact productivity and invest more money for the successful implementation of training.
The best solution to solve this issue is microlearning as it allows you to deliver training to employees in a two-to-five-minute content form. This bite-sized chunk of information is easy to understand, caters to the short attention span, and saves time.
So, here are some popular and effective microlearning modes to conduct cost-effective employee training:
So, depending on your organization’s budget and staff size you can choose any of these microlearning types.
Gone are the days when you, as an employer, had to book adequate space for in-person training workshops. Thanks to technological advancement, video conferencing software today allow companies to conduct virtual training.
So, how does this method reduce employee training costs?
For starters, you do not need to hire a venue or pay for travel and catering expenses. Also, you can leverage electronic gadgets as one-time equipment for delivering these sessions. Additionally, you are also improving the convenience of your employees.
How?
Well, they can attend the training session from the comfort of their homes. So, all in all, shifting towards virtual training is a win-win situation for you and your team.
Employee training can become a significant investment for upscaling your business. By upgrading the skills of your staff, you can end up benefiting from the team’s enhanced work output.
However, conventional training sessions are associated with rising costs. To reduce these expenses, solutions like microlearning, LMS, virtual training, and others can prove useful. So, it makes perfect sense to avail services of digital companies that assist employers in improving their training efficiencies.
