How to Make Employee Training More Cost-Effective| MENAFN.COM

Monday, 24 January 2022 02:06 GMT

How to Make Employee Training More Cost-Effective


(MENAFN- Digimagnet Inc.)

A highly skilled and well trained employee is a huge asset for any company, but unfortunately most companies don't invest enough on the training and development aspect of an employee. For many organisations employee training looks like an unnecessary expense. However, from a long-term perspective, training an employee benefits the company eventually when used in a proper way.

The right training program will increase productivity, employee engagement, retention and provide many more benefits which will in turn, enhance the customer experience because your team will be more skilled at their jobs. One of the biggest reasons companies avoid undertaking employee training is the cost involved.

However, there are many companies which provide training services at a lower cost, Mindflash LMS being one of them. The Mindflash pricing model charges clients on the basis of the number of learners they have and they even provide a free trial for new customers.

Besides implementing a LMS, there are many ways a company can cut down the costs of training and make it a more economically viable method. Here are a few points to consider:

1) Adopt virtual training:

Of late, most companies are conducting online training programs, thanks to the pandemic. But many companies are yet to adopt these training methods. Online training is very cost effective when compared to conventional training because it’s a one-time investment. It can eliminate class room costs and travel expenses along with that, you can also train more people by having a single tutor for a subject.

Learners can also adapt to asynchronous learning if they feel they cannot attend the classes at a particular time. One can go through the recorded videos whenever they want.

2) Partner with training management companies:

One of the effective ways to do training programs is by collaborating with training/learning management companies. You can also avail their services when there are special offers like annual subscription etc. Mindflash is one such company that provides free trails and frequently puts out various offers for its clients.

These companies are not only cost effective but also provide niche based services which will enhance the learner experience.

3) Find trainers within the company:

Initially train one employee who has exceptional communication and technical skills and make them the trainer. You can add the training process as part of the trainer job description to train their subordinates.

This is one of the best cost effective methods and also helps an employee to get promotion and expand his job description once he/she becomes a trainer.

4) Remodel existing eLearning methods:

Use all the material from the past and remodel it to the current requirement or you can use the same material if there is not much change to course. In this way you can cut down the time and costs to create a new course.

Begin by checking all the current material and then see if there is any need to add more content to it, this can cut down lots of additional costs. Anything that applies can be reused to correct methods and bring out the best content possible.

5) Implement backward design:

One of the main wastes of money happens when you add unwanted stuff to the course. Having the right knowledge in designing a course is very important. By understanding the learning objectives, one can spend on critical design and development elements, this process is called backward design.

Just try to understand what the learner needs to take away when he/she completes the course and design according to this parameter. Once you figure out a way to design the course you can choose better LMS for your requirements.

Conclusion:

Employee training is one of the key and costly processes in any company. One has to invest in their employees smartly and try to develop the skills and exposure. A systematic cost effective approach can be adopted by designing the course well and cutting down the costs unless it’s absolutely necessary and try to inculcate new digital training methods. In this way you can make employee training more cost effective.


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Digimagnet Inc.

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