How eLearning can Help You Save Big?

Where eLearning platform offers learning flexibility, it also helps lower training cost, that too significantly. Simply put, you can save big when you switch to LMS for training your employees. In fact, studies show that moving to a digital platform for training employees can translate into cost savings of more than 50 percent.

Let’s take a look at how eLearning platforms can help you save big:

Lower Travel Cost

If you are a global company with operation and franchise units scattered worldwide, you can significantly lower your travel expense if you send trainers to different part of the world to train your employees. Eliminating travel expense can have a huge impact on your training budget. Through an eLearning platform, your employees can access courses from anywhere with ease.

Venue and Arrangement Cost

Small companies with limited office space, often book venues to organize workshops and training sessions. This can be costly especially if you tend to organize workshops often or on a monthly basis. By adopting eLearning methods to train your employees, you can easily cut down on expenses associated with event management and arrangements. You will not have to book a venue or spend money on arrangements like audio visual arrangements, refreshments and lunch.

Material Cost

When you move to a virtual learning platform, you will no longer need to invest in materials like stationary and print outs which you will normally require when holding a physical training session. This helps you cut down the cost associated with materials reducing your training expense greatly.

Trainer Cost

Once you switch to eLearning system you don’t have to pay extra bucks to hire trainers and pay them on hourly basis to train your employees. You can get courses devised from them and upload them on the eLearning platform.

Studies also show that online training leads to high retention rate as compared to instructor led training sessions.

Other Savings

Besides monetary savings, eLearning also help saves time of the trainer and employees. It reduces time spent off the job. Employees don’t have to spend their full day at the training venue. They can easily access training session material anytime they want from their workstation or mobile phones, whichever is convenient. Besides, it also gives them easy access to refer back to important training material they may need while they are on the job. Online training systems also help keep track and monitor employee progress. It also helps trainers to identify employees who may need some extra help or you are doing exceptionally well.