Corporate Training is the channel through which businesses can expand the knowledge base of their clients. Through regular and worthy training, employees become more productive, more focussed on the core competencies of a business and elevate the success level to gain a competitive edge over others in the field. However, face-to-face training is practically impossible due to scheduling issues, and often the employees would have to travel to the location. Eventually, all this would eat up manpower and resources and finally, slower the business activities. With the advent of e-Learning system, businesses can expect to conduct successful training operations to their employees and ensure their benefit from it. Big shot companies are also conducting their corporate training sessions through Online Learning Management systems. For example, IBM was able to cut its costs by about $200 million on its training budget by making use of Online Training modules.
This means the number of companies making use of Online Learning Management systems is steadily increasing. E-Learning has emerged to be the second most important training method, where instruction time is also steadily reduced by about 60%.
Tips for Saving Money through Online Training
Choose a learning module that would be absolutely necessary for the employees.
There is no point in conducting Online Training if it doesn’t save time and money. So businesses must ensure that they do thorough assessment before deciding on the training modules that are to be attempted and completed. It focuses on training of your employees rather than generic training.
Choosing the subject matter
Often Online Training would require the company’s involvement to have an expert chart the subject matter. If you are familiar with the content, then you don’t have to hire an expert to help with the training modules. Or perhaps one of your staff members would be proficient in the subject and he would be able to guide you through the learning modules that should be selected for the rest of the employees.
Scheduling Online Training sessions would help Employees
Online Training sessions with live instructors would be extremely helpful to employees because they can clear their doubts directly. This is a kind of synchronous learning strategy where employees would have to participate when it is live. The beauty of this strategy is that the employees do not have to travel, it would save time and company expense.
Encourage Interaction between Employees
With the technological revolution, it is now possible for employees to interact with each other on a global scale. They can share ideas, debate and learn new things by having their training session right at their workplace. The introduction of forums serve as a marketplace for employees to come together and relate to each other.
Converting traditional learning sessions into e-Learning formats
Gather together all the materials in hard-copies and convert them into a digital format to send across to your employees located at different places. It can lead to skill retention and knowledge acquisition on a grand scale. It is also possible to use multiple opportunities presented through multimedia to make the best use of this strategy.