GLD 5: Budgets and Workforces

Your Training Edge

One of the biggest challenges to any training program is budget. In today’s environment, training budgets have been slashed and it may be difficult to obtain further funding. And in those budget cuts, sometimes only the most essential of training programs can continue to be offered. So the challenge for a global leadership program may be obtaining a budget, much less obtaining more money to complete the program.

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[Free Webinar!] More Courses, Less Cost: How to Provide More Content on a Limited Budget

Adobe Captivate

New year, new training budget! And a new class to help you figure out what to do with it. Managing a budget has always been weirdly enjoyable for me – sort of like playing a jigsaw puzzle with money. Register with Training Magazine Network for free. More Courses, Less Cost: How to Provide More Content on a Limited Budget. How is your 2019 training budget treating you? How do I develop more custom content without investing more of my budget?

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MOOCs: Building Personal Learning Networks

Your Training Edge

One major change that MOOCs have greatly contributed to is the gaining recognition of learning as a primarily social activity, where the networks created are just as important (if not more important) as the content learned. Because of this, education is moving from a model of knowledge transfer to a model of learning network development. A personal learning network (PLN) is a network of resources including people (subject matter experts, coworkers, friends, mentors, etc.)

How to Market Your Online Course on a Budget

LearnDash

If you’re lucky, your professional background may have left you with a lot of networking connections. Even if you’re working on a limited budget (and if you’re starting from nothing you almost certainly are), there are several cost-effective ways to get your course off the ground. Set an ad budget. You can pay for online advertising in a few different ways, but the most common are either CPC (cost-per-click) or CPI (cost-per-impression).

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Do Low-Cost, All-Inclusive LMS Packages Exist?

TOPYX LMS

The Benefits of Social Media Networking at Work, hrcloud.com’s article, says, “ Social media just makes you smarter. Employees that are researching, communicating, and building online networks are some of the most involved, innovative, and progressive-minded people you’ll find. An LMS’s social media features let employees partake in social media networking in a controlled setting, for professional communication purposes.

Social media budget line item?

Clark Quinn

In talking with a social media entrepreneur over beers the other day, he mentioned that one of his barriers in dealing with organizations was that they didn’t have a budget line for social media software. In one instance, it had been the R&D organization that undertook the cost. In another case, the cost was attributed to the overhead incurred in dealing with a merger. Where does social media fit in the organization?

The True Cost of Poor Project Management

ej4 eLearning

of companies complete all the projects they set out to do, and about 1 in 6 projects had a cost overrun of 200% or more. For example, the Project Management Institute (PMI) published its 2016 Pulse of the Profession, the findings of which were based on interviews with 2,500 project managers, directors, and other executives in a position to assess both the cost and the success of various projects. The bigger the project, the more costly such miscommunication becomes.

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Invest in Your People Even with a Small Learning Budget

CLO Magazine

But budget can be an issue. In a March Forbes article , leadership development professional Rebecca Zucker offered 10 ways companies can develop people with little to no learning and development budget. Zucker, a partner at leadership development firm Next Step Partners, wrote that action learning projects, mentoring, job rotations and stretch assignments are low-cost ways to invest in employees’ professional growth.

5 Ways to Stretch Your Training Budget

Mindflash

Despite ample evidence supporting the bottom-line value of training and professional development , training budgets are almost always the first place business leaders target for cost-cutting. But for those of us who are trainers or training designers faced with more pressing day-to-day challenges of operating on a limited budget, what can we do to stay budget-conscious and maintain our relevancy in the eyes of business leaders? Need more budget-friendly ideas?

Get Your Paws Off My Training Budget

Living in Learning

Now that’s a good question, and it is likely the one whose answer holds the key to protecting budgets and avoiding reduction in staff. In truth (…and that would be my truth), asking these things about what leadership does or doesn’t understand is a deflection away from the true source of budget and staffing angst. I mean really…what’s the latest dollar valuation of impacting learning through implementation of a collaborative social networking solution?

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Think of a Cost-Effective ERP end-user training method Before Cutting off the Training Budget

CommLab India

What would be the first thing to get axed in the cost cutting initiatives of an ERP project? So before cutting off your training budget, you might like to think of a few cost-effective ERP end-user training methods. For cost-effective and quick end-user training, some of these training methods can be employed. In case you have a low training budget and the training material is not so confidential, you can opt for Skype or Google Hangouts which are free.

Instructional designers’ toolkit for a zero-budget training project

Matrix

One of the most daunting challenges that instructional designers face today are shrinking budgets. They are often asked to do more with less and even though everybody always says “there are a lot of great tools available online for free” it takes a lot of time, effort and quite often a rather large amount of frustration until one finds the ones that are truly without cost and also do what they promise. Toolkit for a zero-budget training project.

E-learning course development: How to balance between size, cost and time? Pt. 1

eFront

As a e-learning course creator you have to learn to balance between size (scope), cost, and time, and this is what this mini post series is all about, beginning with… Cost. Cost might seem like an easy thing to manage. After all you have a limited budget, and you have to work within that, what could be easier? Managing costs is all about estimations. – costs of employing someone to write a course’s material. – support desk costs.

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LMS Pricing: Avoiding Hidden Costs When Selecting eLearning Software

Melon Learning

Not only will this exercise help you narrow down the number of potential vendors but it will also shed light on some of the hidden costs that are associated with adopting an LMS. If your organization’s training needs are somewhat small-scale and you are on a really tight budget, a free or an open-source option might be the way to go. It’s absolutely okay to adopt a free/open-source LMS as long as you are aware and have carefully estimated the hidden costs of using one.

Learning & Development: How To Do It Right (2020 Update)

Docebo

The Cost of Turnover. When we lose top talent, or any at all, we face the costs of turnover. Research from the Work Institute shows that the average cost of employee turnover is 33% of the position’s salary, which is approximately $20,000 for a job paying $60,000 a year. They have completely changed the way we network and learn from one another.

Employee Education ?May Cost Too Much

CLO Magazine

They were part of a company’s learning function, experts who could reduce tuition costs and evaluate curriculums and institutions offering degrees to support business objectives. Schools know this, which means those with the biggest marketing budgets attract more students. Without the expertise of an academic learning specialist on the CLO’s team, there exists a real “buyer beware” problem, which could cost a company and its employees too much.

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5 Ways to Stretch Your Training Budget

Mindflash

Despite ample evidence supporting the bottom-line value of training and professional development , training budgets are almost always the first place business leaders target for cost-cutting. But for those of us who are trainers or training designers faced with more pressing day-to-day challenges of operating on a limited budget, what can we do to stay budget-conscious and maintain our relevancy in the eyes of business leaders? Need more budget-friendly ideas?

Reduce Travel Costs and Boost Collaboration through Online Training

Mindflash

Funding for travel and accommodations is often a significant part of the training budget. Discussion Boards: According to a survey from Software Advice, 24% of LMS users (the majority) prefer social networking in the form of discussion boards. Judicious use of online training will minimize travel-related costs without sacrificing training program quality and the ability for participants to learn collaboratively. Hosting employee training can be an expensive proposition.

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5 Creative Ways to Market Your eLearning on a Budget

Association eLearning

Here are 5 creative ways to market your eLearning on a budget: 1. Tips for using gamification to market your eLearning – Create a contest of sorts; it doesn’t have to be anything elaborate and if you don’t have the budget, actual “prizes” are not even necessary. Social media is your best bud when you have a limited marketing budget. If you have a few dollars in your marketing budget, you should also consider promoting your post using Facebook Ads.

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Reduce Travel Costs and Boost Collaboration through Online Training

Mindflash

Funding for travel and accommodations is often a significant part of the training budget. Discussion Boards: According to a survey from Software Advice, 24% of LMS users (the majority) prefer social networking in the form of discussion boards. Judicious use of online training will minimize travel-related costs without sacrificing training program quality and the ability for participants to learn collaboratively. Hosting employee training can be an expensive proposition.

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Let’s compare – How much can you save with your own LMS?

Coassemble

The cost of training can make businesses apprehensive, but if properly measured, the value it can provide to a business makes it an essential element within any budget. One study reports replacing workers who earn $75,000 or less costs roughly 20% of their salary. That would mean replacing someone who earns $75,000 would cost $15,000 to the company. Let’s compare: The cost of employee benefits. Let’s Compare: Costs of traditional training and online training.

The 2 sources of freebies

E-Learning Provocateur

The theme this time around was Learning in a cost conscious environment. We’ve all seen it with our own eyes: when a company hits hard times, its training budget is one of the first casualties. Bob Spence rightly pointed out that the training function is often seen as a cost rather than an investment. However in the back of my mind I was empathising with the poor bunnies who are stuck now with slashed training budgets. • Social networks.

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Switching From Traditional To Online Training: 8 Expenses You Can Eliminate

ScholarLMS

Can online training really cut costs without compromising results? The cost of printing manuals, exams, and other materials can quickly add up. Unless you have ample room to host your traditional training sessions, you must factor site rental fees into your L&D budget. Traditional training costs also include promotional items. In most cases, you must also budget for training equipment and tools that employees may require during the event.

Lean times call for creative solutions

Bottom-Line Performance

They also head outdoors for lower cost and healthier entertainment such as hiking. Yesterday on the BLP LOL Live webinar about Moodle, we heard that quite a few organizations are interested in Moodle due to budget constraints. Implementing Moodle as an LMS or social networking as a tool for sharing knowledge still has a learning curve and costs associated with them. However, you gain a cost effective and useful tool.

ILT…Is It Still the Gold Standard?

Your Training Edge

Peer learning and network-building. The most commonly cited disadvantages are related to cost and logistics: ILT is expensive and time-consuming. Finally, while peer learning and network-building can occur, they are oftentimes short-lived because there is no infrastructure in place to foster those connections after the course has ended. To top it all off, they can do all of this on a budget approaching one-fifth that required for high-quality instructor-led training.

Instructor Led Training…Is It Still the Gold Standard?

Your Training Edge

Peer learning and network-building. The most commonly cited disadvantages are related to cost and logistics: ILT is expensive and time-consuming. Finally, while peer learning and network-building can occur, they are oftentimes short-lived because there is no infrastructure in place to foster those connections after the course has ended. To top it all off, they can do all of this on a budget approaching one-fifth that required for high-quality instructor-led training.

What If Your Association Can’t Afford an Instructional Designer?

WBT Systems

Now, the bad news: you didn’t get the budget to hire a professional to design and develop the course. What’s more, you have to consider the budget you’ll need to build your staff’s instructional design skills—and any other skills required for creating course content, for example, visual design or multi-media skills. If you don’t already have an authoring tool, you’ll need to budget for that too. Blog association budget e-Learning elearning instructional designer planning

Informal Networked Learning; IT or Training responsibility?

Corporate eLearning Strategies and Development

HPT ensures that training, which is costly, isn’t prescribed unless it addresses a verifiable lack of skills and/or knowledge. I haven't blogged in a few days. I've been re-evaluating my need to blog. I love reading Harold Jarche , Jay Cross , Mark Oehlert , and so many others in the learning blogosphere. I sometimes wonder if I'm actually adding to the conversation, or simply screaming, "yea! What he said!".

Free Stock Photos Sites for e-Learning

eFront

I am sure that the most of us work with tight budgets and limited resources. The stock.xhng operates as a hybrid of a picture library site and a social networking site; registered users may set up a personal profile, upload their photographic works to share with other users, write a blog and participate in online forums to discuss and critique each others work.

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The 2 sources of freebies

Learning Cafe

The theme this time around was Learning in a cost conscious environment. We’ve all seen it with our own eyes: when a company hits hard times, its training budget is one of the first casualties. Bob Spence rightly pointed out that the training function is often seen as a cost rather than an investment. However in the back of my mind I was empathising with the poor bunnies who are stuck now with slashed training budgets. Social networks. •

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If the CFO knows the waste of non-reusable e-learning content, would they approve the budget?

Vignettes Learning

It is costly. Ray Jimenez's Workshops Implementing Social Networking to Boost Organizational Learning and Performance 3-Minute and Rapid e-Learning Ray Jimenez, PhD www.vignettestraining.com Ray Jimenez, PhD Author "3-Minute e-Learning" www.vignettestraining.comREUSABILITY is not a technical term; it should be a term for the learners. Those of us who design systems use the word "reusability" from a technical view without understanding what the learners really want or need?

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What to Consider When Choosing a WordPress Membership Plugin

LearnDash

Forum or social networking site. Some membership plugins have specific features that help you manage forums or other social networking functions. What’s your budget? Membership plugins help you control access, membership levels, and subscriptions.

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Top 10 Cloud Management Tools for Your Business

Hurix Digital

Most enterprises who take advantage of cloud computing tools end up cutting costs and optimizing their cloud workflow. For organizations that are looking to cut costs in their data management, RackWare is a versatile and flexible cloud management solution.

LearnX Asia Pacific 2009 - Day 2

E-Learning Provocateur

Stephen offers the following tips: place yourself (not the content) at the centre of your own learning network; organise your knowledge (eg build your own CMS with Drupal ); simplify your learning by summarising it; and accept the fact that you can’t read it all, so choose what you need now and let the rest of it go – if you need it again in the future, it will be on the Web somewhere.

I want to facilitate online discussions but how do I choose the right platform?

Joitske Hulsebosch eLearning

The book Digital habitats of Etienne Wenger, Nancy White and John Smith has been an input, as well as the blogpost by Christian Kreutz: a starter for development organisations engaging in online networks. Opening a group on an existing social network sites such as Facebook or LinkedIn. Most major social network sites such as MySpace and LinkedIn have the opportunity to start your own group. It feels like you are in the pub of this social network.

Traps To Avoid When Hiring An Instructional Designer

Spark Your Interest

Focusing Too Much on Budget. Ok, so I’m not going to tell you that your budget isn’t important. Hiring an instructional design company because they fit your budget is definitely a trap you need to avoid. The budget is a consideration but only that. There’s an awful lot of scope in what you can produce within your budget. If you want high-end bells and whistles, and the latest in virtual reality then your budget needs to expand accordingly.

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Reasons why you need to outsource the creative production process

Your Training Edge

Cost efficiencies. This can lower the risk of hidden costs and excessive network charges that can frequently be buried when hiring a full-service agency. The ability to consolidate costs is a significant efficiency factor, not only from a staff point of view will it reduce internal overheads, but it will also initiate more competitive pricing as overheads are lower and turnaround times faster, thus driving down the campaign costs.