Using eLearning As A Cost Effective Training Solution

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eLearning has great potential to offer a cost effective solution for many training providers. With many people bought in to the idea of working and studying from home, and digital learning becoming more the norm, you could be missing out on a key market if you do not invest in eLearning.

Technology today permits more intelligence around ROI than ever before and with the right tools in place, you can account for every penny spent by generating some real stats.

Whatever the size of your organisation, eLearning could help your training company to scale. This is possible because courses can be completed online at any time from anywhere, allowing delegates to learn on their own terms, at their own pace.

Plus, an effective training management system will automatically track the learning journey, to give you a clear idea of how valuable your courses are, compared to the money invested.

So how can eLearning help to stretch your training budget further?

Choose the right delivery method

Firstly, it is important to ensure that you find the right delivery method that will help you maximise your ROI. Training management software can automate aspects of your learning environment and reduce the costs associated with in-house training. By logging onto a personal learning portal, course delegates can stay up to date with training completed, scheduled and required.

Portals come in all shapes and sizes, but it is important that you invest in a fully responsive system, that users can access from a range of devices, such as their tablet or smartphone. By doing this, course delivery, documentation and resources can be made available at delegates' fingertips, allowing self-delivery.

However, it is important to gauge whether eLearning is the most viable training option, depending on the type of training or individual learner. For example, using eLearning to teach a vocational skill may completely diminish ROI, as the delegate may come away not having learnt anything. 

Stretch the budget

It may be time to supplement classroom training with eLearning and move towards implementing a blended learning approach. eLearning certainly gives organisations the opportunity to stretch the budget.

In-house training comes with a range of costs such as trainer rates, room hire, equipment provision and sometimes travel expenses and accommodation. With an online learning environment, all of these costs can be eliminated, as learners can access their courses wherever and whenever they want.

All course content can be standardised, repurposed, easily updated and distributed to all learners, to ensure that training is consistent.

Some of the other benefits of using a training management system for eLearning include:

  • Reducing the costs of training administration, as all courses can benefit from automation
  • Reducing the risks of duplication or human errors
  • Integrated online booking systems can allow learners to book onto courses that suit them
  • Companies can track and trace their entire training portfolio and assess which courses are most valuable
  • ROI can be easily measured and companies can see which areas of the business are benefiting from eLearning

Remember, it's all about content!

eLearning packages can be bespoke to different delegates and created in-house or using one of the many creative media companies on the market. By doing this, you can appeal to a wider range of learners through a variety of methods.

Use a mix of media and make it interesting. Engaging your audience is the biggest challenge. Find out how to make boring training content engaging and fun in our blog. 

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