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Online Training Software

Online Training Software

Online Training Software versus In-house training programs

In unstable economic times nearly all businesses require some sort of training to keep their employees working at the best of their abilities. Staying in-house, studies have shown in-person training to be a very proficient learning method for employees, however such training requires time, personnel, and materials, which all increase an organizations costs. Finding a method that yields the greatest ROI should be the goal of any successful business model.

At the end of the day, when a business is determining whether they should implement an employee training program, they need to analyze all the factors involved and decide whether the benefits of the training program will exceed its costs. For most businesses, these are the major factors that need to be taken into account:

Cons vs. Pros of In-house Employee Training Programs

Cons

  • Development of the training program
  • Experienced personnel needed to implement the program
  • Materials for students
  • Administration
  • Timing to allow staff to attend training
  • Location and space needed to house all learners together in one room.

Pros

  • Increase in productivity
  • Labour savings
  • Training that leads to better, more innovative ideas
  • Better quality output

Countless studies have shown that a well integrated training program leads to both tangible and intangible perks for a business. The key then is finding the type of training that will lead to the greatest profit relative to its investment.

Online Training versus the traditional in house method

An online training software, such as Aktiv Mind LMS, takes the old method of in-house training onto the web, allowing trainees access to materials 24 hours a day 7 days a week, from anywhere there is internet access. Furthermore, the users can use any type of device, from Tablets, to mobile phones, to PCs and Macs.

Small-to-medium sized businesses specifically have seen an improved ROI when training staff using an online LMS as opposed to setting up in-person training seminars. It also reduces or entirely removes some of the certain costs, while retaining its benefits, making it a very favorable training method when carrying out a cost-benefit analysis.

When observing companies with fewer than a few thousand employees, our research has shown that:

  • in-person training seminars cost nearly 10 times more per trainee than training employees online.
  • web based training reaches a significantly greater number of users
  • online training takes up to 50% less time to complete than in-person training
  • travel costs are reduced by approximately 40% with online training
  • different trainees were able to learn the content at different times when using an online course software as opposed to trainees who missed an in-person training seminar being unable to learn the material at a later time

 

Taking a look at these statistics, it’s hard not to introduce an online training software to the employees of your small or medium sized business. Their training will cost less, reach more of them and take less time to learn. Don’t underestimate how beneficial this time compression is to your profit margins as it improves your company’s ROI via savings from reduced salary paid to trainers, as well as savings in opportunity cost.

See how Aktiv Mind LMS can help increase your ROI – sign up for a free 1 month subscription.

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