If we stop to investigate, most of the sites will give us at least 6 good reasons or examples on how the E-learning platforms or methods helps our company to safe costs with a good e learning system so, next, we will present our top of reasons on how the electronic learning systems help optimizing training costs:
1. Lower travel costs:
It’s really complicated and time consuming to use in-person classrooms, as they required both, trainer and trainees to go to a determined location to receive a training. Now, let’s think about the companies with vendors located all over the world that have to pay travel and accommodations as long as the trip lasts for some specific training. With an e-learning platform, the geographical location becomes irrelevant, as anyone can access from any corner of the world with an internet connection.
2. Minimize lost productivity:
Classroom trainings requires people out of the office or their workplace which might mean impact in the business’ productivity. Also, it’s a lot of time consuming moving the employees from one place to another, when this time could have been spent in other important tasks. Now, if a company had to train a full work team, how much would be the cost per hour for each one of your employees? With an e-learning platform this wouldn’t be an issue as the companies could train the employees in their own workstation and get the results of the test of all the students at the same time.
3. No venue costs:
In-room trainings, as its name indicates, implicates a separate space for training a company’s team, which usually is an issue for small businesses which doesn’t count with the facilities to train people, usually end up in the rent of a place for this purpose which is very expensive, depending on the time and amount of people the company has to train. With an e-learning platform or system, employees can be trained inside the company’s facilities, or even in home or in their free time.
4. Lower Instructor costs:
Let’s say the truth: trainers and facilitators need to be trained as well and this costs time and money. Also, is necessary to pay for their time and knowledge and, in some cases, depending on the company, is necessary to pay more than one for training employees. With a e-learning platform, the training schedules and time is basically in hands of the employees, which saves a lot of time and budget for a trainer.
5. Reduced material costs:
One of the most tedious things to think about when we talk about traditional training are the materials needed to deploy said training as text books, or get the text book copied, plus make the employees expend money and time buying notebooks and pens and hoping they can catch as much information needed. The real problem shows up when the company has restrictions about having paper or notes in the workstations, as it happens in most of the call centers as they need to keep safe the customer information. Moving to an e-learning system will save time and money in textbooks or print outs, and also make it easier for the employee to access important information easier and provide a better service and improve on their performance.
6. Real-time tracking:
At first sight, this doesn’t look like it could help save money to the company. However, if we stop to think in all the time that consumes to have a trainer check each exam or test and put a score on them, and then have a track for each score, and them get the media and manually count who is passing and who is not, we can easily spot the benefit and time saving it would be to have an e-learning platform that takes care of getting the results immediately after the exam finished, and get the reports done once everybody has ended.
7. Printing costs:
Even though this topic was slightly mentioned before, we’d like to take a deeper look in it. Having information printed with educational information it’s, in long term, a waste of time and money in materials. All of us are aware that nowadays company, the information gets updated quicker than expected, which makes that having printed information becomes an obsolete way of providing information to the employees, as it will be necessary to re print the same information with the new updates over and over again, without counting with the risk of not having all the updated information needed; and it represents loses for the company, and also how damaging it is for the environment. With an e-learning platform as part of the company, all the updates can be replaced online, and as the information stays online, employees can access it at any time without recurring to old paper sheets.