How to reduce the Cost of Training while maintaining efficiency.
Controlling your budget is also an opportunity to do more for the training of your employees.
Like everyone else, we have a lot to complete and not only the cost but also the time can be a stress factor.
But training your staff effectively and with results requires excellent organisation beyond specialised skills.
The average budget per employee is 1,000 euros. So what are the tips for investing in training when faced with such a large expense?
In this article we will cover all the different steps but also technologies and concepts that allow you to control your Training budget while delivering quality training and expecting ROI without missing your objectives.
List:
E-Learning benefits
Assessment and Data
Innovative eLearning Platform : Hybrid LMS / LXP
Invest in interaction and create Activities
Direct Learning Resources
Video-Based Learning
Embrace Social Learning
Embrace MicroLearning
I will articulate my approach by focusing on the short term as an echo or mirror to the long-term objectives.
E-learning benefits
Learners can interact anytime with their teacher online via e-learning.
On a Learning Management System (LMS) Online learning allows for live and interactive learning through video chat and messages. On the other hand, online learning enables students to learn and communicate with their tutor in real time and through video chat and messages.
Because most of the training information is available online, eLearning is usually thought of as a less costly alternative to physical training. It also lowers travel costs, as employees can access courses from anywhere.
The advantages of online training include the fact that it can reach a large number of people, both around the world and at all hours, as well as being systematised and delivered in a format that can be disseminated to a wide audience.
In comparison to in-person training, there are no travel or venue hire expenses, so it can reach more people, both globally and at all hours.
According to research, eLearning can reduce total training time by 40% to 60%. This can help companies save on numerous expenses and also increase productivity and profitability.
eLearning Assessment and Data analysis
Before any operation it is important to know your audience well and to define precise personas.
It is not a question of putting people in boxes or putting labels on them, but of organising the design of a course without knowing why and for whom you are doing it.
The data provided by your e-learning platform and its analysis should enable you to understand the strengths and weaknesses of your strategies.
It is normal to make adjustments, it is healthy to put yourself in a position of testing, feedback, and improvement.
List :
What are the gaps?
What are the expectations?
What are the needs?
What are the returns?
What are the ROIs?
Innovative eLearning Platform : Hybrid LMS / LXP
The selection of your Learning Management System (LMS) will have a great influence on the way you work and organise yourself.
It is important not to opt for just one SCORM course publishing tool. You need much more to work without limitations.
Especially since SCORM is an interesting format but it can be expensive and it certainly does not offer any flexibility in its ability to update its content.
Here is a list of options not to be missed:
Authoring Tool Integrated and owned
Video-Based Learning
Automatic translation
Library that support : video, audio, pdf, words, ppt, zip…
Learning Path
LXP Feature: blog, article, share
Chat, Forum, Virtual Class Room
Integrated Project Management Tool for elearning
Audience and Learning Management System
Quiz, Certification, Award, Badges… and Leaderboard
Tracking and Report
For more information do not hesitate to ask for a free Demo of Our Solution the Learning Lab.
Invest in interaction and create Activities
Following Cathy Moore's model, it is important to have a clear understanding of the purpose and mission of each course.
Using action mapping techniques, you can create engaging and effective learning experiences for your audience.
It is frequently used in gamification and eLearning to create game-like activities, incentives, and objectives for learners.
List :
What are the issues?
What are the challenges?
How to resolve it?
What are our ROI?
What activities are needed?
How to measure success?
An action-mapping framework can be used by designers to identify the most significant performance problem and develop a precise solution quickly.
It is critical to think about how to put learners in a pro-active position with the content when designing courses.
Invest in and Learning Experience Platform (LXP) for Direct Learning Resources
In LXP, the learner is central to the information-building activities, and social learning is definitely oriented towards collaborative and information-sharing spaces.
The concept is also to leave the learner free to choose his or her fields of investigation and knowledge development.
He is a responsible person and decides when and what to learn. But moreover he participates in the enrichment of the platform by sharing documents and articles with his colleagues.
Courses,
Discussions,
Exchange and sharing
Blogs and Articles
External links...
Check list :
Social learning with discussion
Personalised learning based on preference
Individual learning paths
Learning on demand
Supports all media types (video, podcast (audio), webinars, articles / blogs…)
Venue social collaboration : blended learning we are on it
The eLearning sector is welcoming participatory content and embracing the global community.
Video-Based Learning
Using video and virtual environments, instructors guide learners through lessons using video-based learning.
Short videos are usually used in video-based learning, along with other embedded content including text, graphics, and interactive exercises.
Interactive Video: Construct your own scenario through a series of choices.
Video Quiz: Add a quiz to your video! It's simple and terribly efficient!
Screen recording: Software training is perfect for video recording
Video Test: Film your presentation or talk and receive feedback
A Video-Based Learning Platform in few words:
Record directly on the platform
Ask for Video Assessment
Analyse and report
Integrate Social Learning
Organise live video event
Deliver Certifications and Awards
With a tool like the Learning Lab LMS it is easy and inexpensive to create and share interesting, informative and clear video content.
Video-based learning is more fun and interactive than dry and passive in-class discussions.
The video is adapted to scenarios or directly supports the message of an expert.
The video can be consumed in a wide variety of conditions.
The video can be paused and adapted to the learner's pace.
Video has no defined format so creativity is required
The video is cost effective!
The video can be viewed without limitation
Learn More :
Embrace Social Learning
Social learning is a process in which learners are involved in the development of e-learning content.
List :
Online courses
Discussions
Document exchange
Virtual Classroom
Classroom courses
Brainstorming
Repeat
Humans learn through observation, imitation and reproduction, so the principle of social learning is to immerse learners in an immersive experience enriched by discussions, documents and feedback.
The adoption of a social learning platform will enable you to achieve the following
Better communication within the company
Increased motivation and involvement
Develop the notion of self-learning and the search for knowledge and therefore personal development
Better retention of information
Better knowledge of the company as a whole
A reduction in turnover by reinforcing a positive company culture.
Embrace MicroLearning
MicroLearning sounds like old-fashioned advice, but the principle, which is also synonymous with Nuggets Learning, is too often forgotten in course development processes.
Microlearning refers to learning units that are small and short-term in nature. Learning processes that take place in a mediated environment are known as microlearning.
Learning nuggets are standalone microlearning activities, usually less than 5 minutes in length, that vary in size and scope that learners pursue in a specific context in order to achieve specific learning objectives. A learning nugget task will either be assessed or not.
Applied its principles to the creation of e-learning content.
Research says microlearning increases focus and supports long-term retention by up to 80%. And microlearning also increases engagement by 50%
How to reduce the Cost of Training
With our eLearning platform (LMS) you have all the features you need to manage and develop content while optimising your project costs.
Video-based Learning, Onboarding, Assessment, Social Learning, User generated Content, LXP features, ELearning Project management Tool…
The Learning Lab is centralized eLearning Platform to help you in your challenging mission.
Me stay at your disposition for a Free Workshop and Demo.