Here are 10 ways online PLD and training can help you save big.
1. Eliminating travel costs
The cost of travel has been rising steadily over the past few years, a trend expected to continue. Eliminating travel expenses can have a significant impact on training budgets. Online training enables learners to access courses from a range of devices and from anywhere in the world, eliminating the travel cost factor.
2. Reducing administration costs
Web-based learning management systems keep all the administrative data related to training in one convenient place.
3. Shortening training time
Organisations have reported that online training shortens training time by up to 60%. Your staff will be returning to work at full capacity that much faster.
4. Reducing time spent off the job
You no longer need to worry about staff spending full days away at training sessions. Online training can be done any time, anywhere. In addition, online training provides the opportunity for just-in-time training, which is done on the job rather than separate from staff daily work activities. Online training also gives staff easy access by allowing them to refer to important training material they may need while on the job.
5. Reducing the need for retraining
Online training leads to higher retention rates than instructor-led training. When staff better remember what they learn, they need to spend less time relearning it.
6. Allowing customized learning pathways
In instructor-led training courses, all learners usually follow the same curriculum. In online training, however, learning can easily be customized for individuals, so staff can get the training they need and don’t have to spend time reviewing things they already know or working through training that isn’t relevant to their job.
7. Lowering development and delivery costs
Online course authoring tools provide a fast and easy way to develop training courses, which can then be delivered via a low-cost, Web-based learning management system. A bonus: After a course is developed, it can be used over and over as many times as needed, so the marginal cost of delivering training to additional learners is practically nothing.
8. Identifying the need for clarification and remediation
By using an online learning management system, training and development personnel can monitor learners’ progress through the curriculum. That allows them to identify any sticky spots that students have difficulty in understanding. The identification of such knowledge gaps helps in clarifying key concepts again, so it is completely understood by learners. Online training also makes it easy for facilitators to identify learners who may need some extra help. It is much less expensive to identify and fix problems as soon as they arise than later.
9. Encouraging staff to become lifelong learners
Online training is an excellent tool for encouraging staff to become lifelong learners. Videos, games, simulations—these activities are fun and people enjoy participating in them. When staff enjoy learning, they are more likely to spend time learning, even when it isn’t mandatory. In today’s fast-changing world, there is no better way to ensure your company will have the skills to meet the needs of the future than by having staff actively working to develop those skills.
10. Helping staff become online-savvy
Finally, let’s admit it, not all staff are as savvy as we’d like to believe. With traditional learning becoming passé and online training taking over as a normal facet of future learning, staff must keep learning and discovering new technologies related to it. Doing so will help your organization to grow as your staff get better and smarter.