KitabooKitabooKitabooKitaboo
  • No Menu Set
cost of employee training | Optimizing the Cost of Employee Training While Upskilling

Optimizing the Cost of Employee Training While Upskilling

By Snehnath Neendoor | Employee Training | 0 comment | 17 March, 2020 | 2

In this blog we discuss about ways to optmize the cost of employee training.

Employee training is absolutely necessary to upskill your staff and make your business stronger in the face of the ever-increasing competition. However, employee training comes at a cost, sometimes exceeding what your training budgets. Whether your training is online, on-site, or blended, it requires investment in terms of time, cost, planning and resources.

That said, developing and implementing training don’t have to be always expensive.

Here, in this post, we discuss a few simple ways with which you can cost optimize your cost of employee training without compromising on its quality:

1. Adopt eLearning

When it comes to cost optimization of employee training, online training can be a game-changer. eLearning is the simplest and most cost-effective way of making training activities and materials available to employees spread geographically across cities and even countries.

Studies show that over 41.7% percent of global Fortune 500 companies are using eLearning as a means to train their employees and this figure is likely to rise in the future.

Further, studies also show that companies that invest in eLearning can potentially boost productivity by up to 50%, and that for every $1 they spend, they can boost productivity by $30.

By hosting your content on cloud-based training platforms, you can eliminate the costs for printed training material. eLearning also eliminates the need for on-site instructors, which means that you save in terms of travel and accommodation costs.

The same holds true for your employees as well – they don’t have to travel to a specific destination for training, rather than can log into their training courses from anywhere and anytime and take the training.

2. Use a Learning Management System (LMS)

An LMS requires initial investment but holds good in the long run. You can use its features to create, design, develop and deploy content.

You can also update your existing content and thus save on getting your course material printed every time it is updated. Besides, you also save in terms of inventory costs.

Here’s a list of the 10 Best LMS Solutions to Consider for Employee Training

3. Instructional Videos

Videos are one of the best ways to deliver online training. Since video is an audio visual medium, it holds employee interest and makes learning more interesting and engaging. A good way of producing videos without big spending is to record your in-person training classroom sessions and use it for your eLearning programs.

Screen capture is another great option in case your training is about a software package or other internal system. Besides, you can also use in-house talent for voice overs etc., and thus, save on hiring external resources to create and edit your videos.

Guide: How to Create Great Video Training Content. Download Now!

4. Distribute Learning Across Your Company

Basically, you can delegate parts of the learning process to your employees. For example, a knowledgeable employee creates eLearning content for new members of the team and also assesses their progress.

In-house content distribution generally involves the top tier, or the senior-most executives, who supervise the result of the middle tier employees, who in turn, act as the instructors for the newer and junior-most employees.

Guide:

Effective Ways to Deliver Corporate Training Content

Download Now!

5. Share Course Materials with Other Companies

Competition is not always about rivalries. You can actually exchange your teaching resources with your competitors, thus, saving on creating all your courses on your own and achieving mutual cost benefits.

This of course, does not include sharing confidential material such as your internal competitive strategies. Sharing of resources works best between companies not competing for the same markets, subcontractors and partners.

As a note of caution, avoid using branded eLearning content of your competitor as it would hurt your image amongst your employees.

6. Adopt Virtual Gamification

Gamification is one of the best ways to improve employee engagement with the curriculum. Increased engagement results in more motivated learners and greater learning outcomes.

The rewards in gamification are also virtual, for example, moving to the next level of the course module. This means that you cut down on the cost for actual rewards and recognitions.

Learn whether Gamification is The Secret Sauce for Employee Engagement?

7. Use Reporting and Analytical Tools

If you are using an LMS, you can use its reporting tools to analyze the effectiveness of your courses and also gain feedback on the performance of your employees.

You can gain insights into various aspects of your eLearning course such as learner’s engagement, knowledge retention and performance. While choosing an LMS, make sure it provides you with reporting tools and that these fit in with the specifics of your company.

8. Recycle and Reuse

Review your content to sieve out the useful from the obsolete. More learning does not necessarily mean better learning. On the contrary, it can lead to cognitive overload, causing stress and reducing the effectiveness of the training.

The other way to ensure cost optimization in employee training is to reuse the material which is still relevant. This can be in the form of video material, for example, video recording of offline lectures which can be used as content for new learners.

Then again, based on the analysis, you identify that a given course did not perform well. Rather than binning the entire course, see what can be salvaged and then reused, rearranged or rewritten.

You can also mix the salvaged portions with new content and thus reduce the cost of new content creation.

Related:5 Ways to Create Effective Interactive Training Content

9. Incorporate Forums

Forums are an ideal platform for peer-to-peer interaction and communication. By leveraging these communication channels, you can eliminate the costs of venues and catering.

10. Leverage Communication Technologies

As a case in point, if video is not enough you can organize online workshops through webinars. These webinars also remove the need for venue and travel and lower the average training course per employee.

The instructor can address multiple employees in real-time. And if some learners are unable to attend the webinar during the scheduled time, they can watch the recording when they have time.

11. Make Learning Mobile-Friendly

Mobile learning ensures that your employees can access the courses at the time they can benefit from it the most. Besides, they can take the training anywhere. Mobile learning also addresses the issue of clashing schedules and the need for meeting rooms.

Make sure that your eLearning course is mobile-compatible and easily accessible so that your employees can engage in constant microlearning to upskill and meet their development needs.

Microlearning is a means to tailor content to your employees’ needs, saving time in working through training content that is not relevant to them.

By implementing these strategies, you will be able to ensure cost optimization in your employee training without compromising on the quality of your content. You will also be able to ensure a high-quality upskilling experience for your employees within your budget.

Related:

  • How to Choose the Right Employee Training Software
  • Only 5 Employee Training Software You Need to Know About!
  • 5 Ways to Create Effective Interactive Training Content
  • The Best Online Corporate Training Platforms
  • What are the Best Employee Training Tools for Your Business?
  • Online Training Solutions and the Art of Enterprise Training Delivery
  • 5 White Label Learning Platforms to Consider for Employee Training
DISCOVER HOW A MOBILE-FIRST INTERACTIVE TRAINING PLATFORM CAN HELP YOUR ORGANIZATION
Kitaboo is a cloud-based platform to create, deliver & track mobile-first interactive training content.
REQUEST DEMOREAD MORE

You May Also Like

  • The Impact of Blockchain Technology on the eLearning Industry
    How augmented reality is changing the eLearning sector?

    Employee Training / January 17, 2018

  • sell ebooks
    How to Sell eBooks on Shopify and Build Your Legacy as an Author

    Blog,Digital Publishing,eBook solution,Education Technology,Employee Training / July 30, 2022

  • remote training | How to Create and Deliver Cost Effective Remote Training
    How to Create and Deliver Cost Effective Remote Training

    Employee Training / August 27, 2019

The following two tabs change content below.
  • Bio
  • Latest Posts
My LinkedIn profile

Snehnath Neendoor

Snehnath is the Senior Vice President, Business Development at Hurix Systems. He has rich and diverse experience in training and learning solutions for the enterprise segment.
My LinkedIn profile

Latest posts by Snehnath Neendoor (see all)

  • 5 Ways to Create Effective Interactive Training Content - September 4, 2022
  • Corporate Training & Development Trends to Watch Out for in 2022-23 - September 1, 2022
  • 5 White Label Learning Platforms to Consider for Employee Training - August 28, 2022
cost optimization, Employee Training, optimizing employee training costs

More Resources

  • Case Studies
  • Whitepapers
  • How To Guides
  • Infographics
  • Product Videos
  • Kitaboo FAQs

Request a Demo

An enterprise platform that 15 million users trust

Follow Us

Kitaboo Product Video

Recent Posts

  • Frankfurt Book Fair 2022
    23 September, 2022
    0

    Discover the future of publishing with Hurix at the Frankfurt Book Fair 2022

  • education product
    20 September, 2022
    0

    Tips to Design an Education Product for a Better User Experience

  • WCAG 2.2
    19 September, 2022
    0

    WCAG 2.2: The Next Step in Digital Accessibility

  • Social-emotional Learning
    16 September, 2022
    0

    Role of Social-Emotional Learning in 2022

Categories

  • Blog
  • Digital Publishing
  • eBook solution
  • eCommerce
  • Education Technology
  • Employee Training
  • ePUB Conversion
  • Frankfuter Buchmesse
  • Nonprofit Organizations & Associations
  • SDK
  • Self-publishing
  • Uncategorized
  • XML Conversion

Get the latest posts delivered right to your email.

Sign up to Newsletter

PRESS & MEDIA

  • Press Releases
  • News Section
  • Events
  • Infographics

QUICK LINKS

  • About us
  • About Hurix Systems
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
  • Cookie Policy

RESOURCES LINKS

  • How To Guides
  • Product Videos
  • Blog
  • Case Studies
  • Kitaboo Partner Program

KITABOO READER

  • Hurix System' best in class interactive ebook reader application Kitaboo is now available on the Applie Itunes app store
  • Hurix System' best in class interactive ebook reader application Kitaboo is now available on the Google Play store
  • Hurix System' best in class interactive ebook reader application Kitaboo is now available on the Microsoft windows store
  • Hurix System' best in class interactive ebook reader application Kitaboo is now available on the Apple Mac application store
  • Hurix System's digital publishing platform Kitaboo now has its own Online ebook Reader
Copyright © 2023 KITABOO - Mobile Content Delivered. | All Rights Reserved
  • 6 reasons why students prefer digital content
  • About Hurix Systems
  • About us
  • An Insider Guide to Frankfurter Buchmesse 2019 (Frankfurt Book Fair 2019)- Kitaboo
  • Blog
  • Case Studies
  • Case Study – Gyldendal
  • Case Study Attano
  • Case Study Chapter Buy
  • Case Study McGraw Hill
  • Case Study Voyager Sopris
  • Contact Us
  • COOKIE POLICY
  • DEMO OF KITABOO® e-READER
  • Devices and Operating Systems that support Kitaboo Reader
  • Digital Content Management Strategy for Life Science Industry
  • Digital Publishing
  • Digital Publishing Platform for Associations, Societies, Non Profits
  • eBook eStore
  • eBook Production and Collaboration
  • Event-Thank you
  • Events
    • Association for Talent Development (ATD) 2019
    • ATD 2018
    • ATD 2019
    • BEA 2017
    • BEA 2018
    • BETT 2019
    • Bologna Children’s Book Fair
    • Cloud Publishing Platform for Academic eBooks & eJournals
    • DBW 2018
    • DevLearn 2018
    • Edu Tech 2018
    • FBF 17
    • FBF 2018
    • FBF 2021
    • FBF 2022
    • International Literacy Association (ILA) 2017 Conference & Exhibits
    • International Society for Technology in Education 2017
    • Let’s Meet at BETT 2020
    • Let’s Meet at DevLearn 2019 – Kitaboo
    • Let’s Meet at frankfurt buchmesse 2019 (Frankfurt Book Fair) – Kitaboo
    • Let’s Meet at Online Learning Consortium 2019 (OLC Accelerate) – Kitaboo
    • London Book Fair 2019
    • SSP 2018
    • ssp-2017
    • SXSWedu 2017
  • FBF Event 2016
  • Future of Higher Education in the US
  • Home
  • Home test
  • How to create a DRM protected eBook?
  • How to Create an Online Training Program for Employees
  • How to Create Mobile-Friendly Training Content
  • How to Deliver Corporate Training Effectively
  • How To Guides
  • How to Transform Print Titles into Interactive eBooks
  • HurixDigital’s Privacy Policy Updated with effect from May 25, 2018
  • Impact of Mobile Learning in Training & Development
  • Industries that will drive virtual reality in corporate training
  • Infographic: 6 Key elements of compliance training
  • Infographic: Accelerate Employee Engagement With Mobile-Based Corporate Training Program
  • Infographics
  • Interactive eBooks for McGraw Hill by Kitaboo
  • Kitaboo AR
  • Kitaboo Author
  • KITABOO converts 100k pages into English and Arabic in just 4 weeks
  • Kitaboo Demo Video
  • Kitaboo FAQs
  • Kitaboo Helps a Leading Educational Publisher Convert K-12 Content from Flash to HTML5
  • KITABOO Helps Children’s Publisher Expand Reach
  • Kitaboo Insight
  • Kitaboo Online Reader
  • Kitaboo Partner Program
  • Kitaboo Partner Program
  • Kitaboo Partner Program
  • KITABOO® Cloud Publisher
  • KITABOO® enables customers to distribute eBooks by chapters
  • KITABOO® helps a leading Spanish publisher group in eBook Production and Collaboration
  • KITABOO® helps Gyldendal bring legacy content to life
  • KITABOO® helps Voyager Sopris to distribute interactive eBooks using their existing platforms
  • KITABOO® Investor
  • KITABOO® Powers India’s First Educational eBook Store
  • KITABOO® Powers Math Workbooks in US schools
  • KITABOO® Reader for iPad
  • KITABOO®Cloud Distributor
  • Know-how to Create an Interactive eBook
  • Landing Page –
    • AWARD WINNING BEST ELEARNING PLATFORM
    • Best eReader App
    • Create eBooks
    • Create eBooks – AB Testing-3
    • Create eBooks Super Quick!
    • Create Interactive eBooks
    • Digital Publishing Software
    • Digital training platform
    • E-BOOK CONVERSION PLATFORM
    • eBook Authoring Software
    • eBook Publishing Software
    • eLearning Training Solutions
    • Employee Onboarding
    • epub Conversion
    • Flipbook Creator Software
    • INTERACTIVE CORPORATE TRAINING SOLUTIONS
    • Interactive eBook Software
    • Interactive Training Platform
    • Interactive Training Software
    • Online eBook Publishing Software
    • PDF TO E-BOOK CONVERSION PLATFORM
    • PDF to epub Conversion
    • PDF to ePub Converter
    • PDF to ePUB3 Conversion
    • Secured DRM Protected eBook Distribution
    • WHITE LABEL BRANDED E-BOOK READER APP
  • London Book Fair – 2017
  • News from the EdTech & Publishing World
  • Newsletter
  • Opt in Thank you
  • Press Releases
    • Drive Social Learning in Classrooms – Meet us @ LBF 14
    • Hurix joins the IMS Global Learning Consortium
    • Hurix launches breakthrough technology at FBF’13
    • Hurix Receives APEX 2016 Award of Excellence
    • Hurix Scores a Hat-trick Win with 2016 Brandon Hall Group Excellence Award for Mobile Learning Technology
    • Hurix Systems in 2015 Training Outsourcing Watch List
    • Hurix to host a Webinar on KITABOO Cloud
    • Hurix to showcase KITABOO Cloud at BETT 2014 in London
    • Hurix to showcase KITABOO Cloud at DBW ’14
    • Hurix to showcase KITABOO Cloud at FETC 2014 in Orlando, FL
    • HurixDigital Bags Multiple Training Industry & eLearning Industry Honors, Appoints a Senior Vice President to Lead Enterprise Learning
    • HurixDigital Launches KITABOO College for Higher Education Institutions and Appoints 2 Senior Executives to Drive Higher Ed. Content Solutions
    • KITABOO Bags Silver at the 2019 Brandon Hall Group Excellence Awards for Best Advance in Mobile Technology
    • Kitaboo Cloud with Social Learning at LBF 2014
    • KITABOO signs up the top integrated retailer in USA
    • KITABOO signs up with Mladinska Knjiga Publishing House
    • Kitaboo wins Brandon Hall Gold Award
    • Microsoft Partners With Kitaboo for Immersive Reading
    • The Global E-Learning Awards
  • Press Releases
  • Pricing
  • Privacy Policy
  • Privacy Policy
  • PRIVACY POLICY – Privacy Policy Till 24 Jan 2020
  • PRIVACY POLICY – Updated with effect from 25th May 2018
  • Privacy Policy Till 05-Feb-2021
  • Privacy Policy till 22 June 2018
  • Privacy Policy Till 24 May 2018
  • Privacy Policy Update with effect from 25 May, 2018
  • Privacy Policy Updated with effect from May 25, 2018
  • Product Videos
  • Request Demo
  • Resources By Kitaboo
    • Asynchronous & Active Learning – Best of Both Worlds
    • Can the US Higher Education Publishing Industry Leverage A Subscription Model
    • Create Video for Effective Training | Download Now
    • Does your eReader platform make it easy for you to onboard
    • End of The Road for Readium – The Global Impact on Digital Publishing
    • How to Adapt Safety and Compliance Training in New Age Workplaces
    • How to Automate PDF to ePub3 Conversion
    • How to build an eBook Reader for your Digital Content
    • How to Build an eBook Store
    • How to Create & Distribute an e-Report for Associations
    • How to Create Great Video Training Content
    • How to improve the sales process with mobile content delivery
    • How to Use an SDK to Build a Custom eBook Platform
    • Kitaboo Delivers Interactive Digital Textbooks to Improve the Learning Process
    • Kitaboo Insight Enables 24X7 Training for 1000+ Dentistry Practitioners
    • Kitaboo Insight Enables Sales Training for A Million Users Across 55+ Countries
    • Test
    • The Future of Digital Publishing – An Industry Report
    • The Non-profit Conundrum – Should Associations Focus on Investing in Technology
    • The State of Digital Content in Global K-12 Education
    • White Paper: The Quintessential Guide to WCAG 2.1 and Content Accessibility
  • sdk
  • Terms and Conditions
  • test page
  • Thank you
  • Thank you – LP
  • The Future of Education with AR
  • The Impact of Blockchain Technology on Publishing Industry
  • The Smart HR Professional’s Guide to Employee Onboarding
  • Training Solutions
  • Watch Kitaboo Demo Video
  • Watch Video – Delivering Training On Tablets & Mobile Apps
  • Watch Video – Future of Academic Publishing
  • Watch Video – increase-sales-team-effectiveness
  • Watch Video – KITABOO® Catalog
  • Watch Video – KITABOO® Cloud Distributor
  • Watch Video – KITABOO® Cloud Publisher
  • Watch Video – KITABOO® eReader
  • Watch Video – KITABOO® Investor
  • Watch Video – KITABOO® Online Reader
  • Watch Video – KITABOO® Reader for iPad
  • Watch video -DEMO OF KITABOO® e-READER
  • Watch webinar – Delivering Training On Tablets & Mobile Apps
  • Watch webinar – future-of-academic-publishing
  • Watch webinar – Increase-sales-team-effectiveness
  • Watch webinar-Delivering Interactive Training On Tablets & Mobile Apps
  • Webinar
  • webinar-Delivering Training On Tablets & Mobile Apps
  • webinar-future-of-academic-publishing
  • webinar-increase-sales-team-effectiveness
  • Webinars
    • Bullet-Proofing your Strategy for Education Technology Solutions and K-12 Content
      • Bullet-Proofing your Strategy for Education Technology Solutions and K-12 Content
    • Decoding Digital Trends for Publishers – Panel Discussion
      • Decoding Digital Trends for Publishers – Panel Discussion
    • How Does Content Experience Transform Your Customer Experience?
      • How Does Content Experience Transform Your Customer Experience Webinar ? Recording
    • How to Create an eBook Store Website
      • How to Create an eBook Store Website
    • The Future of Digital Publishing – An Industry Report
      • The Future of Digital Publishing – An Industry Report
  • Website Accessibility and WCAG 2.1
  • Whitepaper: Accelerate Employee Engagement with Mobile-based Corporate Training
  • Whitepapers
Kitaboo
We use cookies to give you the best online experience. We store no personal details, you can change the settings anytime. Privacy policyOkayNo