Developing an online training program can be challenging for many reasons. One of the biggest problems is the lack of engagement. Online trainers are often left wondering whether their audience is paying attention, checking their email, or working on other things. It is hard to know whether your message was effective or not. Luckily, Transform! is here to solve these problems. The software enables trainers to easily assess the effectiveness of their content and create engaging training programs.
Costs of in-person training
According to the latest Training Magazine report, the average U.S. company will spend $1,071 per employee on training in 2021, $40 less than it did in 2020. The report also breaks down these costs by company size. Small companies will spend less than half of the amount of large companies, and midsize companies will increase the cost per person nearly double. This report highlights that training costs are not as low as you may think, but they’re still significant.
The costs associated with in-person training vary by type. Traditional classroom-style training requires an outside training provider, which means you’ll pay for the trainer’s time and travel expenses. You may also have to pay for the travel costs associated with sending your employees to a training center. And if you’re a manager, you’ll spend two weeks training a new hire. That’s 4% of your yearly target!
In-person training programs are especially expensive for senior executives. According to the U.S. Bureau of Labor, senior executives spend $1,880 per year on training. This amount of money is much higher for middle managers and CEOs than front-line employees, who need to learn the nuances of their industry. Also, companies must consider that each employee will require different skills. For example, a training program for a new hire will cost much less than training a seasoned employee.
Regardless of the size of your company, deploying a training program has benefits and disadvantages. Depending on the size of your company, you may need to pay an overhead projector and set aside tables and desks for trainees. External training can also be expensive, and you may need to purchase additional supplies and pay a venue rental fee. The costs of external training will likely be higher than the cost of training for a small group.
Training is an investment in employee productivity. Companies with comprehensive training programs earn 218% more per employee and have a higher profit margin. These benefits make training programs an excellent investment for companies, so consider them a long-term business decision. As a matter of fact, HR staff and senior management should understand the benefits of investing in employee development and training. So, if you want your business to grow and remain competitive, the return on your training investment should be tenfold.
On-site leadership training may be more expensive than online training, with expenses varying by the level of management and format. In addition to retraining, some programs also require personal leadership coaches. These can cost between $150 and $200 per hour for a mid-level executive training program, or up to $500 per hour for top executives. Depending on the level of the training, the company may have to cover the trainer’s travel expenses, and employees might need to take time off from work to attend the classes.
Benefits of online training
Online training programs have many benefits. Apart from being convenient, they also save money, as you don’t have to travel to attend the class. You can study anywhere, including your office or your home, and complete the course at any time. You can also download study materials to refer to them later. In addition to this, online training programs allow you to complete your training on your own schedule. It is also an efficient way to beef up your organizational development plan.
Students are able to learn multiple subjects at the same time, due to the short length of online training courses. The interactive nature of the course improves the retention power of the students. The training is more authentic because it is supported by the internet, which means that students can access embedded YouTube videos for further reference. Learning materials can be saved and accessed at any time, which allows the learner to take as much time as he needs.
Employees who have new skills or have improved their existing knowledge improve their productivity. They are happier at work when they know new things. And, according to a recent survey, employees who learn new skills at work are 20% more productive and happier than those who don’t. And, thanks to online training, you can access a variety of courses at a low cost and without leaving your office. This makes online training a cost-effective option for businesses of all sizes.
The cost of online learning is much lower for students and the author. Offline training programs are expensive for students and professionals, and they are not necessarily suitable for smaller budgets. With online training programs, you can learn on your schedule and budget without worrying about the cost. Plus, you can also learn from the comfort of your own home. You won’t have to deal with long-distance travels. Lastly, the benefits of online training programs are limitless.
Another advantage of online courses is that you don’t have to go to a classroom at a specific time. You can study whenever you want. Online classes are often available in a variety of formats and can be completed from anywhere. Moreover, you don’t need to sacrifice your daily schedule. You can also learn new skills while juggling responsibilities. With online courses, you can complete your degree while continuing your current job.
Challenges of in-person training
In-person training programs present many challenges. For example, they can be expensive and logistically difficult in low-income settings. Further, healthcare workers who most need training are often the least likely to access it. To address these challenges, some studies have proposed innovative technology-based training programs. Among these is simulation training, which can help improve coverage for skilled birth attendants and neonatal resuscitation. These programs also have the advantage of being scalable.
As Molière once said, greater obstacles equal greater glory. Moreover, employee training can add to employee stress. Employees may even resent it if it takes up too much of their time. Therefore, face-to-face training should take place on weekdays, not weekends, and should avoid travel to avoid affecting personal schedules. This will ensure that employees are not disturbed during their workdays.
Generically designed training programs may also strain learners’ patience and time. They may also force them to engage in content that is irrelevant to their jobs. This can only make training programs more challenging. To address this challenge, classify learning outcomes into essential and nice-to-have. If mandatory training is required, it should be limited to the essential content. If not, it should be limited to topics that are most relevant to the learners.