If you’re thinking about eLearning and Learning Management Systems, it probably means you’re trying to make your organization’s training more efficient and lest costly. There are many significant reasons to take your training experience out of the classroom (or implement a blended learning approach), budgetary restrictions often act as the catalyst for initiating an eLearning investment. Generally, eLearning can cut costs in just about every area of the training budget.
Smaller organizations get a much greater “bang for the buck” with eLearning and online events. While organizations put the nearly the same amount of effort into promoting and delivering quality content for both in-person and online events, online training simply reaches more attendees and costs less per attendee. The typical organization averages nearly seven times more attendees for online training versus training seminars. And, the cost per attendee is eight times more for an in-person training.
This flexible approach allows learners to work towards their self-development at their convenience.
However, here's just one example - a client with about 2,000 employees requires annual compliance training. By converting the classroom based training to eLearning, they saved approximately $500,000 by replacing just one training event with eLearning!
For a personalized Return on Investment Model, please contact us and our experts will be glad to assist you in developing an analysis tailored to your circumstances.
Compliance Training Solutions, Inc. is a leading provider of online compliance training and learning management systems (LMS). We offer cloud base solutions for our clients around the world. Founded in 2003, we create superior results for our clients by leveraging the best of breed eLearning content, learning management systems, and enthusiastic, professional support.