Every organization strives to move forward with the motive of improving the level of its production. It is a little unknown fact that the motivations of an organization can only be achieved if the qualities of its employees are up to par. Therefore, it becomes a major concern to form the backbone of any organization to achieve the goal. However, the cost of employee training is exorbitant, which sometimes leads to neglect of employee training. Recently, the focus changed from “quality employee training” to “quality employee training within budget.” Here are some ways to reduce the cost of employee training that can help the organization provide quality training at a low cost:
- Adopting the e-learning method: There are various online learning tools and software that provide quality training. The use of LMSs and their pricing modules such as Litmos Pricing has revolutionized the way most organizations deliver employee training. The e-learning method also seems more interactive and enjoyable since videos and images, quizzes and various other elements can be integrated into the training, while eliminating the infrastructure costs that would have been incurred if employees had received offline training. The Bed
- Use Gamification: Gamification is the method by which users are engaged in a game-like scenario to better engage them in the course and training. It improves the engagement activity among the users and brings better results than the traditional learning method. Adding games to non-game environments, such as learning management systems, has proven beneficial to organizations. Gamification can help rectify errors and give employees a better understanding of the overall content as well as understand the use of the material they are learning
- Delegating electronic content across the organization: Delegating teaching and learning materials to senior employees in the organization can go a long way in making employee training affordable. The whole teaching and learning process can be divided into a three-level system. The highest level made up of the heads of the organization would oversee the middle level made up of senior employees. The middle level, which can be thought of as the layer of actual teachers, oversees the lowest layer which consists of the newest members of the organization. This way, an organization can save themselves from spending extra money on training their employees.
- Collaboration between companies: Sharing teaching and learning materials between companies is a good way to reduce the cost of employee training. Collaborative learning sessions between companies regarding basic compliance training and other training can reduce the cost by marginal value.
- Use of reporting tools: Using reporting tools to track employees is very helpful in maintaining the effectiveness of the training session and content. Making the training too comprehensive will cause employees to lose interest and motivation. Using the LMS has helped organizations keep track of the following:
- Learner Retention: It is important to maintain employee interest in the training program to bring out the best results.
- Learner Engagement: Learner engagement in the learning and training process is important to assess their development and understanding of the content.
- Learner Performance: Keeping track of learner performance helps the organization assess the overall LMS experience, as well as maintain content quality.
- The triple R formula: The triple R formula stands for Reduce, Reuse and Recycle. Similar to environmental learning activities, this triple R formula can also be applied to employee training as follows:
Reduce :Any additional parts of the curriculum should be reduced to provide employees with relevant content.
Reuse :Repeated use of the same content for employee training will help reduce costs.
Recycle :Recycling content means replacing the part of the content that did not perform well. The question is:is the replaced part worthless? Maybe it can be used somewhere where it has some value and makes things efficient.
