If you wish to improve your team’s efficiency, you cannot undermine the importance of Employee training. Moreover, you cannot associate cost reduction with compromised training quality. Untrained employees are unproductive, and they can be a huge liability to your business. The purpose of this article is to recommend ways that will help you in realizing the goal to save training costs and, at the same time, maintain high quality. So let us start exploring the possibilities.

1. Choosing eLearning

Generally, people have the idea that corporate training is similar to organizing a classroom with beverages served. The whole idea is to draw the attention of employees towards the blackboard. However, in contemporary times, there is no need to approach this way. ELearning is quite familiar to everyone, and it renders minimum cost along with improved efficiency with the help of virtual assistant services. 

2. Distributing Learning Across The Organization

All the parts of the learning process will be delegated to people within your organization. You must realize that a new team can be benefitted from the insights of a knowledgeable employee and create course content that will ensure the qualitative progress of employees. 

If you are involved with a large organization, then a three-level distribution will work best. At the lowest level of the distribution, we have the new employees who are only learners. After that, we have actual teachers who supervise the lowest tier containing new employees in the middle tier. Finally, we have the top tier that supervises the middle tier or the teachers and supervisors. 

3. Exchanging Learning Resources With Other Companies

One of the effective ways to save training costs is to exchange resources, even with Competitors. If you are not sharing internal competitive strategies, companies can gain mutual cost benefits by sharing tests, video lectures, and courses.

You must be cautious not to use a branded ELearning content of competitors as it may hurt your company’s image among your employees. Resource sharing ideally should involve two companies that are not competing for the same market. The sharing of content can work best with subcontractors and partners. 

4. Become a Badge Issuer

With the help of virtual assistant services, you can aim to become an Open Badge issuer instead of relying on external certification. An open platform encourages learning exchange and standardization of learning activities. It can help your company to become an authority in a given area. When it comes to cost savings, the main advantage here is experienced in open technology, which is simple and widely adopted. Already there exist several ready solutions complementing Open Badges.

5. Using virtual Gamification

One of the proven ways of improving learner’s engagement is Gamification. When you optimize engagement, it will reap the rewards in better results in a shorter time. Employees can benefit by spending less time on training and go about the regular chores.

6. Using Reporting Tools

You must identify the courses that are useful and necessary. Hence, if you deploy an LMS, you have to ensure that it reports in several areas:

Learners Engagement: Which lessons, courses, modules are read most.

Learner’s Retainment: Do learners gallop from one module to another or complete the course?

Learner’s Performance: How well have the learners’ completed assignments and tests? 

You need to realize that LMS solution will come with some kind of reporting, so you need to make sure that it fits onto your company’s specifics. 

7. Reduce, Reuse, Recycle

You may be surprised that we are using this terminology, which is indeed a favorite of the environmental activist.

Reduce: You have to reduce the amount of learning material. Every year you have to review the content and make a note whether it is required, interesting, and engaging. More learning does not imply better learning. You must remember that overwhelming employees with learning material can result in lots of stress and reduce its effectiveness. 

Reuse: You must consider reusing learning materials between different company branches, purchased video material, or created in the past. A proven method of reusing is to record video of offline-based lectures and then use the video content for the succeeding learners.

Recycle: suppose you are in a situation where the course that you gave did not yield desirable results. You should not dump the whole thing. It is still possible to reuse parts of it, rearrange, and rewrite the parts that did not perform well. The main thing is to keep the good parts. You have to collate it with the new content for minimizing the cost of its creation. 

Final Thoughts

You should not be over-enthusiastic when it comes down to cost curtailing. You have to remember that the quality and results of learning have a definite priority. To stay ahead in the competition, reducing costs may not be enough. You have to be at your best by having a good work process and capable employees. So never, bog yourself down with reduction of training cost.