As many companies look to upgrade their existing Training programmes, the financial side of things is always the biggest consideration. Although most new things in life are typically more modern, practical and efficient resulting in a higher price point, Elearning is an upgrade that often saves the business money in the long run.
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So, how can eLearning save your business money?
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Printing Costs
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Wave goodbye to printing masses of learning materials and excessive ink costs! eLearning can host all of it’s learning materials online, with the ability to update any materials as and when you wish. This also greatly increases productivity as employees can learn straight away without having to wait.
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Food & Drink Costs
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Lunch and snack breaks are common during instructor-led training sessions and as much as food and breaks are essential, they are also costly. The cost of a lunch break and provided food will often be included in the training fee you’re paying an instructor/company so this is something to consider when upgrading to eLearning.
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With eLearning, the learner can have as many breaks and as many snacks, as they desire, the only difference is, there is no additional cost for the employer. As the training can be fulfilled anywhere and isn’t classroom-based, it is the learner’s responsibility to manage their breaks as well as their appetite. For example, some learners may wish to take no breaks and soldier on through the training, some learners may want a tea-break every 30 minutes and can make their tea from the comfort of their own home!
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Venue Fees
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For most businesses, finding classroom space is easier said than done and can sometimes result in having to hire a venue or paying for a meeting room for the day. Hiring these sorts of spaces can be pricey with prices starting from at least £400 a day in London.
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The ability to learn anywhere saves on venue, travel and admin costs.
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Productivity
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Employees leaving the workplace for training can be very problematic for the business as it disrupts their working day and allows for their existing work to be neglected.
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eLearning prevents this as it becomes an extra task for employees to do in their downtime as opposed to a task that was done instead of something else. We understand productivity is vital to a business and this is something we can help maximize with eLearning, ensuring employees maintain their day-to-day responsibilities whilst developing their skill set.
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Travel & Accommodation
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Classroom training often requires both the trainer and the employees to travel to a destination separate to the workplace, resulting in inflated commute costs as well as accommodation costs in some cases when the employee lives too far away to travel back and forth. These travel and accommodation costs are typically a burden for businesses.
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As eLearning is portable, the training materials can be accessed from the employee’s workplace or from the comfort of their own home – eradicating any extra costs of travel or accommodation.
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To find out how Armada can assist with your eLearning requirements, get in touch with a member of our team.
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