Why online training is the most cost-effective way to train your staff

Why online training is the most cost-effective way to train your staff

Whether it’s buying a used car from AutoTrader or simply picking up 2-for-1 on our favourite deodorant, as human beings we love getting a good bargain, saving as many hard-earned pennies as possible and making sure we are getting the best value for our money.

The same principle applies in business. If we can close a deal with a tidy 5% discount at the end, we always walk out of the room feeling that little bit better.

Training is an essential part of business growth, ensuring employees have the right knowledge and skills to fulfil their roles and warrant they are going about their work in an unerring manner.

Technology has changed, consequently, this has changed the way we learn. In a recent study, it was found that an eLearning solution will save businesses approximately 66% on training costs.

eLearning has become one of the fastest growing industries. Since the year 2000, the market growth rate has been 900%, with the market anticipated to be a $37.6 billion market by 2020.

As one of the original online training providers of cyber security, we’ve taken a look at why online training is the most cost-effective way to train your staff and why you should choose it over traditional training approaches.

Why online training is cost-effective?

Employee time

It goes without saying that your employees are your most important asset. Time is money, and that’s why when it comes to work, we want to ensure that our employees are operating as efficiently as possible and not slacking behind with their workload.

According to a Brandon-Hall Study, eLearning typically requires 40% to 60% less employee time than learning the same material in a traditional classroom setting.

Online training is efficient, it allows employees to complete training at their desk, in their own comfort and can be at a time when is most suitable to both the employer and employee, this reducing overall staff downtime. 

Travel costs

Train tickets booked✔️

Overnight hotel booked✔️

Employees meal expenses paid✔️

These are just some of the costs biting into your business expenses everytime your employees are sent on traditional training days away from the office.

Online training ensures that the geographical location of training becomes irrelevant, thereby employees can access training material at the click of a button. Not only that, employees will feel much more satisfied if they can learn in their own working environment opposed to having to travel up, down and around the country for the training.

A study found that 85% of every dollar spent on classroom training is spent delivering it i.e instructor time and travel. 

Facilities

Dependent on your business’s premises, training sessions can often mean that you have to book out separate space to facilitate the learning, once again adding to the expenses involved with offline training. 

If for example the booking of a room is £300 for the day and you need 5 training sessions, that’s £1,500 spent on the venue, and that’s before any training has even started!

Employees being able to fulfil the training at their desks takes away any room booking complications and issues that can arise, particularly if certain employees aren’t in the office.

Maintenance of learning materials

Remember being sat in a classroom scribbling down notes then 10 minutes later your notes have become – in what your eyes see – a work of art, albeit with no ink left in your pen. Training materials such as notepads, textbooks and the cost of hiring a tutor, all add up when training is completed offline.

You also have to consider what happens when there is a slight amendment in training content. This means learning materials will have to be printed and purchased again to ensure employees are being delivered the correct information, oppose to online learning where the content can be changed for all users in a matter of minutes, without any additional costs.

Multiple training sessions

So, your employees have just finished there training, there all up to date with the latest cyber security technology after completing 2 tantalising training days. 1 week later you employ two new Business Development Officers, a Customer Service Advisor and a new Apprentice to work in the Tech team.

They also need to be up to scratch with the latest training. Without online training, these employees would then be required to attend separate training sessions, taking them away from their desk, away from their tasks for longer, once again adding to the overall cost of training. 

As employers adopt online learning for the development of their workforce, they are estimated to bring in 26% more revenue.

Flexible training

You don’t have to just stick to the course content with online training, doing quite the opposite will allow your organisation to get more out of it.

The magic of online training is that it’s maluable, you can tailor the course content around your internal policies to effectively communicate them with your workforce.

Also, taking some time to consider a strategy on how you deliver the training will help your organisation get the most out it, for example delivering eLearning by taking a campaign approach to reinforce key messages and ensure that staff complete the campaign.

ELearning doesn’t have to be something that stops at the training stage, you can also open up social forums for your staff to share their own personal experiences, which can help to keep cyber security in the back of their mind.

Here at Bob’s Business, we provide online training that helps get your employee up to scratch with the growing issue of cybersecurity. Want to find out how our training works? Try our FREE demo course today.

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