Every organization strives to move forward with the motive of enhancing the level of its output. It is a fact not very unknown that an organization’s motives can only be achieved if its employees’ qualities are up to the mark. Hence, it becomes a major point of concern to train the backbone of any organization to achieve the goal. However, the cost of employee training is sky-high, which sometimes leads to negligence of employee training. Recently, the goal has shifted from ‘quality employee training’ to ‘in-budget quality employee training.’ Here are some ways to reduce the cost of employee training which can help the organization to deliver quality training at a low cost:
- Adopting the e-learning method: There are various e-learning tools and software that make quality training possible. The use of LMS and their pricing modules such as Litmos pricing has revolutionized the way in which most organizations deliver employee training. The e-learning method also seems to be more interactive and enjoyable as videos and images, quizzes and various other elements can be integrated with the training, all while eliminating the infrastructural cost that would have been incurred had the employees received offline training. The Lit
- Using Gamification: Gamification is the method through which users are engaged in a game-like scenario to engage them with the course and the training in a better way. It enhances the engagement activity among the users and brings out better outcomes than the traditional way of learning. The addition of games to non-gaming environments like the learning management systems has proven beneficial for organizations. The Gamification can help rectify errors and give a better understanding of the overall content to the employees along with understanding the use of the material that they learn
- Delegation of the e-content across the organization: Delegation of the teaching and learning materials across the senior employees of the organization can help a lot in making employee training affordable. The whole teaching and learning process can be divided into a three-tier system. The highest tier consisting of the organization’s heads would supervise the middle tier which consists of senior employees. The middle tier, which can be considered the layer of the actual teachers, supervises the lowest layer which consists of the newest members of the organization. In this way, an organization can keep itself from spending any extra money for the training purpose of its employees.
- Collaboration between companies: Sharing the teaching and learning materials between companies is a good way of reducing the cost of employee training. Collaborative learning sessions between companies regarding basic compliance training and other training can bring down the cost by a marginal value.
- Use of reporting tools: Using reporting tools to keep a track of the employees is quite helpful in maintaining the efficiency of the training session and the content material. Making the training too comprehensive will make the employees lose their interest and motivation. The use of LMS has helped organizations keep a track of the following:
- Learners’ Retention: It is important to maintain the interest of employees in the training program to bring out the best results.
- Learners’ Engagement: The engagement of Learners in the learning and training process is important to evaluate their development and understanding of the content.
- Learners’ Performance: Keeping a track of the performance of the learners helps the organization in evaluating the overall experience of the LMS, as well as maintaining the quality of the content.
- The triple-R Formula: The triple-R formula means Reduce, Reuse and Recycle. Just like environment learning activities, this triple-R formula can also be applied to employee training in the following ways:
Reduce: Any extra portion of the curriculum should be reduced to provide the employees with the to-the-point content.
Reuse: Using the same content again and again for employee training will help in cost reduction.
Recycle: Recycling the content means replacing the portion of the content that did not perform well. The question is, Is the part that is replaced not worth anything? Maybe it can be used at a place where it holds some value and makes things effective.