In these uncertain economic times, small companies face unprecedented pressures. Fluctuating markets mean that businesses must find ways to save money on hiring and training costs. In the past, only the largest Fortune 500 companies could enjoy the benefits of online training because they could afford the cost of producing customized courses for their specific needs. Happily, this is no longer the case. Small– to mid-sized companies can now create customized courses to meet their training needs.
There are many ways businesses can save money. One method involves using online training to save valuable time and expenditures. This article will discuss what online training is, and will also look at how using this resource can save small businesses money.
What is Online Learning?
Simply put, online training (or e-learning) is electronic learning. This means that computers and other digital devices are used to deliver educational courses on demand to people who need them.
This technology is applicable in many different settings. For example, many modern universities and other institutes of higher learning allow students to attend class over the internet. This allows a level of service that is unparalleled in its ability to reach people wherever they are, at a time that is convenient for them.
This technology has also found wide applications in the world of business. Many companies need to train newly hired employees on company policy and specific job functions. Employees may also need to complete ongoing educational courses to do their jobs more safely and efficiently. In both cases, online training is unique in its ability to effectively meet these needs.
What are some benefits of online learning?
1. Cost effectiveness and time saving
Companies that make online training technologies available to employees can create custom courses that are specific to their organization and can be used repeatedly to ensure full and complete training for every employee. Another benefit is time savings for your current human resource department or training staff, as they are no longer required to spend hours and hours of time training people in the classroom.
2. Learn anytime
Since many conventional training centers only operate during normal business hours, companies that use these services face costs associated with travel, lodging and food. Since many online training services allow workers to complete the required courses on their own time, the company no longer has to contend with the expenses associated with traditional training.
3. Easy-to-track results
Every online training course can be built with testing included in the course, guaranteeing reportable results for each employee. With e-learning, the result of the workers’ efforts can be tracked over time. This means that employers can be confident that they will know when and if it is necessary to provide an employee with additional instruction.
Some workers may be put off by the thought of having to perform in front of others. Online training removes this barrier, allowing employees the privacy they need to put their best foot forward.
These benefits are only the tip of the iceberg. Companies that make use of modern training technologies are sure to reap the benefits in terms of savings and increased productivity.