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How Much Can You Increase Your Training ROI with eLearning Software?

by Jeffrey Roth on August 4, 2010

In today’s work environment, it is becoming more and more important for every employee to have access to the information they need to perform their jobs. Having the right information can help save time and money (and critical errors). This is especially true in overcoming the learning curve with new employees or if new processes are added.

In a perfect world, we could train and test all employees to make sure they have what they need to perform their jobs to the optimal level. Unfortunately, we don’t live in a perfect world.

There are costs involved that make training employees difficult to justify. There is time lost. There can be high monetary costs involved. There are retention, changes and testing issues that need to be addressed. There are many obstacles that stop companies from providing training that could directly affect employee performance, and thus, company performance.

Luckily, we live in a time where the technology exists to overcome this problem.

By incorporating the right business eLearning software into the training process, companies can increase training return on investment (ROI). Here are some points on the benefits of implementing training software:

  • Reduce the need for costly in-person training which carries high travel and time-lost costs.
  • Training information can be stored electronically and administered to whomever, whenever in a centralized repository that is secure
  • Individual training performance can be easily managed, tested and reported on
  • Leverage informal information from the experiences of senior employees in a method that can applied as best practices (social eLearning software only)
  • Access to information on-demand and even remotely (via mobile devices) when it is needed

These benefits just scratch the surface of how the right eLearning / training software can greatly enhance the training process of just about any organization.

One important item to note is the ease of implementation to set up your very own eLearning solution. Now, you can get up and running in just a few weeks (free implementation is available with leading training solutions) with a branded, hosted training system that is easy to use and cost significantly less than most in-person training sessions. And, don’t forget, you would be able to control and repurpose any training information quickly to change evolving business needs.

If you haven’t looked into just how much you can save with an eLearning software solution, this simple calculator may help:

Training ROI Calculator

While I would recommend the TOPYX eLearning solution for any size businesses training needs (because it is the best value LMS available today), I suggest you review the options available to you and do the math.

If you’d like to see just how a social eLearning solution may benefit your training program, get a personal LMS demonstration of TOPYX. It’s always good to have as much information as possible.

Jeffrey A. Roth
Interactyx Limited
www.interactyx.com

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