How to Lower Your Staff Training Timescales and Costs

Knowing how to lower your staff training timescales and costs is crucial in today's competitive marketplace, you need to know how to reduce the time and expense of training your employees.
Training one employee is estimated to cost about £1,530 per employee per year. Training your staff may appear expensive at first, but failing to provide proper training, or failing to provide any training at all, may undermine your company's long-term success.
These costs, especially in the currnt market, can extend further into your annual budget than you might like. To help you save money on employee training, we've outlined a few basic strategies to simplify staff training and reduce costs.
 

5 Ways to Reduce Training Costs

 

1. Do online training

You may easily reduce training costs per employee by choosing to use online learning resources. Compared to conventional classroom-based training, online learning costs one-third to one-fifth as much as traditional classroom-based training.
This is because it avoids a wide variety of expenditures, both direct and indirect. Some of these costs include time, travel, lodging, catering, room rental, and many others. eLearning may be a game changer when it comes to balancing training quality and cost reduction. By distributing training sessions, resources, and evaluations across a global workforce, you get a cost-effective way of reaching a large number of people.
In addition, they have quick and easy access to the information they need, whenever they need it, in a format you will like. Updates may be made to eLearning courses with little or no effort from a live instructor. This implies that each course presentation will take less time and cost less money. Forums may also be used. Instead of spending money on expensive physical meetings, discussion forums let people learn from one another for free.
They also allow people to answer each other's queries, which saves the facilitator time by reducing the number of emails and face-to-face meetings. Webinars are also another online option. It can also significantly simplify staff training and reduce training costs. With webinars, you can move live workshops online. As a result, webinars reduce the cost of training per employee by eliminating travel, lodging, and catering.
At the same time, several workers may be addressed by the facilitator (or expert) in a real-time environment for engagement. And it's not a big deal if someone is unable to attend. Attendees may see the recording of the webinar at a later date without having to reschedule. Of course, this reduces the expense of hiring new staff.

2. Opt for Simpler Working Tools

Research thoroughly, read user reviews and take notice of a platform's ease of use rating before choosing it as a piece of software for your business. In certain business management systems, staff members and trainees have a difficult time navigating the interfaces. The more difficult it is to use, the longer training each staff member may take. When a trainee isn't engaged, they aren't as productive as they might be and extended training times can cause a huge dip in engagement.
In contrast, some platforms are sleeker and geared for today's workforce. To make your day to day business functions as easy as possible, these management platforms offer an intuitive and wll thought out user interface. They're designed to be user-friendly, so very little special training is necessary to get started. The FuseMetrix system excels here as a simple to use, yet powerful all-round business management system.


 

3. Use Internal Expertise Instead of Consultants

Consultants can be quite pricey. Although they may perform a wonderful job, it comes at a high price. Their operations take longer and are more complicated, with the added drawback of not having a pre-established rapport with your team. Creating high-quality training materials is also a priority for them, and this might include adding elaborate animations, custom graphics, and other time-consuming features.
How many companies rely on high-priced external consultants instead of using the free advisors who know your company best? Your staff has all the consulting knowledge you need. Employees that have experience, demonstrated abilities, and useful information are generally already in your company's sights. All you have to do is provide them with the means to share their knowledge.
When it comes to empowerment, it takes time and effort. It may be something as simple as a key performance indicator that mandates team leaders to provide 2 hours of online training once every six months. With the right tools and resources, anybody can develop online training as easily and quickly as they can generate Powerpoint slides. 
Even though you may still want the assistance of learning experts, using your organization's existing specialists may save you a lot of money and further cut down on the amount spent on staff training.
 

4. Make Cross-Training Simpler by Using a Single System

Conventional staff training is a time-consuming endeavour. Especially when your staff need to be individually trained in each area of the business. Also, keep in mind that the longer the training takes, the longer it will keep them away from their jobs. Using a sngle system throughout your business  can speed things up a lot. Not only because it accommodates the attention spans and technology demands of today's students but also because once a single part has been taught, each part that follows becomes faster and simpler to grasp.
This not only makes it faster and easier to train new staff, it also leads in to the previous point of using your in-house expertise. With one, simple system, you’ll have a wealth of staff members already fluent in it’s use and therefore less of a requirement to draft in outside help.

5. Ensure Platforms in Use Have Reliable FAQs / How-Tos

Finally, one way to ensure a decreased training cost in the sense of both time AND finances is to ensure the platforms you choose to use for your business offer in-depth training of their own. Even something as simple as an FAQ section can help new users to find the answers to questions quickly, simply and without havng to distract other staff members or managers.
Make sure that whatever business management systems you’re operating offer this. Bonus points if they offer a call-in or email support as well. All of this ensures that staff members are able to pick up the use of the new platform quickly, easily and efficiently.
If you’ve landed on this blog after setting your FuseMetrix system up, feel free to check out our FAQ section for simple lessons, or contact us to ask a specific question!
 

Conclusion

Training cost cutting is always loaded with peril for the company. It's very easy to stop training and then wonder why errors, sales, and morale are declining. But there are ways to lower your staff training costs while ensuring your organization runs effectively without having to cut out the training process completely.
Thre are also plenty of ways to plan your business operations efficiently to ensure that training costs are low from the word go. As is the case with all functions, it requires diligent effort to get the best possible results. But with these suggestions, you may discover ways to reduce training costs while ensuring maximum efficiency in your organization.

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