ROI: Reduction in cost of new hire training process

Assuming that eLearning costs an average of $1500 in trainee costs and $3000 for course development, implementing eLearning systems can result in considerable cost savings.

Training costs Classroom Training eLearning Saving
Trainee Costs ($)

1500

Course Development ($)

3000

Trainer/Manager costs

0

Equipment

0

TOTAL ($)


Depending how you’re currently delivering training - there can be significant savings to be made in this area. For those designing and delivering training face-to-face in-house, we find that that eLearning costs an average flat rate of $1,500 in trainee costs and $3,000 for course development. By incorporating a Learning Management System (LMS) into your training program you can realise immediate cost and time savings. Benefits include:

  • Reduced travel and facility costs with eLearning and virtual classrooms
  • Improved time-to-market training for sales, customer service, and business partners
  • Decreased employee turnover costs as a result of providing focused training and development
  • Improved company performance by ensuring training activities strategically align with employee development needs
  • Reduced IT hardware and support costs by utilising a Cloud-based LMS rather than an internally installed software system