It is a fact that recruiting new employees and putting them on training create much extra expenses in a company. Not just money, time of the company is also being wasted. The same is applicable for educational institutions too. So, today, people are hunting for a solution that could help them save their time and money by making the training process much simpler and effective. How can this be possible?
Here we go!
You don’t have to travel to the training centre to attend the training. You can get trained from your home itself
You need not have to search for too many resources.
This is one of the major advantages of using a Learning Management System. Time taken for tracking the activities and evaluating the reports of each student/employ can be saved.
In this case, there is no need for a venue and an instructor. All you need is an internet connection.
You don’t have to pull out an employee from his schedule and assign him the duty of an instructor. By doing this, you can save the time of your employee as well as the trainee.
Imagine that your company has got multiple branches across the globe and you have to travel to various areas to provide training programs. The travel costs in such cases can be reduced by using a Learning Management System. They can provide and get training from their own location. All you need is a proper internet connection.
Lost productivity is the indirect pay that an employer pays whenever the employ is away on training. It can be calculated by:
Number of employees × average employee hourly salary × hours spent on travel and training per employee
By using Learning Management System, cost for travel can be saved. And also the employ can get his/her training at his/her convenient time.
Small companies usually need venues on rent for conducting their workshops or training. If the training session goes for a longer period, this can cost them high. By using a Learning Management System, this cost can be saved. It does not need a specific venue to conduct training.
You might have noticed for most training programs, the company hires a full time trainer to get their employees trained. By using Learning Management System, the training is actually in the hands of the trainee. They need not have to hire a professional trainer.
In a virtual learning platform, you’ll not have to invest in materials ranging from stationary to print outs, which are actually required during physical training sessions. This will help you reduce your training expenses by cutting down the costs associated with materials. In a best lms software, materials allow employees easy access and facility to easily refer back to important points they need while on the job.
This is one of the major advantages of using a Learning Management System. You don’t have to spend a single penny for keeping track of the activities and evaluating them. Reports are automatically generated and the grades are also provided according to the performance.