It’s no secret that over the past couple of years, there have been extreme advancements in the world of tech. This growth, of course, has completely changed the way we work. Now more than ever, companies are going completely remote. However, it is still important to properly train and support managers to lead teams to success. If you are wondering how to best train your employees in an online environment, keep reading.
Prior to the rise in technology, organizations had to pre-plan their manager training far in advance. Now, with the opportunity to instantly book training online, it is easier to find an abundance of offerings to bring to your company. In the past, companies would have to set budgets in order to book training events. Or, they would count on the human resources department to implement training and Improvement programs continuously. However, this old methodology is outdated and will not help your managers support their teams to their full potential.
Not only is booking online corporate training programs more time effective, but corporate training rates are much more budget-friendly, too. For example, employers no longer have to pay for travel expenses, food, and other necessities to get employees to and from training programs. This is especially true if employees are used to traveling internationally for training programs. Now, companies can afford to send more employees to training programs, oh, with the help of saved costs due to a remote-first environment.
Now, with the implementation of online training programs, big corporations such as Amazon have saved over 65% from their original training budget when programs were held in person. If it’s good enough for Amazon, it will be good enough for your organization, too! Next up, we will explore the reasons why online training is so important for employees and your budget.
How Online Courses Work
It is not uncommon for team members who attend in-person training to become distracted and lose focus. After all, they are expected to continue business as usual while also allocating time to being present for training and absorbing foreign skills. As a result, team members have less of an opportunity to absorb information and get behind on work, causing excess stress.
On the other hand, online corporate training programs offer team members the ability to attend sessions on their own time. Therefore, they will not be distracted by looming work with quickly approaching deadlines. Online training programs are often self-paced, too! So, students can stop and start the lesson as they wish.
Budget Considerations When Choosing a Program
Let’s take a look at an example of how online corporate training programs can help save corporations a big chunk of change. Project management is an extremely Common Core competency for employers to require in candidates. This is because day-to-day tasks in an organization are often project-based! Therefore, it is important for all team members to be on the same page about how to effectively complete tasks in order to arrive at a common goal.
The typical duration of training courses is four days to 1 week. A big chunk of this training will appear as PMP certification prep. Keep in mind that the average corporate training fee can vary. However, standard corporate training rates are as follows:
- America, Canada, Australia: ~1500 USD
- South America (Brazil, Chile, etc.): ~600 USD
- China, India: ~500 USD
- European Countries: ~1200 USD
- Arabian Countries: ~2000 USD
As you can see from the statistics above, training programs can be costly. Online training programs are typically more affordable and preferred by team members everywhere. If you have a large corporation, you might get to negotiate a deal with your corporate training program to bring the cost down even more.
If the low cost isn’t enough to convince you that online corporate training programs are the way to go, consider the decrease in planning and conducting of the training themselves. Your HR department will thank you as they can focus on other issues unrelated to training programs. Not only that, but some training programs can fill up faster than others. This causes frustration amongst employees and decreases team morale. Online corporate training programs have a higher cap when it comes to student count.
Supporting Your Workforce With Online Programming
The great part about offering employees online corporate training programs, is that they can choose to attend them on their own time. Employees are allowed to start and stop the courses as they see fit. This offers incredible flexibility and allows them to continue work as normal.
As you can see in the project management training cost analysis above, employees must attend up to a week of in-person training. This means that while they attend the training, they will be unable to be present in the office. As a result, companies will experience a decrease in overall productivity. This is a hidden cost that organizational leaders should take into consideration when deciding between online and in-person training.
What Is The Best Training Program?
Keep in mind that just because one organization had a great training session, this does not mean that the same session will work for your company. Training sessions will depend on the industry and focus that your organization operates within. The vision, mission, and employee relations of a company should be considered prior to picking the program. For example, if you work for an app development company, IT or agile courses might be the best option for you.
We hope this article helped you better understand the pros and cons of in-person and virtual corporate training programs. Keep in mind that choosing the best program is not a one-size-fits-all approach! As you look to improve the skillsets and productivity of your employees, consider offering an online option so as to not distract employees from the current happenings of the company.
Have you led projects and are looking to earn a project management certification? You might be interested in learning about how lucrative this can be. Check out these articles.
No experience leading projects but still want to get into project management? No problem! Check out these articles.