Cost Effective

Why is online learning cost effective?

The main cost savings achieved from online or e-learning continuing professional development courses , compared to instructor led alternatives are:

Travel costs = zero

Many organisations are currently tightening up on all travel for employees, while still expecting training delivery to be carried out as usual. This plays very well to online cpd, as it has no travel costs and can be done at non-critical work times thus increasing productivity. With increasing numbers of home workers, their travel costs can also be reduced as they don’t need to get into an office for training events.

It helps to have a few stats to support this:

Dow Chemical reduced average spending of $95 per learner/per course on classroom training, to only $11 per learner/per course with electronic delivery, giving rise to an annual saving of $34 million (Shepherd, 2002).

Venue and accommodation costs = zero

No venue hire, no accommodation, no additional trainer costs, no lunches – and binders. Nice for cost management – and the environment too.

Learner time is better spent

E-learning is generally shorter than classroom training on the same subject by up to 25-60% (according to Brandon Hall, 2001 and Rosenberg 2001). Time is compressed in e-learning, as you don’t have all the logistics that come with the classroom: welcomes, introductions, setting up and winding up sessions, breaks and the like. Since the biggest cost of any training is learner time spent in training, this makes a big difference to the bottom line.

Need an example? Ernst & Young cut training costs 35 percent while improving consistency and scalability. They condensed about 2,900 hours of classroom training into 700 hours of web-based learning, 200 hours of distance learning and 500 hours of classroom instruction, a cut of 52 percent. (Brandon Hall, 2000).

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