Training Software to Trim Employee Training Costs and Ease Turnover
Evolve Elearning training expert shares tips on efficient and cost-effective training methodsTurnover, it seems, is a serious problem and an expensive one, according to Willis Mushrush, Business and Industry Specialist for the University of Missouri.
"Turnover costs for many organizations are very high and can significantly affect the financial performance of an organization," said Mushrush.
In fact, estimates indicate that it costs one-third of a new hire's annual salary to replace an exiting employee. Employee training makes up the bulk of this expense. Whether it's the cost of reproducing learning materials, travel and lodging for off-site training, or work hours lost in the classroom, businesses large and small pay dearly for new hires.
Efficiency is the key to reducing employee training costs
Learning management systems and e-learning resources make employee training programs more cost-efficient. Stop spending time chasing paperwork or losing productive work hours to inefficient training methods.
You can also utilize providers like Ulysses Learning for Call Centers to train highly specialized workforces.
Flexible training solutions save money and improve employee performanceCurrently, only 28 percent to 32 percent of businesses take advantage of software or Internet-based training solutions, but the trend is growing. Software and online training resources are a natural choice as employees and corporations become more tech savvy.
Not only do e-learning solutions cost less than traditional training programs but they also offer companies a more extensive menu of training options. Rather than force employees to change their schedules, e-learning allows individual workers to train at their convenience.
Find training options that work for your entire companyThe cost efficiency and wide scope of e-learning solutions allows companies to provide more training for employees at every level, from laborers to management. According to studies conducted at the Center for Business Research, better training is directly related to better overall performance for businesses of any size.
This is not your dad's business world. Modern problems call for modern solutionsGone are the days when employees began and ended their careers with one organization. Employment culture is changing and your training programs should be changing too. Are you ready for a change that will ease the pain of employee turnover and help you train a more productive workforce?
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