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Top 5 Ways to Reduce eLearning and Corporate Training Costs

Lambda Solutions

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30 de abr de 2014

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EMPOWE R TA L E N T
5 Ways to Reduce eLearning and Corporate
Training Costs

Your Hosts
Farshid Zavosh
Marketing Manager
Chad Leaman
Moodle Evangelist

Agenda
oAbout Lambda Solutions
oBenefits of Corporate Training
oTraining Costs
o5 Tips to Reduce eLearning / Training ...

About Lambda Solutions
• Providing open platform learning and training technology
since 2003
• Provide end-to-end servi...

Our Clients

Poll #1

Poll #2

Benefits of Training

What can eLearning be used for?

Industry Stats
44% $706 74%

5 Tips to Reduce Costs in eLearning and Corporate Training
1. Centralize/Digitize training program
2. Reduce System (Lea...

Great Bad Example - Onboarding

Staff – Completion Tracking

Case Study – Training Division
Challenges:
• 2 year wait times
• Tuition fees > $10,000
• Improve quality of training

2. Reduced System Admin

3. Cloud Delivery Infrastructure

4. Analytics and Reporting

Accomplishments / Recognitions

Certificates

5. Integrating with Training/CRM solutions

We Provide Solutions For
Corporate – Healthcare – Government - Education

Questions

TOLL FREE +1.877.700.1118
EMAIL INFO@LAMBDASOLUTIONS.NET
CONTACT US LAMBDASOLUTIONS.NET/CONTACT-US

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Top 5 Ways to Reduce eLearning and Corporate Training Costs

30 de abr de 2014

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Descargar para leer sin conexión

Reclutamiento y RR. HH. Empresariales Tecnología

In today’s economy, many organizations are struggling to offer the right learning program due to the high costs and complexity of existing systems.

A recent study by Bersin and Deloitte shows that corporate spending on training has increased by 34% while employee engagement levels have dropped to 24%. Does your organization have the right eLearning in place?

Join our April 30th webinar and learn how to:

Reduce your current training costs by 50%-80%
Achieve consistently better learning results
Reduce employee turnover and increase learner engagement

Lambda Solutions

In today’s economy, many organizations are struggling to offer the right learning program due to the high costs and complexity of existing systems.

A recent study by Bersin and Deloitte shows that corporate spending on training has increased by 34% while employee engagement levels have dropped to 24%. Does your organization have the right eLearning in place?

Join our April 30th webinar and learn how to:

Reduce your current training costs by 50%-80%
Achieve consistently better learning results
Reduce employee turnover and increase learner engagement

Reclutamiento y RR. HH. Empresariales Tecnología

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Top 5 Ways to Reduce eLearning and Corporate Training Costs

1. EMPOWE R TA L E N T 5 Ways to Reduce eLearning and Corporate Training Costs
2. Your Hosts Farshid Zavosh Marketing Manager Chad Leaman Moodle Evangelist
3. Agenda oAbout Lambda Solutions oBenefits of Corporate Training oTraining Costs o5 Tips to Reduce eLearning / Training Costs oQ&A oNext steps
4. About Lambda Solutions • Providing open platform learning and training technology since 2003 • Provide end-to-end service for LMS setup and management • 100% positive feedback on support • Over 500,000 learners supported
5. Our Clients
6. Poll #1
7. Poll #2
8. Benefits of Training
9. What can eLearning be used for?
10. Industry Stats 44% $706 74%
11. 5 Tips to Reduce Costs in eLearning and Corporate Training 1. Centralize/Digitize training program 2. Reduce System (Learning) Administration 3. Implement Cloud Delivery Infrastructure 4. Analytics and Reporting 5. Integrate software solutions
12. Great Bad Example - Onboarding
13. Staff – Completion Tracking
14. Case Study – Training Division Challenges: • 2 year wait times • Tuition fees > $10,000 • Improve quality of training
15. 2. Reduced System Admin
16. 3. Cloud Delivery Infrastructure
17. 4. Analytics and Reporting
18. Accomplishments / Recognitions
19. Certificates
20. 5. Integrating with Training/CRM solutions
21. We Provide Solutions For Corporate – Healthcare – Government - Education
22. Questions
23. TOLL FREE +1.877.700.1118 EMAIL INFO@LAMBDASOLUTIONS.NET CONTACT US LAMBDASOLUTIONS.NET/CONTACT-US

Notas del editor

Farshid does opening introductions:

Thanks everyone for joining
review housekeeping details before getting started
Our presentation should take about 45 mins, including Q&A, but will be available afterwards to answer any additional questions
We encourage you to ask question throughout the presentation, and you can use the Chat box option on the lower left hand of your screen to type your question or comment
we will upload this presentation to the webinars section on our website – and you will be emailed a copy and a recording of today’s presentation. Pass it to Chad for his intro:
[chad intros – back to farshid for agenda]
Farshid does agenda…
Farshid to highlight:

Over 11 years experience with Learning management solutions
Cover North America
Official Moodle partner – most popular LMS software solution in the world
Gold Totara partner – fastest growing corporate LMS solution - used by Mcdonalds, Nikon, Toyota, Sony
Here’s a sampling of our clients – just to show corporate, healthcare, higher education and private sector solutions. And we will get in to a few specific examples of the success they had with their corporate training
For those of you who have some sort of a training management system, aside from expense, what are the biggest pain points you face?
Improved productivity through a trained workforce: When companies introduce corporate training programs for its employees specifically geared toward their needs, it allows the employees to gain relevant knowledge, which eventually proves to be an advantage to the organization, because it boosts productivity with enhanced problem-solving skills and lets employees develop a more professional attitude toward their job duties.

Better customer satisfaction: Trained employees translate into improved work quality and better products and services. This results in happier customers and helps your business build a strong and loyal customer base. Specially in retail, and hospitality – or another commoditized industry where customer service can make the difference

Saves administrative costs: Employees that have received training require less supervision which can result in additional savings. It also frees up senior level management, who do not have to spend time monitoring employees. Some examples include healthcare and manufacturing.

Improved company culture and morale: We often consider this a “side effect” or an intangible gain. Training can be used to improve corporate culture. a form of employee engagement; a form of investment in your workforce; better contribution to corporate strategy, knowledge; lower employee turnover A great example xample is Zappos—the leading online shoe retailer: they write best selling books on creating great company culture. At centre is their HR team that uses training tools to diffuse corproate culture through their 5,000 employees.

For more benefits, watch last month’s webinar: Improve Employee Performance and Engagement. Share the address at the end.
Having covered the four general areas where corporate training can help, let’s look at how an LMS or elearning platform can support your organization. You can also look at this from a “project” base or short term uses.

New employee orientation – often resulting in 48% reduction in turnover the first 6 months
OSHA (occupational safety and health administration); can include first aid, fire safey
Compliance and governance – insurance and finance or other that have compliance officers
Accessibility – Chad to give anectode
Personal development
Customize for your company – social media courses, using a new machine/sofware
44% - that’s the percent of training hours that were delivered by a stand-and-deliver instructor in a classroom (down from 46%) $706 – what US companies spent per learner. Companies with more mature/sophisticated products spent close to $867. This is a derivative of the total $ US companies spend on training -- 74% - seventy-four percent of respondents in the market for a replacement HCM system sought to improve their users' experience, recognizing that new, better and faster technologies are available in the market today. The ability to integrate the entire range of HCM software to improve access to analytics and decision-making were also key driversSources:http://www.trainingmag.com/2013-training-industry-reporthttp://www.bersin.com/News/Content.aspx?id=16186 http://www.prnewswire.com/news-releases/bersin-by-deloitte-research-shows-organizations-plan-to-replace-or-buy-new-human-capital-management-software-to-support-their-workforces-in-the-next-18-months-254172811.html
Marking and processing all training results: Marking, filling and processing results can be a timely process; this involves a huge amount of resources over time that can be resolved by consolidating this into an automated process where the user cannot progress onto the next module until they have passed a series of questions, automatically processing results in the background. This saves the company money through equipment used, time from staff and can be accessed with a single click from any location.Reduced System Admin: No enterprise software overhead... Cloud Delivery Infrastructure: cloud infrastructure is a shared infrastructure decreasing costs of processing and delivery..Analytics and Reporting: being able to easily see access, progress, and accomplishments of workforce empowers HR to empower your companyIntegrations:In most circumstances you will require at least some interaction with other business systems. The most common scenarios are authenticated enrolment and transferring data from your company ERP, and receiving data from the LMS to an HR system. With our Organization Manager module, Totara has been built to make this process easier and we have proven large-scale experience with enterprise integrations, including PeopleSoft, SAP and Oracle.
Typical onboarding scenarios:- Either done in cohorts or via webinarShy, confusion, learning at different speedsPaper, can’t be trackedPerson leading orientation may not be the manager – disconnectJust another number from the begining
Chad – position as part of a lambda solution/site- Reduced admin / marking and processing / prevent redundencies
- Offers certified training to emergency personnel and first responders – 40,000 students/yearThey came to lambda b/c looking to offer cheaper alternative to the $10,000 tuition and faster training to combat 2 year waitlists Incorporated online training to expedite their learning program- 10-12 weeks in virtual classroom - $2,500 vs. $10,000- Visit our website and read their entire case study
Chad – 2. Reduced Admin - automatic feedback / more dynamic assessment / part of marking and adminQuizzes and scoringCan provide automatic feedback and settingsCan make many small quizzes and a final quizAutomatic notifications between learner – manager/supervisor; student – teacher, etci.e. when someone wants to sign up for a course, they get instant notificationsWhen a manager approves, the learner get’s instant apprival
Reduce Capital CostsAnything from not having to purchase servers or the extra IT personnel to maintain them; Managed hosting means you do not have to buy the servers or the IT expertise to run a Moodle or Totara implementation. We take the capital costs off your balance sheet.Save time (which results in money) in implementation time average of 7 weeks for a typical users, 6-8 months for custom enterprise solutionScalabilityConcept of future proof and not having to “hedge your bets”. Base your costs on what you need today, but be assured that you are covered for the futureFrom 500 to over 100,0000Performance:Offer your students 24/7 access on variety of devices – do not have to design mobile specific sites fail over and traffic maintenanceReceive scheduled upgrades with new feature
[Highlight how it’s different than the learning plan slide]How save $: part of analytics and reporting piece – save time when it comes to hiring; promote internally save on training and onboarding costsTo save time and money when hiring for a replacement or new role. Lambda’s Solution allows you to search your database for a potential fit. prior to deciding whether you need to post externally. The competency name in most cases is your skill. By determining the type of skill you are looking for will narrow your search. So if we touch on goals for a specific role versus a potential candidate that already has the experience within the organization, we can locate within this report.So say I’m looking for a Junior Project Manager and would like to see if I have any internal candidates that might have certain capability or competency to fill the role. I see 2 with Project Management Principles as a competency they both could be potential candidates.
-explain what the graphics mean – speak to the larger trend in gamification and open badges-orange: course completion (tie to a solid example)-hootsuite-google- Tie it back to engagement and performance
Explain how they get these…Only admin/managers can give these
Farshid:Financial Systems, Human Resources Information Systems, Custom Applications, Student Information Systems, LDAP, SAML & Active Directory,Web ServicesHow saves money: Single sign on360 degree view on the learner’s progress – make learning content match their pace and performancePerformance review/trackingSingle entry (example of client that spends 1-2 hours/week manually entering training data
[Farshid] key points to highlightOffer services accounts with 500-100,000 usersWorked with leading institutions within the Education, Healthcare, Corporate training, and Government sectors