Training cost is the cost of undertaking training for employees. The direct training costs may include fees for the trainer, travel and accommodation for the participants and the training materials while the indirect costs include the cost of replacing the participants temporarily and other administrative costs related to the training practice.
There is need for organizations to cut on the training cost, by advancing technologically. E-learning is a new cost effective online way of training employees. The initial cost of a trainer is cut because you can come up with audio and videos of training lessons. Other materials are unnecessary, since the audios and videos work as the training materials and the trainees can learn from wherever they are; therefore they don’t have to travel. In addition, if anyone would love to give any other documents, they can be uploaded at very minimal costs. Initial costs may apply, but the cost of maintaining a training a platform that is online are minimal, compared to the traditional face to face employee sessions.
Training programs ought to evolve in a way that the cost of employee travel and learning materials is reduced, since they take up the biggest percentage of training cost. The world is becoming a global village and paperless, and it’s a time where organizations are more concerned about maximizing on profits.
Bersin, J. (2008). The training measurement book: Best practices, proven methodologies, and practical approaches. San Francisco: Pfeiffer