'Return On Investment' for Online Training

Training is essential to businesses for:

	improving business performance, increasing the skills of the workforce and engaging new technologies
	ensuring compliance with new regulations
	Risk Mitigation by understanding existing legislation and preventing avoidable mistakes.

If Training and Learning is the acquisition of knowledge, then the ideal would be to gain that knowledge as efficiently as possible - with the minimal cost, minimal interruption to other tasks and ensuring the knowledge is completely relevant.

Attended course	cost £'s	Online training	cost £'s
staff time 7.5 hours	150	2.5 hours	50
travel	50	travel	0
course costs	199	course costs	50
	£399		£100

(example only)

Other advantages are that learners are not restricted to the pace of the least able, can re-visit less-well understood passages at the learners discretion, and the learning can be applied at the time of need for maximum impact. On balance, a well created Online training course should provide knowledge acquisition more effectively that other training styles.

(Assumes that course duration of 5 hours, 10 delegates therefore 2.5 hours effective learning time.)