Credit Crunch Update: Why Training Departments Are Moving To Online Training?
Credit crunch update: Why training departments are moving to online training?
Training departments are increasingly shifting to the use of online training. There are two main reasons for this trend.
1. Cost
Online training programmes can be delivered at a fraction of the cost of the traditional on site version. In this economy, organisations are still looking to develop their best people but must do this in the context of declining budgets.
Consider the list of savings which are all effectively paid for by the training department of the procuring company:
i) Travel time of the trainer
ii) Travel expenses of the trainer (including petrol, public transport and for longer courses hotel and food costs)
iii) Room hire and logistics (even if internal)
iv) Cost of refreshments
v) The cost of sourcing a relevant trainer to the company
2. Accessing the best coach : Getting a greater return from more relevant training
One of the major issues in training is the lack of relevance in the training and in the person providing the coaching. For too long business language coaching has been provided by language experts rather than by practical coaches with experience in the client’s industry and function. Online training allows for the provision of the most relevant person for each and every course. Hence an engineering company can train their people in English language coaching using a technical coach with industry experience. A legal firm can practice delivering tough presentations with the help of a foreign trained lawyer.
MSK English provides live online language and business skills coaching in ten languages. Its group of coaches range from business professional to engineers, lawyers and finance experts. http://www.mskenglish.com/ or contact Mark Arnold at info@mskenglish.com.
About the Author:
Mark Arnold is the founder and CEO of MSK English, a website that offers those in education, business and private clients online live online English classes one-to-one and in 10 languages. Although English is the main language, we also help our clients improve in 10 other languages including French, Spanish and Italian. Previously, Mark worked in venture capital at Smedvig Capital and McKinsey & Company in London. He has a degree in PPE from Magdalen College, Oxford, and a diploma from Sciences Po, Paris.
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