Many organizations, especially smaller businesses in developing countries like India, view training programs as a cost center, meaning it is the last to get implemented during good times and the first to get cut during bad times. With the advent of better technology and lower training costs, many business owners are now starting to find training, especially online or hybrid training, more feasible, but a question that is frequently asked is “how do I maximize the return on investment of my online training program”.
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The Real Cost of Training
Inc Magazine author Robert Hoffman wrote an article many years ago about the cost of training the workforce in a company or an organization. While many companies have switched on an online training system to lower these costs since then, many still train their people the traditional way.
We are going to use Robert Hoffman’s article to explore the cost of training once again, but modernize it with the latest solutions available today. This article is for those companies, schools and organizations that are looking for an online or even a hybrid solution but need more information about the training costs that will be incurred or the savings they will make.