Some things to consider when determining online training costs
While looking at mobile learning for your employees or students, you have likely spent time factoring in how much you are able to spend for online training costs. At first glance, the cost of investing in a learning management system (LMS) may seem to be a significant expense. The price of mobile learning isn't as simple as looking at the price of your LMS subscription. Savings or increases in efficiency that will be realized as a result of your mobile learning program should also be factored into your equation.
Areas of Potential Savings
- Travel savings if you will no longer have to bring people together over a large geographical distance
- Reduction in rental space costs for off-site trainings
- Decrease overtime or other employee compensation that results when you train small groups of people and others have to work extra hours or provide job coverage during the training sessions
These are just some general ideas to consider when looking at the cost of your online training program. You'll have to look at your specific situation to see where you are spending your training dollars and where you will find your savings.
Other Factors to Consider
When you are looking at software to house your online training program, it's important what type of personnel and ongoing costs you will have. If you purchase a vendor supported LMS, then you will simply have the subscription cost and that's all. Should you end up with an open source LMS where you have to do all of the programming and maintenance yourself, you'll have to consider how many additional staff you'll need to have dedicated to keeping the LMS up and running smoothly.
Try an LMS
One of the worst things you can do with your training program is to invest in software that isn't going to meet your needs. While you are looking at different LMS options for your online training program, consider taking advantage of a 14-day free trial offered by Litmos. Having a chance to try the software and see if it will meet your needs before purchase will help ensure that your online training costs are managed wisely.