Opportunity Cost of Classroom Over eLearning Staff Training

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Source : blog.olivelearning.com

Auteur : David MacHale

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How do you calculate the cost of your staff training?

Some expenses are obvious: Classroom Hire. Materials. Hired trainers. Transport. Food.

But what about the opportunity costs?Learning & Development is crucial to keep your workforce up-to-date and effective, not to mention the implications it has for staff engagement and retention.

But there’s no denying that downtime during training is a major concern.

Shutting down or delaying operations can trigger problems with productivity and delayed deadlines, hurting your bottom line as well as your relationships with other department heads

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