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As technology advances, the need for upskilling and training employees has become more urgent.. Exposing employees to new technologies and giving employees an opportunity to develop new skills can help companies improve performance in the workplace.  

There are numerous ways and approaches that organisations can use to achieve this.  However with so many options, selecting the right one  can become tricky.  While ,The most important consideration should always be the feasibility of the method for both you and your employees, here are a few other suggestions that might help identify the right training method 

1)Make use of technology:

Online training has many benefits. There is no need for a physical classroom. There are no transport costs and the timings are flexible. You can buy courses online and provide them to your learners or use employee training software tools to create your course. 

Though some of these software tools are expensive, few LMS companies provide highly efficient products that are worth the money. You can also visit platforms that allow you to compare different tools and then choose the one that best fits your needs. 

2)Leverage internal talent:

Hiring an expert or outsourcing training can be a good option, but it is very expensive. Consider any of your managers or seasoned employees who are subject matter experts to deliver the classes. This will save you a lot of time and money 

Your employees will also feel valued and can explore their teaching capabilities. This will also help them become better communicators. Learners can also interact freely with the trainers as they are likely to know each other. This may also prove to be a good bonding activity between junior and senior employees.

3)Conduct webinars:

Webinars are cost-effective ways to train your employees. They can be accessed anytime anywhere making it a more flexible option. Once you create a webinar, you don’t need to do it again unless you want some changes. It is flexible for learners as well. They can either attend the live webinars or access them later whenever they want. 

Conducting a webinar doesn’t even cost you much as many slide-sharing presentations and tools are free like Powerpoint. Video hosting might cost you a little but the subscription rates are not very expensive.

4)Interactive documents:

Design an interactive document that allows you to embed pictures, videos, buttons, and more. Use tools that are interactive and engage the learners. You can include all the material that is easily understood by the learner without attending the session. Or, you can even just provide only easy to grasp material without offering live classes. This can save time and costs for the organization and learners. 

5)Leverage industry offerings:

Many professional organizations offer educational programs and content such as free courses, blogs, and webinars, etc. Subscribe to such programs in your industry and enjoy access to all the content which can be useful for your employee training. This can help you stay updated on industry trends and business strategies. Most of such programs have annual membership options which are not very expensive, which means you can get the best content at minimum prices.

Conclusion:

There are many ways to cut down the costs in your employee training program. Maximize the use of reliable digital content available free of cost.. Make the course material available to all the learners on their mobiles and laptops. Consider a blended approach with live sessions scheduled only when necessary. You should also encourage self-learning by providing the course content in an easy to consume format. In this way, you can run a cost-effective training program.