The economic meltdown in the last 12-18 months has hit training companies hard. Corporate training budgets have been slashed and travel expenditure has been cut. The pressure on reducing costs has never been greater.In the past, many Training Companies have been reluctant to adopt eLearning as a medium for training delivery. They have viewed this as compromising on their core competency – human mediated training. Most training companies have been successful in selling their trainers’ expertise (and charisma) as a USP. While this has limited them from expanding, it has helped them hold on to their regular clientele and survive through earlier downturns. However, this recession is markedly different; no one can doubt it is more severe than any of the earlier ones. More importantly – this slump has occurred at a time when the very structure of training and learning is undergoing change. Corporates today are considering multiple technology-enabled-training options as part of their long term strategy. The lower costs of eLearning, the foreseeable ubiquity of mLearning, the promise of Social Learning, are all forcing a major reshuffle in focus (and budgets) in corporate training. Training Companies seem to be realizing that when we come out of this… Continue reading
Tag Archive for 'Adopting'
1. Client Demand: The provider’s clients have started demanding eLearning solutions (and training providers want to retain them). This is a pure survival and growth reason. Undoubtedly, in the current economic situation there is a BIG push for training companies to move towards eLearning. 2. Cost of Training Delivery: To reduce cost of delivery for training companies and their clients. This is mentioned universally and has come into focus even more due to the recession where budgetary constraints (especially on travel) have impacted the off-take of classroom training in big way 3. Flexibility: Increase flexibility of access (anytime, anywhere). Most training companies mention it’s becoming difficult to pull employees out of their jobs for 2-5 day instructor-led sessions. With managers forced to do more with less people (several organizations have retrenched people) letting anyone off for even a day can become difficult. 4. Increase delivery options: Blended learning options to cater to the unique requirements of different clients. Some want more eLearning and some want less of it, others want mobile learning. This helps training providers reach client companies who otherwise had not been able to afford their classroom training – opening up a new stream of business. 5… Continue reading