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Creating Organizational Time and Cost Efficiencies: More ROI

• Do you feel that some of the resources currently used to manage Training and Development in your organization could be better deployed to higher value initiatives?
• Do you feel that these same resources are underutilized at your firm, creating undue costs?
• When new training opportunities emerge within your business, is there a sudden panic and scramble to integrate these new requirements into your existing training curriculum?

Any business needs to develop a better way to manage time and cost. Let's face it; in today's business environment, one of the most critical and limiting resources is the 'currency' of time. To save costs in time and effort, you need to enable groups of people to flow and connect to common activities, so there is no time wasted attempting to schedule face-to-face meetings in order to ensure key learning events are properly conveyed.

Online activities are designed to be short-bursts of information sharing, which means that varying time zones, availability or location are all worries of the past. Teams can meet on their own time when it is right for them or their group, and where it is most convenient for them. Imagine the savings in time and money if you didn't have to coordinate your next meeting, juggle your schedule, or shift priorities once again

Being More Responsive to Rapid Changes in the Competitive Landscape

The world around us is changing rapidly, and one of the critical challenges facing many business people is whether they have the mechanisms in place to effectively face and embrace these changes. For example:

• Does your business have the necessary processes in place to deal with changes to your regulatory environment?
• If there is a change to the certification process for some or all of your people, do you have the resources in place to retrain them quickly and efficiently without impacting your bottom line?
• If you launch a new product or service, or even if one of your chief competitors does, how easy is it for you to get your people up to speed on these changes?
• How fast can your vendor change to address or accommodate your new business requirements?
• If you streamline your internal processes, are you readily able to roll out these changes to the field or does this process become a difficult one to implement?

In all of the scenarios listed above, it is important that businesses have a process in place to address these kinds of issues, and most importantly a way to get their people and suppliers trained and engaged in the new processes and procedures as quickly as possible. An eLearning platform could provide your business with the tools they will need to tackle all of these challenges.

Migrating/Shifting Offline Training Online Without a Large Capital or IT Investment

Technology has played the role of an enabler for decades, and nowhere is that more apparent than today with the rapid evolution and proliferation of computers and the internet. That said, is your business taking full advantage of this technology?

• Do you feel that the implementation of an online, automated eLearning system is beyond your business' financial means?
• Do you think that implementing an LMS solution would involve massive changes to your IT infrastructure, making the costs and logistics of such a change prohibitive?
• Do you think that employing an eLearning platform involves an "all or nothing" scenario, such that all of your training curriculum must be moved online to make the project viable?
• Do you feel that employing an LMS program would require a further investment in additional IT personnel to manage the system?

All of the above points are in fact myths and are not correct. Moving your training curriculum online need not be an expensive and arduous exercise. There is no need to move all of your training content online at the start — unless of course you want to. You are in complete control of what material you want to move onto your eLearning platform and when, based on your needs and resources. For example, the program can be implemented on an ongoing basis, with portions of your training curriculum converted over time.

Many LMS solutions are web-based, and can be hosted and administered by your service provider. There are no unique IT requirements you need to worry about, nor any additional staff that you need to hire. You simply need to ensure that all users have access to a computer with internet capabilities.

Resolving People and Resource Issues: Retaining Corporate I.Q.

Are you:

• Faced with the pressure to reduce or reallocate human resources within your organization, or at the very least streamline them to improve productivity?
• Challenged with the job of recruiting and retraining qualified resources to manage important areas within your business?

Many leaders are indeed concerned that operational and business knowledge, along with other key insights, are walking out their door. You are likely faced with the challenge of managing a finite — and often constantly reducing — budget line for your training and developments costs, but still must do whatever is feasible to retain your best and brightest people, while keeping them knowledgeable, driven and inspired.

You can indeed still motivate your people to excel on the job through your ongoing commitment to their skills development, but do so in a cost-effective manner that won't punish the bottom line. But if you are enabled to be more creative with your approach to training and development and the creation of a mindset focused on achieving the biggest bang for your firm's training investment, everyone benefits from your initiatives.

Improving Management of Your Training and Development Initiatives: Lowering the Associated Costs

• If you were called upon by your business group, chief learning officer, or other individual responsible for training and development spending, to validate your training and development approach and plan, do you feel you or your team could easily and efficiently prepare for this meeting in a short period of time?
• Would you have the confidence that you could deliver a message they would understand and support?

Businesses are run with an eye to the bottom line — keep production costs low, quality high while selling your products and services at a reasonable price. Online training resources have much the same philosophy. They are also focused on keeping operational costs low, quality high, and improving productivity and other related efficiencies.

Shareholder value is therefore created through lower overall costs, efficiency gains resulting from a more skilled and highly engaged workforce, and the resulting improvements in the quality of your products and services. An eLearning solution can truly be the ideal enabler if your goal is to optimize the returns your business derives from its training and development spend.

The Importance of Metrics to the Training Process; the eLearning Difference

No training program can be deemed effective or complete unless it involves some sort of measurement component, a way to qualify and quantify the results achieved from the training initiative and to assess if it has been a success.

One of the critical advantages of an online eLearning training program is the ability to easily and quickly compile your training results and present them in a variety of consolidated formats. Are you looking for a training and development program that:

• Can easily capture, store and retrieve training results, which can then be passed on to others within the company?
• Facilitates the assessment of one's results derived from your training initiative, making it easier for you to monitor the process on an ongoing basis and make changes when and where needed?
• Makes it easier for you to provide management with progress reports on critical training initiatives and provide real time feedback on progress to date?

If metrics like these are an important component of your training and development programs, then it is quite likely that an eLearning solution that provides sophisticated metrics reporting would be a consideration for your business.

Outsourcing Specific Development Components for Maximum Impact

If your business:

• Has limited HR and training resources, or has all existing resources working at full capacity for the foreseeable future
• Is a lean operation that can't add any additional costs without adversely impacting your competitiveness
• Is in need of an outsourcing partner who can actively manage your constantly evolving training and development needs, and provide complete development and deployment capabilities
• Needs to supplement your existing training team with additional resources in order to be able to respond quickly and effectively to new training requirements brought on by regulatory or competitive pressures, for example

Then we can help. In today's business climate, organizations are being forced to think carefully about their cost structure. They are being challenged to maintain operations as streamlined as possible for the benefit of all stakeholders.

However, this type of business model can only work if businesses are able to identify and partner with like-minded businesses that are equally committed to improving the bottom line while at the same time keeping a very close eye on the needs of the customer.

At Algario, our goal is to help our clients maximize their business results. We can only be successful if you are successful, as seen from both your eyes as well as your customers. We are committed to being your business partner and working closely with you to accomplish exactly what you expect to achieve from your eLearning program. We will take our cue from you and be as engaged and involved as you need and want us to be, providing advice along the way to ensure you achieve the best possible results.

To learn more about how Algario can help you meet your eLearning needs, contact us.