Instructor-left training costs can come in many forms. Financial costs are the traditional way in which this question is answered. “We were able to develop this training program for about $2,500.” But what’s the cost to you?
Just because you develop a training program in-house, doesn’t mean it was designed for “free”. Yes, your time is already budgeted and paid for, but it’s certainly not “free”.
If you didn’t have to spend so much time coming up with original activities and thinking of new ways to engage people, what else could you be doing with your time? Another way to think of it might be this: if you had an extra 4-8 hours of work time this week, how would you invest that time? Would you get one more project scratched off your to-do list? Would you shut down a bit early on Friday?
The Big Question
When someone (usually around budget season) asks: “How much does it cost to put together your training programs,” what do you tell them? Are you able to come up with a good answer? Do you know the true cost of instructor-led training?
We put this little calculator together to help determine the real cost of instructor-led training.
Cost of Training Assumptions
As you can see, our Cost of Instructor-Led Training calculator is making a few assumptions. It assumes that:
It takes about 8 hours of development time to put together a plan and materials for one hour of training (including background research, activity development, facilitator materials, participant materials, PowerPoint slides, etc).
Your labor hours are the only costs involved in training. Costs go up even further if you’re using graphic designers, purchasing off-the-shelf content or videos, printing participant materials in full color, etc.
Lower the Cost of Instructor-led Training with Soapbox
Yes, this particular training cost calculator brings Soapbox into the equation and offers an idea of how many labor hours you could save by automating some of your instructional design process, but there’s a bigger point to be made here.
The saying “time is money” is only partially true. Yes, when you’re at work, your time equates to labor hours, which have a cost to your business. Unlike money, however, your time cannot be saved. So the real question is: how do you want to spend it?
We would love to help you determine how to lower your cost of instructor-led training with Soapbox. We only need 15 minutes (we know your time is valuable!).
The United States went into lockdown mode as it responded to COVID-19 back around St. Patrick’s Day of this year. It’s been about 6 months since the world of learning and development has gone almost exclusively to virtual design and delivery, and there’s really no end in sight.
Are you still able to come up with original virtual training activities to keep people engaged?
Nobody knows what the world will look like in a few weeks, months, or years. One thing is for sure, there is a drastic increase in virtual tools to facilitate meetings, and we need to be successful working with them. This time has shown many of us that virtual meetings may well be a way of working for many more of us than we ever anticipated. Now that we have the tools to do it, we somewhat expect our colleagues and coworkers to intuitively know how to create engaging experiences with these tools. Has that been your experience?
This week on the podcast, we talk to Lauren Wescott and Tim Waxenfelter about how they are leading a team to release an advanced version of Soapbox to create engaging virtual training in just a few minutes. The Endurance Learning team talks about how we moved from a tool that prioritized the instructor-led experience to a virtual experience, some lessons we learned, and what to expect from Soapbox in the near future.
Tune in this week, and every week to learn more about what other professionals are doing to push our industry forward!
Have you ever wished you could reduce the number of hours (or days) it takes to come up with engaging ideas for your training sessions?This morning my company, Endurance Learning, launched an online tool that can help you generate a facilitator guide, a complete set of activities and a PowerPoint deck – all in under five minutes. The tool is called Soapbox. Here is how it works:
Happy Halloween. Fun scary days call for spooky stories…
In a dark room, a visage is backlit by a square projected light. Ghost-like and monochromatic the visage speaks, is he speaking directly you? Should you answer his indirect questions? No, the words are abstract and generic, almost as though he is reciting an old childhood adage he has recited over and over before he has brought them before you today. Continue reading →
When you are asked to give a presentation or a workshop, it is likely because you are a decent presenter, a content expert, or both. As a person with this skill set, it is likely your only job is not giving presentations on this subject and presentations take time and money to develop. Maybe you should just wing it. Continue reading →
Course design can be scary. There are a lot of logistics to consider, the content needs to be correct and put together in a way that makes sense, and the participants must engage with the content to learn. There is a lot of art and a lot of science to course design, and many books/principles/etc. have been written to simplify the process. So far, simplifying course design has been fairly unattainable. Continue reading →