Can an LMS for the Pharmaceutical Industry Reduce Training Hours and Costs?

According to the ATD 2014 State of the Industry Report, training continues to be on top of the list of priorities for organizations. The number of training hours per employee has increased from 30.3 hours in 2012 to 31.5 hours the following year. Average training spend per employee has increased to $1,208 [1]. The Pharmaceutical Industry is permeated with regulations and CIAs that necessitate all employees to be trained rigorously within framed timelines and to be assessed on the same. This is a huge demand set on Pharma organizations given the size of their workforces, the number of departments involved, the geographic dispersion of these workforces and the fact that most employees (sales reps, marketing reps) are mobile and not available for training.