Calculating the ROI of Digital Learning
Many times when I am speaking to clients and prospects, the price tag of learning often comes up. Digital learning “seems” so much more expensive. But is it really? In this blog post, we will tackle that question.
For many of our prospective clients, they are entering the world of digital learning for the first time. They are used to classroom training which on the surface seems like a less expensive investment for their organization. However, there are a number of “hidden” expenses that cause classroom training to be a greater investment in terms of a long-term strategy.
Classroom Training Costs
Class/Workshop design and development (one time) Instructor salary and costs (ongoing) Space/location costs (ongoing) Travel expenses (ongoing) Food/Other Expenses (ongoing) Materials (ongoing) Time away from the job (lost productivity) Additional costs of applying what was learned back on the job after the event
Tags: Learning strategy