| Turnover, it seems, is a serious problem and an | | | | employee performance |
| expensive one, according to Willis Mushrush, Business | | | | Currently, only 28 percent to 32 percent of businesses |
| and Industry Specialist for the University of Missouri. | | | | take advantage of software or Internet-based training |
| "Turnover costs for many organizations are very high | | | | solutions, but the trend is growing. Software and online |
| and can significantly affect the financial performance | | | | training resources are a natural choice as employees |
| of an organization," said Mushrush. | | | | and corporations become more tech savvy. Not only |
| In fact, estimates indicate that it costs one-third of a | | | | do e-learning solutions cost less than traditional training |
| new hire's annual salary to replace an exiting | | | | programs, but they also offer companies a more |
| employee. Employee training makes up the bulk of this | | | | extensive menu of training options. |
| expense. Whether it's the cost of reproducing learning | | | | The cost efficiency and wide scope of e-learning |
| materials, travel and lodging for off-site training, or work | | | | solutions allows companies to provide more training for |
| hours lost in the classroom, businesses large and small | | | | employees at every level, from laborers to |
| pay dearly for new hires. | | | | management. According to studies conducted at the |
| Efficiency is the key to reducing employee training | | | | Centre for Business Research, better training is directly |
| costs | | | | related to better overall performance for businesses |
| So how can companies spend less money on training | | | | of any size. |
| and still get new employees up to speed? The answer | | | | This is not your dad's business world. Modern problems |
| isn't less training, but smarter training. | | | | call for modern solutions |
| Learning management systems and e-learning | | | | Gone are the days when employees began and |
| resources make employee training programs more | | | | ended their careers with one organization. Employment |
| cost-efficient. E-learning service providers, like Evolve, | | | | culture is changing and your training programs should |
| offer a variety of mix-and-match training services at a | | | | be changing too. Not only will it ease the pain of |
| fraction of the cost of traditional training programs. | | | | employee turnover, but e-learning solutions will help you |
| Flexible training solutions save money and improve | | | | train a more productive workforce. |