Rising Cost of Travel- Maximizing New Ways of Training

Many companies are adapting to the trend of eLearning. To battle rising travel costs, companies are looking for new ways to effectively train their employees while maximizing their training budgets. As training costs continue to soar, a full service custom interactive training provider will help companies save significant dollars. mySmartSim is leading the charge.

Statistics have shown an increase in online training and the number is growing. The financial aspect of the "2007 Industry Report", published in the Training Magazines 2007 states, "The use of self-study eLearning now accounts for 20% of student hours, up from last year’s figure of 15%," (Training Magazine 2007 p. 14). eLearning had a dramatic increase from 2006 to 2007 and as these trends continue to increase year after year, mySmartSim will improve the growth of business and meet the needs of the training market. The Training Magazines 2007 states, "Overall, U.S organizations shelled out $58.5 billion for training this year (including payroll and training budgets), with $16.3 billion earmarked for external learning products and services. These numbers are up 4.8% and 3.1%, respectively, from last year’s figures of $55.8 billion and $15.8 billion," (Training Magazine p. 9).

Due to rising travel costs, it makes sense for companies to invest in eLearning solutions. In the Journal, Meeting the Training Needs of SMEs, the article "Is e-Learning a Solution?," discusses the advantages of eLearning. "There are numerous courses already developed in an eLearning format that are free or available at reasonable prices. These courses, in addition to being less expensive than conventional courses, allow SMEs to save on travel, lodging and meal costs. These courses reduce the loss of employees’ production time or the need to replace employees," (Raymond, L and Roy, A Volume(Issue): 6 (2), 2008 Page 91).

mySmartSim is well aware that the next generation of workers are eLearners. Thanks to their blended learning approach, their customers have seen a decrease in the time it takes to effectively train and cross train their employees.