Why Does Training Increase Revenue and Productivity for Business? How to Increase Employee Effectiveness.

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training

Training is an essential part of a company’s productivity; well trained employees enable more efficient business operations, increased revenue and satisfied customers… So when employees lack quality training, not only does this spell doom for a company’s growth and revenue but it also leads to employees leaving their jobs unexpectedly.

No one wants to do a job they don’t know how to do….

The cost of poor employee training is severe. It also leads to high employee turnover. Infact;

  • Employees are 12 times more likely to quit if receiving poor training
  • 40% of employees who receive poor training leave within the first year
  • Losing an employee due to bad training can costs at least $2,500.

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It is worthy to note that on average the cost of training an employee according to company size is thus;

  • Small sized companies: $1,678 per employee
  • Mid sized companies: $581 per employee
  • Large Sized companies: $924 per employee

It’s obvious to see from this data that in small companies the cost of training is amortized over a smaller number of people… so is therefore higher.

But as a company scales savings on cost per employee significantly decrease.

While those mid sized companies realize that investing more in training directly drives their success AND GROWTH! – Is $924 the optimal amount?  I wonder what would happen if the another $750 back to each where they might ultimately be? 

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When considering these costs…  It is important that senior teams recognize that this training investment is wasted when an employee leaves….  and the the whole process starts over.  This is why every high performing company pays significant attention and resource to:

  1.   Quality, easy Hiring 
  2.  Smooth Onboarding
  3.  Training and career progression
  4.  Feedback – Both ways 

That’s where CreateLMS comes in…. making the above easy… stretching out the investment making it go further…. but also reusable over many years to provide a compounding return.

With CreateLMS you not only reduce the time it takes to effectively train employees, but you also get to track their progress, review their performance and effectively help your new hires to spread their wings at a much faster rate.

With the ability to create courses and content, pass them on to your employees via different learning methods (elearning, ILT, blended, VR/AR, offline) and survey your employees learning progress, CreateLMS is a one of a kind learning management system.

Why CreateLMS you might ask?

In the clinical trials industry, training needs to be carefully tracked and delivered. Training Doctors, Nurses, Site staff, Suppliers and Patients was never as easy as it should have been. Our clients were flying hundreds and sometimes thousands of people halfway across the world to investigator meetings and training events. It was outrageously expensive and unsustainable. Most forgot their training due to patient recruitment and more.  Online learning systems started to appear in the 2000s, but they were: “expensive, hard to use, annoyingly bad, and unreliable.” Something needed to be done!

That’s how CreateLMS came into being, with our dedicated team we decided to develop a platform that not only makes training employees in any industry a breeze but also easy to use for even the average joe. That was our goal and that is what we have achieved with CreateLMS. A one stop tool that helps you hire, effectively train and retain your best talent for longer

It is worthy to note that;

  • There is a 16% increase in customer satisfaction among companies using learning technology like CreateLMS

With CreateLMS you get to;

  • Reduce training costs: travel, hassle, time & burden for all!
  • One platform for all types: elearning, ILT, blended, VR/AR etc.
  • Quickly & easily: build deliver, immersive content + results
  • Help your people to learn anywhere, anytime on any device

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All this and more is what we offer at CreateLMS. A platform that solves issues with training using an app-like experience that is semi automated, consistent and process driven.  Our teams make sure you excel and have the platform to make it happen. Making everything streamlined and done with ease is our foremost concern.

So get in touch and let’s show you this in action and within 60 minutes you will know how to fix your current training issues.

Book A Demo

With over 1,000 LMS platforms available to you, we don’t claim to be unique…

…but our customers say we’ve reduced their training costs and time, with faster on-boarding and more engaged staff who stay longer in post.

Book a demo and discover what we can do for you!