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Training Software Reduces Employee Training Costs, Increases Productivity
By admin | March 3, 2009
Turnover, it seems, is a serious problem and an expensive one according to recent surveys of HR VP’s and managers of Fortune 1000 companies. “Turnover costs, in many cases, exceed the annual wages of the employee who leaves”, said one HR manager. It’s the exact same dynamic that you see in the sales process of any company. Publishing companies have recognized for years that the cost a gaining a new subscriber is 5 to 10 times the cost of retaining an existing subscriber. That’s why we get those endless reminder notices and “Last Chance” notices on a magazine subscription that is about to end.
The key to reducing employee training costs is efficiency; streamlining the training process and making it as automated as possible.
So how does a company spend less on training without sacrificing training quality or impacting turnover? For more and more companies, the answer lies in software based training and Learning Management Systems. In short, the answer is “smarter” training.
E-learning resources and the software that powers them makes on-site employee training programs more far more cost-effective than “old-style” (i.e. on-the-job) training. Paulson Training Programs, Inc. offers, through its Insite360 system a total training solution for all plastics processors from customizing curriculums down to the employee level, to complete record keeping to setting pass/fail thresholds for individual courses.
The InSite360 system offers training not only in the technical aspects of plastics processing, but also in the various “soft skills” area such as dealing with employee conflicts, best management practices, and substance abuse in the workplace.
In addition the wide scope of training topics available, the InSite360 system also takes care of virtually all the record keeping and “housework” that used to be a manual process.
It is currently estimated that only about 25 to 35 percent of manufacturers have implemented e-learning in their workplace. Those that have are seeing returns on their investments of not just 1x or 2x, but more in the range of 5x to 10x. Yes, Properly training employees do have that large of an impact on overall productivity. At Paulson, we hear these stories virtually every day. So not only does and InSite360 training solution cost less than traditional training it is far more effective as well. Employees actually look forward to their “turn” on the training computer. It’s time away from the noise of the production floor and they are increasing their knowledge, knowledge that stays with them regardless of where they are working. It is an investment in their own education and they recognize it as such.
As we all know, the days of starting and ending your career with the same company are long gone. The whole employee mindset has shifted to one of “Me, Inc.”. Smart plastics manufacturers are taking advantage of this by appealing to the individuals desire to increase their knowledge, skills, and earning power through education and skills training.
Check out the complete Paulson Library and find the training best suited to your needs.
Topics: Online Plastics Training |