Why Virtual Training is a Good Investment?
The virtual training market size was valued at $204.41 billion in 2019. This massive figure illustrates the importance of virtual training in an organisation's learning structure. There are tangible and extensive benefits that virtual training delivers. Virtual training is becoming a preferred option for L&D decision-makers. While many organisations have started to use a mix of traditional and virtual learning, many have moved completely to a virtual model.
There is no doubt that virtual training delivers great learning transfer for those attending whilst providing great value for companies. And it has some very significant gains for consideration:
Here're 4 reasons why training virtually is a good investment
1. Achieve Cost-Efficiency
Virtual training reduces the overheads associated with traditional forms of learning and development.
Travel and accommodation costs are reduced to zero, as do the expenses associated with booking training venues and providing refreshments.
As most virtual training workshops are run for less than 2 hours trainers can deliver multiple workshops in one day. This means that they can reach more people quickly and cover different subject matters when required.
Another element of reducing overheads is that virtual training doesn’t require extensive investment in new technology. In fact, simply investing in a quality tech platform such as Zoom or Microsoft Teams and using the platform expertly can help improve engagement and overall learning transfer. Subsequently these platforms can be used for meetings, product launches and team communication.
2. Flexibility Drives Positive Outcomes and More Participation
Here’s the scenario – employees are asked to attend a training session, at a particular time, date, and location. These employees will have no choice but to attend this programme, no matter how far they must travel or how much time out of work they must take. This might take a toll on work delivery deadlines. During the training, employees might be distracted because they are thinking about pending work.
The result? An inability to concentrate on what is being taught and unsuccessful learning transfer.
But what if employees were given the flexibility of participating in learning workshops from their office desks or their homes?
In this case, there is far less impact on their work time, no travel time or time away from home and they will gain higher productivity.
3. Scalability Advantage
There are occasions when you may want to add more training programmes to your current L&D offering. If you are still using traditional F2F training methodologies you will have to spend additional time planning the programme and take into consideration the associated extra costs associated with design and delivery along with learner travel time etc..
On the other hand, if you are taking the virtual training route, adding more workshops to the training suite is straightforward. You can do that without worrying about logistics or productivity loss issues. Although it still might need some additional capital, it is not a prohibitive investment by any means.
4. It is as Interactive and Engaging – If Not More
Engagement and interaction exhibited in a virtual training session is just as impactful, if not more so, than what is seen in a F2F learning environment. This is because trainers hosting virtual learning sessions focus on triggering conversations between learners to ensure energetic participation. Also, participants can feel more comfortable, ask more questions and actively participate in discussions around the training subject because there are more channels virtually to do so. This results in ideal learning outcomes for all - extroverts and introverts!
These are just four reasons why organisations have begun to think that virtual training is a worthwhile investment. It gives short-term as well as long-term results. It’s accessibility, flexibility, affordability and overall effectiveness make it the right choice for organisations irrespective of size.