Corporate eLearning initiatives can be the key to a stronger bottom line. They can also be costly for a workplace to plan for and implement, especially when developers make mistakes. There are a few reasons corporate eLearning solutions might be expensive. One is the initial investment. If a workplace has no eLearning platform or eLearning solutions in place, they can be expensive to buy (and some may include fees for continued access). It’s often not cheap to create high-quality eLearning content. Another cost is trainers and eLearning experts. Even if material is only developed or recorded once, there will still be a fee for the labor. This is true whether the trainer is an external vendor or an internal employee. Internal employees still get paid a salary or hourly rate. A third cost factor is employee time spent going through corporate training. This time is generally considered a loss against the time the employee could be working, and thus contributing to ROI. The last potential cost is updating corporate eLearning materials. Sometimes, it’s necessary to update the course to reflect new procedures, clients, regulations, etc.
Employers can address these potential costs with Generative AI, though. Organizations can use AI tools in 3 ways to reduce costs and ensure maximum ROI from their corporate eLearning initiatives. Read the blog to learn more.