The best practices which should help you rank your expenditures on IT learning tools and use the budget wisely. Thus, we have listed below some insights from the best corporate IT training reports on this topic.
1. Budget initiatives should be consistent
You can’t target migration to a new software and at the same time save training budget on this technology. If you think it’s possible, than your general budget strategy is under risk. It is always useful to compare how much you spend to the average expenditures of other companies.
Thus, Association of Talent Development’s ATD report says, that the average spending on corporate education in 2014 was $1,229 per employee.
This sum constantly changes, but that’s how it looks like as of nowadays.
2. Don’t distract your personnel from performing their work
ATD also identified IT and System training area to be one of twelve most common content areas found in corporate training catalogues. So if your company has a massive list of educational materials on management and sales but lacks training topics on IT systems, you would better stop and think for a moment.
It means you are either not using technology within your company, or your IT assistants are doomed to die by being cut into thousand pieces – by explaining technology topics to the same and new people over and over again.
But it’s not what you really pay them for, is it?
3. Save money whenever it’s possible
The creation of new content is time-consuming, but there is a comforting fact about it – existing content can be reused. According to Training Magazine company training budget is usually increased when extending training catalog in the first place, as well as hiring more training staff. Whereas the budget decrease usually comes from reducing company’s staff training costs. Having this in mind, let’s do a quick math now. If organizations on average spend about $1,229 per employee on corporate education yearly, one-twelfth part of 1.229$ is spent specifically on IT and Systems training.
Having 100 employees in the company rises the training budget to 10 000$ each year.
But you can spend less and fill your training pipeline by having the right content in place (e.g. how-to guides, instruction manuals, etc.). And this is something you can achieve with the help of IT training tools we will speak about further.
4. Combine tools to get the best results when building your training materials and knowledge base
Training Magazine also discloses that 73% of organizations use learning management systems, 72% – virtual broadcasting software and 51% – rapid authoring tools.
Interestingly, this percentage is higher for midsize and large companies as compared to small businesses. So, if you notice the increasing number of requests in your training pipeline, it means that it is time to treat it seriously. And by this, we mean combining tools for better training results. Although in the beginning, you will spend even more – in the long run, you will notice considerable saving on corporate education.
Applying right technology tools will definitely save you time and bring more efficiency.
Nowadays in the world of continuous technology innovation employees in large corporations can focus on the real work and not get distracted when training other personnel. So, the selection of the right tools to capture knowledge and easily distribute it within the company is an essential task for any IT director.