How To Save Time and Money with Training Video Libraries For Your Business
A skilled employee is an extremely valuable asset. However, you can’t hire a candidate and expect them to thrive immediately. Training must take place in order to build the new employee’s knowledge of the company/brand as well as how they will be completing their day-to-day tasks. Depending on the size of the business and how extensive the training is, it can really eat away at valuable time and money. On top of that, times are changing and it’s truly in your best interest to make adjustments to your business to align with those changes.
By incorporating videos into your company’s training process there is no doubt you will not only save time and money, but also the quality of the training experience will increase drastically. Therefore, increasing your employees productivity, resulting in a more successful business. At INDIRAP we’ve seen these benefits firsthand and want to share them with you.
Sign Of The Times
We have entered the work-from-home revolution. In the past few months, an increasing number of companies, including Google, Nationwide, and Facebook, have shifted their business plans. Allowing their employees the option to continue working from home for several months, till next year, or even indefinitely. Clearly, what began as a response to a crisis is quickly developing into the new norm. Of course, that doesn’t mean businesses are going to stop hiring or training new employees. So what does that mean for training procedures? How do you train employees when the majority of your employees aren’t coming into a physical office space? Online training! By implementing online training videos now, you’ll be ahead of the curve and prepared for the future of mass remote-workers.
Record Once – Use Time and Time Again
Training requires time. Both for the trainee and the trainer. On average it takes a total of 46.7 hours to train just one new employee. Now take that number and apply it to a company that has grown from 10 to 30 employees in the span of a year. Each of those 20 new employees require training in some way. If you are providing in-person training, that could add up to over a month of valuable hours lost. Video libraries streamline the training process, making it more efficient to take on new employees. The trainer is then able to focus their knowledge and skill set on important tasks at hand. Delegating the task of walking each new employee through the basic knowledge of the company and their responsibilities, to video.
A One Time Cost That Will Pay For Itself
When considering employee training costs, there’s tons of factors to consider. You’ve got the cost of an instructor, venue costs if office space isn’t suitable, then the cost it takes to travel to a rented venue, and lost opportunity costs. Now, of course, every business is different and costs will vary for every trainee. However, according to a report from TrainingMag, the average cost of training just one employee is $986. Now imagine repeating those costs again & again with each new added employee. Crazy, right? A training video, on the other hand, can be accessed anywhere from either mobile or desktop devices. Eliminating both travel and venue costs. On top of that, since the instructor only goes through the process once, it drastically lowers instructor costs.
Video: A 24/7 Instructor
One of the best advantages of pre-recorded training videos is the level of quality that in-person just can’t match. A video library makes it possible for the trainee to watch and re-watch any topic as many times as they need as well as pause or rewind. Say an employee receives training in the morning but just can’t seem to remember one of the topics discussed later on in the day. With a video, that employee can refer back to that topic right then and there. The result is much more effective training. On top of that, it eliminates the need to re-train employees who may have been distracted or confused during an in-person training session.
Videos Never Have An Off-Day
In-person trainers can’t guarantee that the topics will be conveyed properly every time, to every trainee. Video can. Each person that goes through the training session will get the same information. Meaning there’s no chance that a section is glossed over by a trainer who’s had a bad day. All the correct information is in one place and can be played thousands of times without error.
Save Paper – Use Video
In person training typically requires a number of thick binders or packets. That’s hundreds and hundreds of pages that could be transferred into a cohesive video library and shared digitally. The trees and your employees will thank you.
If you’re ready to make the switch to video training, reach out to us and reserve a free strategy session at the link below.