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How a learning management system can reduce company costs

eLearning through an LMS offers many benefits, including cutting costs.

eLearning through an LMS offers many benefits, including cutting costs.

Not only can eLearning through a learning management system (LMS) improve safety and compliance, it can fulfill requirements while also cutting down on costs. In addition, an LMS can make your training more effective. "Research has shown that moving your training online not only allows you to allocate valuable resources to other areas of your budget, but also makes the training process even more effective," Christopher Pappas writes in an article for eLearning Industry.

Many major companies were able to cut their training costs by switching to an LMS solution:

  • Ernst and Young reduced its costs by 35 percent and also reduced its training time by roughly 52 percent.
  • IBM cut costs by approximately $200 million, one-third of the funds it previously allocated to training.
  • Upon switching to online training, Dow Chemical spent $11 per learner, a serious decrease from the $95 per learner it was spending before.
  • Cisco also cut its overall training costs between 40 and 60 percent after implementing an eLearning-based training program.

Learning management systems offer many benefits. Since training materials are centralized in one location, authorized employees can easily access them from any time and place. Moreover, organizations can track users' progress toward mastering certain subject matter, ensuring their employees have thorough knowledge of company practices and procedures. This helps improve workplace safety and compliance, in turn reducing the risk of accidents, citations and fines. 

To learn more about SyberWorks services or to schedule a product demonstration, please call us at 888-642-7078, email us at info@syberworks.com or register on our site.

SyberWorks, Inc.
411 Waverley Oaks Road
Building 3, Suite 319
Waltham, MA 02452

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