Of course, there’s an initial cost of setting up any new system – this is inevitable. But spending money on prioritizing employee training and well-being is proven to benefit the company’s bottom line long-term.
IBM saved around $200 million after switching to eLearning. So how did the switch save them? With this guide, you’ll find out how eLearning can help significantly cut costs by simultaneously benefitting employees, management, and customers of your business. eLearning may not be free, but it can allow you to spend smarter, not more.
To figure out the true cost of an LMS, here are four main costs associated with implementation:
• Maintenance and Support
• Content Curation
"For every $1 spent on eLearning, companies make back an average of $30 in increased productivity."