Managing The Cost Of Employee Training

Training an employee is a costly endeavor that corporations spend truck loads of money on each year. It has been reported that the average cost of training a new employee is around forty thousand dollars in corporate America.

Hiring managers must often teach a new employee not only everything there is to know about the organization that they are working for, but teach them the essential job functions as well. Reporting results and extending training sessions takes the skills of experienced facilitators and instructors that they themselves have undergone continual training to stay abreast of industry trends and practices.

The addition of training tracking software to an employees assimilation into the company is an essential part of the training process as training tracking software allows management and human resource departments to quickly and easily track the progress of a new hire through the training process.

Modules containing training videos or case studies that an employee is required to review before starting in their position can be tracked by quizzes and dialogs that are embedded within the module allowing the training tracking software to notate where and how far along the employee is in the training process.

Many employers have mandatory video instruction as part of their employee training. Multiple videos can be managed through a computer database that monitors the progression of an employee as they view various segments of the recordings and answer questions about the images they have viewed on the videos.

This type of employee training management assist the human resource director and staff in assuring that the employee knows and understands the practices, procedures and policies that are in place by the employer before they begin working in the position they were hired for.

If the employee is in a program that requires several weeks to complete the employee training management software and training tracking software can be incorporated to ensure that certain benchmarks are met as the employee gains in knowledge and experience from the training that they have provided.

Because the cost of training an employee are so high it is becoming ever more important to retain good employees that have been thoroughly trained. Losing an employee that has a full skill set and knowledge of the organization will lead to the additional costs in finding and hiring a suitable replacement that then has to be trained equally well. Training tracking software ensures that in the event a replacement is hired the new employee will have access to the same training as the person they replace.