Training is an essential part of any business. Providing quality training shows employees that their success is important to the success of your business. However, typical leader-lead training can be a costly endeavor. Travel expenses, speaking and appearance fees, facility costs, and other expenses can be prohibitive to the implementation of a quality training program.
Pre-recorded video combined with live streaming will reduces costs. Companies capitalize on the integration of this technology as part of their training programs to train new employees. Everyone receives the same training and product information at the same time, thereby saving the company's money.
1. Saves money and resources
Instructor-based training is time-consuming and consumes a lot of money and resources which is spent on travel instead of delivering the training. When it comes to video training, no money is spent to pay someone to train employees. Since the video is recorded, you just need a venue where your employees can watch and listen to the video and that’s all.
In fact, there are no travel costs incurred since video can be shared over the internet. Employees can watch the training video while sited in their desks.
2. Video is flexible
The benefits of videos are that you can customize them the way you want. You can tailor them to your organization’s training program. The flexibility of videos makes them useful when you want to add more concepts.
That means you can use videos to train your team on anything and also hire new talents.
Video is for everyone, different people learn and absorb information differently. For instance, there are people who can absorb information by listening and there are others who can grasp information by watching. Video accommodates all these people.
Also, there are plenty of styles you can use to deliver information when it comes to video. For instance, you can use animation videos, live-action, and more. All this is meant to convey information in a way that employees find it engaging and interesting. For employee training and development, video can be used for several purposes including:
3. Increased information retention
Usually, companies invest in training their employees so that they can keep what they have learned and use it now and later. Regrettably, 7 days after the training session, employees will have forgotten 65% of what was covered in the training. In fact, after 6 months, employees will have forgotten 90% of the material covered.
But when you include visuals in training sessions, the retention rate goes higher up to 65%.
That means people can remember what they learned through a video than other training materials such as text files, documents, and web articles. And given that people will remember 20% of what they read and 80% of what they watch.
4. Video is accessible
Just imagine how difficult it can be to get your team together at the same time and venue, particularly when you have more than 100 employees. It becomes a challenge to trainers, especially when it comes to instructor-based training sessions.
In addition, it can be costly for your employees located in another country to attend the training sessions. Distributing the training materials can also be hard because not all people can understand by reading- some people must be lectured to understand a concept so even if you distribute the learning materials, only a few will understand what is covered. In fact, the chances that some employees will miss something during the training are high when training a large group. That means not all the information delivered will reach your employees. And that's just time and money wasted delivering something that won't help.