The Company
Why TrainingMade?
The average payroll investment in Fortune 500 companies is decreasing. The pressure to reduce costs has compelled companies to find more economical approaches to employee development while continuing to improve profits and productivity.
Large training departments are a thing of the past. The percentage of expenditure for external training services has continued to rise since 2002. While cost pressures contribute to the problem, understaffed training departments are increasingly the result of a growing talent shortage of training professionals. The demand for instructional designers and training content developers continues to outpace supply.
While new training tools and technologies continue to enter the market, ASTD research from the 2007 State of the Industry Report indicates that over 66% of training is still delivered by instructors in a live classroom setting.
The Bottom Line
An increasingly competitive global economy and the realization that human capital is the key to organizational performance requires Human Resources to run training like a business; demonstrate the value of training and drive organizational performance. TM Training Products provides the flexibility to highly customize training content or deliver immediately off the shelf, with no additional cost to its customers. The ROI is astounding for this new approach to training content design and development.
Comparison: TrainingMade versus traditional providers
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Example 1: Consultant Led/ Buy Training
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Length of Training Session
|
Development Cost per Hour of delivered training
|
Total Cost for Development
|
TrainingMade Total Cost |
| 2 hours |
$4,000 |
$8,000 |
$499 |
| 4 hours (1/2 day) |
$4,000 |
$16,000 |
$999 |
| 6-8 hours (1 day) |
$4,000 |
$32,000 |
$1,999 |
| 40 hours (1 week) |
$4,000 |
$160,000 |
$9,995 |
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Above example is based on an
ASTD Industry report and calculates development costs based on length of training session
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Example 2: Build Training/ Internal Trainer |
| Length of Facilitator and Participant Training Manuals |
Five (5) Development Hours per Page @ $60/hour |
Total Development Cost |
TrainingMade Equivalent Length |
TrainingMade Total Cost |
| 30 pgs |
$300 |
$9,000 |
Topic:
2 hours |
$499 |
| 60 pgs |
$300 |
$18,000 |
Module:
4 hours |
$999 |
| 90 pgs |
$300 |
$27,000 |
Course:
6 hours |
$1,999 |
| 120 pgs |
$300 |
$36,000 |
Program:
2 days |
$3,999 |
|
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Above example is based on an ASTD Industry report and calculates development costs based on length of training materials.
By removing the traditional barriers to training it means that the organization can customize and deploy these innovative and practical training modules wherever and whenever they deem appropriate. Whether the training module is deployed once or a thousand times within the organization it does not take a mathematician to attribute which of the above is more cost effective!