In any company, regardless of it's size, there is employee training and development to be done within a set budget. To do this, you need to keep up with the pricing and costs of employee training materials. Through your research, you may even come across a less expensive way to train your employees that won't decrease the message that you are trying to get across with the training.
Before you begin your comparison, take stock of the types of training your company currently offers. Are you a multi-site corporation that uses both an in-house training department along with seminar based training? Or are you a small business that primarily uses employee training manuals? Prior to deciding on your next training event, consider the following:
1. What is your company's budget for business employee training?
2. How often are you planning to train your employees?
3. Are there any available discounts for training?
Action Steps
The best contacts and resources to help you get it done
Select cost-effective employee training for the size of your company
When shopping around for staff training and development materials, look for companies that offer training rates that are based on the amount of materials needed or number of employees attending and not just a set price. This is especially important for a small business.
I recommend: CRM Learning offers their online courses priced based on number of participants. The prices begin around $10 per person for 50 to 1,000 participants and approximately $8 per person for over 3,000 participants.
The Richardson Company offers online streaming courses for around $6 per person for up to 1,000 participants and approximately $5 per person for 1,000 to 3,000 participants.
Plan for the frequency of new employee training
If your company has a lot of turnover or only hires seasonal employees, you will obviously have more sporadic training needs. Look for companies that will let you purchase or rent training materials that can be used for each batch of new employees that enter your company.
I recommend: Employee University has training videos for sale and to rent. Purchasing their videos will cost you anywhere from $695 to over $2,000 for purchase or $250 to over $700 for a seven day rental of the video.
Business Training Media also offers training DVDs and videos for purchase or rental. Their prices range from $695 to approximately $950 to purchase and $295 to around $500 for a seven day rental.
Look for discounts on employee instructional materials
Look for discounts offered by the companies that provide employee training materials. Many companies offer discounts to educational, government or non-profit organizations.
I recommend: Advanced Training Source offers a discount of 10% to 30% off of the purchase price of their instructional materials for educational, government and non-profit based organizations, and they also offer volume based discounts.
Enterprise Media offers 10% to 20% off for educational, government and non-profit based organizations, and they also offer a volume discount that ranges from 5% to 33% off.
Tips & Tactics
Helpful advice for making the most of this Guide
- When looking for discounted employee training materials, if the information is not listed on their website, it might be cost-effective for you to make a phone call and see if your company qualifies for a special discount.
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