L&D teams of all sizes have faced some form of training budget cuts. Whether it is reduced dependence on external eLearning content – mainly readymade courses – or cutting down on current eLearning subscriptions, the change is felt. As a result, it is important to wisely manage your limited budgets for 2021 and make the most of it.
Learning solutions come in all shapes and sizes. Everything from video-based learning to augmented reality (AR), virtual reality (VR) and even to eLearning programs driven by big data and machine learning – these trends have been doing the rounds for a long time and will perhaps continue in 2021. However, jumping into them without prior experience or limited eLearning budgets is not advised.
Instead, invest your eLearning budgets into identifying internal subject matter experts (SME). These are responsible for devising the eLearning content based on their expertise in a specific domain. You can then switch to custom eLearning development services through which you can develop simple slide-based, multi-device compatible eLearning.
The idea is that your internal employees have all the expertise needed to build a custom eLearning course suited to your business case. You can then partner with an eLearning agency who is experienced in building eLearning for organizations such as yours. This partnership will be important because building a learning experience into your training program is a challenge and you need to have the right talent handling this for you. Proper eLearning design is responsible for retention rates, engagement levels, and enrolment rates as well. So, invest wisely, identify the course content from within your existing resources, and build these courses externally.