All posts tagged ASTD

What are organizations searching for when it comes to training? 1) A new and innovative solution, 2) or a road-tested and proven solution. And if the answer is number two- then by definition do virtual worlds fit the bill?!

One size does not fit all when it comes down to training (and most clothes), no matter what the type. You don’t want single use training- meaning to use it once and then discard it. There is no cost savings in this. The learning environment can be the key to success or the ultimate in failure. What’s to ensure that your organization’s next training initiative is the right fit for your employees? Many others and I say that active participation is key, thus leading to higher retention rates and higher ratio of success. And guess what…. Virtual Worlds do offer the right fit for many organizations at a low cost and short time frame of concept, to development to implementation.

ASTD, recently released their State of the Industry Report. Here are a few key highlights of note:
• US organizations spent $134.07 billion on employee learning and development in 2008
• $88.59 billion was spent on the internal learning function
• $45.48 billion was allocated to external services
• Average annual expenditure per employee fell 3.8% from 2007 to $1,068
• The figure for learning expenditure as a percentage of payroll was 2.24% a small increase from 2007
• The average number of employees per learning staff member was 253

With the current state of the economy many training budgets are on the decline. So what does this mean? Well, ever hear the saying “try to do more for less?” Although money does play a part; companies can either transform existing solutions into a new training medium or choose a less expensive training product. And although off-the-shelf type of products may be cost effective are they really learning effective? So the formidable challenge is to find a cost effective solution with unprecedented results. That’s where Visual Purple steps in… check out our CBT e-Simulation transformation into a virtual world with a very appealing price tag.

A recent online survey conducted by ASTD asked people what changes have been implemented within their companies’ training departments to weather today’s turbulent economy.
-49.7% reduced travel of learners for training
-42.5% reduced travel of instructors for training
-27.5% moved instructor-led courses to e-learning or web-based courses
-17.4% made no adjustments
-16.2% moved training in-house (instead of off-site)
-Creation of new content – 15.6% reduced
-Reuse of existing programs or courses – 15.6% increased
-Training dollars per employee – 20.4% reduced; 0.6% increased
-Training budgets for the remainder of the year – 34.5% reduced; 2.4% increased
-Training hours per employee – 13.2% reduced; 4.8% increased