8 Ways to Cut Costs on your Next Compliance Online Training Course

Did your last online compliance training course require more resources than you expected? Are you trying to stretch your budget and improve online training ROI? Here are 8 ways to cut costs on compliance online training courses.

How To Cut Costs On Your Next Compliance Online Training Course

Compliance online training courses are necessary, but they can also be resource-draining. Particularly when you are catering to a distributed workforce or if you are in an industry that’s tightly regulated, you must ensure that everyone has the engaging, experience-building resources they need to comply with policies and protocols. Sure, the right compliance training software can help. But, are there simple and straightforward ways to save on your next compliance training course?

1. Evaluate your current compliance online training program
2. Use curated online content
3. Invest in a rapid eLearning authoring tool
4. Outsource time-consuming or costly tasks
5. Repurpose online training resources to create a reference library
6. Host workshops in lieu of comprehensive online training courses
7. Conduct eLearning assessments to identify gaps and target your compliance training
8. Use an eLearning template to simplify revisions and updates

1. Evaluate your current compliance online training program

One of the most effective ways to save on your next compliance online training course is to take a closer look at your current training strategy. This allows you to determine what’s working and how you can minimize spending moving forward.

For example, your LMS metrics reveal that certain online training resources aren’t being used. Resources that still require regular upkeep and a sizable portion of your online training budget.

So, you have the option to revamp these under-performing online training tools or eliminate them entirely.

2. Use curated online content

There may already be online content that covers compliance topics and improves employee comprehension, such as demo videos and guides which explore compliance-related tasks and help employees follow proper protocols.

Create a list of helpful links to external resources and include a brief explanation of how it ties into the compliance online training. For example, an article enables them to explore the new regulations regarding safe handling procedures. The caveat is that you must usually credit the source or ask for permission to respect intellectual property rights.

3. Invest in a rapid eLearning authoring tool

As the old saying goes, you have to spend money to make money. But the same rule applies to saving money. Invest in a rapid eLearning authoring tool to gain access to eLearning templates, themes, graphics, and other online training assets that allow you to cut costs.

These tools give you a foundation to build so that you don’t have to start from scratch. Additionally, you don’t have to devote resources to third-party assets, as the built-in online training library has everything you need.

4. Outsource time-consuming or costly tasks

This may seem like the last thing you should do to cut compliance online training costs. However, outsourcing complicated or time-consuming tasks can help you save money and allocate resources more effectively.

For example, hire a Subject Matter Expert to ensure that you include the key takeaways and offer your employees accurate compliance knowledge. Or a graphic designer who can create interactive branching scenarios or online training simulations that facilitate real-world experience.

5. Repurpose online training resources to create a reference library

This tip is for organizations who have a library of existing online training content that can easily be applied to their next compliance training course. It just takes some creativity and a rapid eLearning authoring tool.

Evaluate the online training materials you already have and determine how they align with your new learning objectives. For instance, the webinar you recorded last year can be converted into a series of modules or microlearning activities for your upcoming health and safety online training course.

These “moment of need” online training repositories are great for brushing up on compliance information and staying up to date with changing policies.

6. Host workshops in lieu of comprehensive online training courses

You might choose to forego the traditional course format altogether and opt for an online workshop for your compliance online training course. Schedule the event in advance and give employees a guide so that they can follow along.

Stick with one compliance topic for each session and invite participants to share their thoughts. Thus, they will be able to interact with the host and their online peers to broaden their understanding of the compliance issue.

The online workshops can even be recorded and reused for future online training courses. The secret is finding the right video conferencing tool for the job. It should allow you to edit, add narrations, and incorporate online training activities to enhance the benefits.

7. Conduct eLearning assessments to identify gaps and target your compliance training

You might be surprised by how much money is wasted by improper resource allocation. Organizations devote a sizable amount of their training budget to improve compliance knowledge, but they don’t consider the needs of their staff or the gaps that hinder organizational success.

You must conduct eLearning assessments to identify skill, knowledge and performance gaps in order to target your compliance online training. Evaluate employees to determine what they know and where they need to improve.

This also discloses areas of your current compliance online training program that are lacking. As an example, a large portion of your workforce is unable to earn their COI certificates. This indicates a widespread problem with the online training strategy as a whole, rather than on individual level.

8. Use an eLearning template to simplify revisions and updates

Compliance online training courses usually require regular updates and revisions to keep up with evolving policies and procedures. The same rule applies to materials that involve regulations which change periodically. Αn eLearning template can help you simplify the process and ensure that your online training resources are always current.

They also cut costs, as there’s no need to start from scratch every time a new policy or regulation comes into play. If your rapid eLearning authoring tool doesn’t have suitable templates, check online for free or low-cost solutions.

Conclusion

These 8 cost-saving tips give you the opportunity to maximize compliance results while minimizing expenses. Start with a thorough evaluation to see where you stand now, then use curated content and existing online training resources to cut costs.

It’s also essential to follow up with employees to ensure that your compliance training is giving them what they need to comply.