Case Study: eLearning Training vs. Third-Party In-Person Instructor
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Case Study: eLearning Training Solution vs. Third-Party In-Person Instructor

Posted on November 2, 2017 by Grace Hill

cost savings for eLearning training

Case Study: eLearning Training Solution vs.
Third-Party In-Person Instructor

 

As part of our recent report on the cost savings of eLearning training for the multifamily property industry, we compared the costs of eLearning to third-party in-person instruction. Our results showed that eLearning costs only 29% as much as third-party instruction. Savings were found in the areas of productivity, administration, and logistics.

 

 

PRODUCTIVITY SAVINGS

One of the primary cost savings associated with eLearning vs. third-party in-person instruction is increased productivity. Due to its modular and autonomous format, eLearning can be fit into unproductive slots in employee schedules, requiring very little unproductive time. In-person instruction, on the other hand, requires employees to be away from work for significant periods of time.

 

Increased productivity associated with eLearning represented a projected annual savings of $66,000 for a property with 10K units.

 

ADMINISTRATIVE SAVINGS

eLearning also produces administrative savings over third-party in-person instruction. While third-party in-person instruction does not require in-house personnel to deliver the instruction, it does require some resources for coordinating the instruction. The streamlined employee usability of eLearning requires no additional administrative support.

 

Reduced administrative resources needed for eLearning represented a projected annual savings of $3,000 for a property with 10K units.

 

LOGISTICAL SAVINGS

Logistical savings represent the largest cost benefit of eLearning training. The costs involved in securing a venue, equipment, materials, and travel are significant. eLearning requires none of these costs.

 

Reduced logistical costs of eLearning represented a projected annual savings of $71,000 for a property with 10K units.

 

After subtracting eLearning vendor costs, the total projected annual savings of eLearning training vs. a third-party instructor for a property of 10K units is $108,000.

 

 

Grace Hill’s marketing content team aims to create informative resources that help multifamily and commercial industry professionals elevate their performance. From blog posts and ebooks to infographics, checklists and webinars, the Grace Hill team has a singular focus: creating meaningful and engaging content that resonates with real estate professionals across the industry.    However, what makes Grace Hill so unique is the range of collective experience and collaborative spirit of its marketing content team. A group of talented writers with expertise in the real estate industry, overall management effectiveness, marketing strategy, and operational efficiency, the team provides new ideas to take performance to the next level. As a thought leader, Grace Hill's content team constantly pushes the envelope, experimenting with new resources and tools to keep industry professionals ahead of the curve.  Whether you're a seasoned pro or just starting out in the real estate industry, the content team at Grace Hill is creating resources to help you succeed. Learn more about Grace Hill on LinkedIn.

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