Costs & ROI

Save thousands on your training budget. Read on...

YourLMS aims to provide you with affordable training software to meet your specific needs at a price that suits you. Using either the YourLMS generic platform or building a fully customised system

To create and deliver your online training software there will be a few upfront costs. Likely costs are:

• Set up of your own private groups using the YourLMS generic environment  circa £500-£1500
• Create courses – This can be a joint effort with the customer providing the content and us loading it in for you. Costs will vary considerably
• Annual Licence fees - £1,500 up to 100 users.

Return on Investment

Example Case Study

Initial investment can be recouped in a very short space of time. Here is an example of how it might work comparing traditional ‘classroom’ style training with online learning.

Assumptions used in example

Each year 50 employees require Health and Safety training which has historically been delivered as 5 training days in the classroom. With traditional methods this has meant each employee taking a whole day away from work to attend a course running from 9.30-12.30 and 13.30-16.30 (Six hours in total). Each employee earns £25,000 per annum and costs the company around £150 per day.

*The cost of designing and building the course content has NOT been included in this comparison because there are so many variables for both traditional and online versions. It can be assumed that design costs will be similar for each approach. That the online course cost build might be higher but once built can be delivered thousands of times without attracting any additional costs

Off site training costs per course delivery

The conference room is 30 miles away. An external trainer is commissioned to deliver the training.

Training costs using YourLMS Solution

Online learning is about 50% more time efficient than classroom learning because time is not being lost due to breaks, introductions, and diversions to accommodate others in the group. Also the learner can go at their own speed and will tend to do the learning in several short but intensive sessions - ideally around 40 minutes, (= to 1 hour in class) when they are fully alert.

Costs below assume each person does 6 online training sessions of 40 minutes duration to cover all the course material.

Using online learning gives you a total saving of: £30,872, based on just 50 learners

This is 68% less than the price you will pay to learn in a traditional manner.

The more learners using courses within YourLMS, the higher the savings that can be made when compared to traditional learning