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Call your
M-Max representative at
1-800-PIC-MMAX
or
1-800-742-6629
or e-mail
to mmax@multi-mediaaccess.com
Mastery Technologies
What’s the Payoff?
Why train with interactive courses from Mastery?
Yes, it looks great, employees learn more and they love it,
everybody seems to be going to it. But what are the business benefits? How do
I justify the cost? What’s the payoff? Give me the business case.
What’s the big picture?
Let’s avoid the long list of features and benefits, the
number one reason to start using Mastery training immediately is this...
You save money!
And lots of it.
If you only remember one thing after reading our pages, remember this:
Even if someone is training your
workers for FREE... You’re paying too much!
Let’s go even further with our claim. Even if
someone is training your workers for free and providing the training
materials for free...
You’re still paying too much!
Does this claim sound a little excessive to you? Well, proving it is easy.
Just think about this:
It’s been proven time and again that Mastery interactive video training
takes half the time compared to classroom training. That means you’re saving
half the payroll costs of your employees simply attending the training
session.
Consider this sample calculation:
Average time for classroom training 1.5 hrs
Average time for Mastery CD-ROM training (same topic) .75 hrs
Time Savings .75 hrs
Assumed Payroll Cost Per Hour $15.00
Savings Per Worker Per Course $11.25
How Much Could You Save?
Now, how many workers do you have to train with a Mastery
course before you’ve recovered the cost of the course? Not many.
Using an average cost of $695 per course, you’ll recover all your costs with
the 62nd employee. And that’s comparing costs to a free instructor using
free training materials, and ignoring the benefits of employees being better
trained (the big savings!). But we know instructors are not
free, nor are the materials.
Now let’s compare the costs of training 100 employees for one course.
Train 100 Employees, One Course
Training DeliveryCosts With: Mastery Classroom
Payroll Costs $1,125 $2,250
Instructor Costs
(four sessions) o $ 400
Training Materials
(total) $ 695 $ 400
TOTAL $1,820 $3,050
In this example you’re losing $12.30 ($1,230 per hundred)
for every worker who attends a classroom session!
Consider all your costs - Clearly
instructors and training materials are not the biggest costs of training. The
costs of instructors and training materials are insignificant compared to the payroll
costs of putting your people in a classroom twice as long as necessary.
How many employees do you train? How many training topics can be done with
Mastery courses? What are your costs?
Try it. Do your math! You'll see why so many
companies are so excited. You get better training that reduces your costs.
There's More… Think of the other major cost items. The ones that are
tougher to quantify, but they are real none-the-less:
Other Costs: Mastery Classroom
Disruption of Operations 0 $$
Overtime Pay 0 $$
Untrained Workers 0
$$(injuries & illnesses)
Disruption of Operations
The cost of taking classroom-sized groups of workers away
from their jobs.
Include the cost of injuries and illnesses from having untrained workers—those
you never seem to get into a class and those new hires and transferees that
start the job between classes.
Include the cost of injuries and illnesses from having poorly trained
workers. Not only are classroom training and self-study workbooks, costly
in terms of materials and delivery costs, they're just not as effective as
Mastery Advantage™ training.
The Bottom Line
What is the impact to your operations and overtime costs of
having to gather enough workers for an economical class size? Oops, was
that an oxymoron? ...economical class size? What is the impact to your
operations and worker’s compensation costs of having untrained workers? Ouch!
By the way, don’t forget about administrative costs. How much is it costing
you to maintain class schedules and establish and track
training
requirements? You may want to
consider that cost too. Grab you’re calculator.
The Big Picture
Good, now we’re looking at the big picture.
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