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 the following 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 |
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!). Now let's compare the costs of training 100 employees for one course.
| Training Delivery Costs: | With Mastery | With Classroom |
|---|---|---|
| Payroll Costs | $1,125 | $2,250 |
| Instructor Costs (four sessions) | 0 | 400 |
| Training Materials (total) | 695 | 400 |
| TOTAL | $1,820 | $3,050 |
| Other Costs: | ||
| Disruption of Operations | 0 | ?? |
| Overtime Pay | 0 | ?? |
| Untrained Workers (injuries & illnesses) | 0 | ?? |
In this example we're losing $12.30 ($1,230 per hundred) for every worker who attends a classroom session!
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? Do your math!
Consider all your costs
Think of the other major cost items. The ones that are tougher to quantify, but they are real none-the-less:
- The cost of disrupting your operations to take classroom-sized groups of workers away from their jobs.
- 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.
- 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.
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.
Good, now we're looking at the big picture.
