Traditional vs. Online Training Savings Estimate

Switching to ReadyTech's online training solution may lead to:

$

Savings per class

%

Reduction in costs

A positive (+) means you will save money by switching form
traditional, in-person training to online training.

Savings estimates are based on information provided by :

Traditional Training Costs
Instructor Costs
Lost Productivity
Airfare
Hotel
Rental Car
Per Diem

Instructor Subtotal

Student Costs
Airfare
Hotel
Per Diem

Student Subtotal
Grand Total:
Online Training with ReadyTech
Instructor & Student Costs
Lost Productivity $ 0
Airfare $ 0
Hotel $ 0
Rental Car $ 0
Per Diem $ 0
Virtual Classroom
Grand Total:
Additional In-Person Training Costs

This calculator estimates your cost savings by switching to online training. However, in-person training has additional, hidden costs like:

1. Technical and housekeeping maintenance of your in-person training facility;

2. Costs associated with renting/owning the training facility’s real estate;

3. Lost productivity of high-value employees who need to travel for training (this calculator assumes a $50,000 annual salary);

4. Wear and tear on your traveling employees, which can result in higher turnover; and

5. Lost revenue from not being able to add last-minute class sign-ups (in-person classes cannot add students last-minute but online classes can).


About ReadyTech

ReadyTech provides sophisticated, yet easy to use online training software. Our 25 years in the training business has helped us design the feature-rich solutions that global training organizations are looking for to deliver great virtual training.

US: 1(800) 707-1009 | EMEA: +31-(0)30-205-9951 | [email protected] | @readytech.com | www.readytech.com


DISCLAIMER

ReadyTech provides the “In Person vs. Online Training Savings Calculator” (hereby referred to as the “Calculator”) as a free service to help customers analyze potential cost savings when purchasing virtual training software. By using the calculator, you agree to this Disclaimer. The Calculator is only intended for use in the United States. The Calculator only provides estimates. Such estimates are not a guarantee of savings and a number of other factors may affect your actual savings, and your actual savings may differ. ReadyTech provides the Calculator “As Is” and with all the faults, and hereby disclaims all warranties and conditions. In no event shall ReadyTech be liable for any damages arising out of or in any way related to the use of or inability to use the Calculator. You hereby release ReadyTech from any and all liability arising from or related to the Calculator, its use and/or its estimates.

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