Traditional vs. Online Training Savings Estimate
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 | get-info@readytech.com | @readytech.com | readytechtest.wpengine.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. This Calculator is only intended for use in the United States and Europe. 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.
Switching to ReadyTech’s online training solution may lead to:
$
%
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 :
| Instructor Costs | |
|---|---|
| Lost Productivity | |
| Airfare | |
| Hotel | |
| Rental Car | |
| Per Diem |
| Instructor Subtotal |
| Student Costs | |
|---|---|
| Airfare | |
| Hotel | |
| Per Diem |
| Student Subtotal |
| Grand Total: |
| Instructor & Student Costs | |
|---|---|
| Lost Productivity | $ 0 |
| Airfare | $ 0 |
| Hotel | $ 0 |
| Rental Car | $ 0 |
| Per Diem | $ 0 |
| Virtual Classroom |
| Grand Total: |
