In-house training or corporate training programs remain a key component of the employee development process for most companies. In fact, many businesses have already built robust corporate training programs to help their employees grow and develop in their roles. However, as you probably know, not all company training programs are created equal. To fully leverage your investment in these programs and make them a game changer for your company, you might want to consider an in-house approach instead of outsourcing it to an external vendor. Here are five reasons why an in-house training program can be a game changer for your company:
1. You have more control over the outcome
When you outsource training, you have little control over the curriculum and the end results. The training company will likely have its own systems and procedures, which may not align with your company goals. You may also experience a time delay in getting the training because it takes time to source, create, and deliver the training materials. In contrast, with an in-house program, you have more control over the curriculum, and you can typically get the programming up and running sooner. You also have the flexibility to make adjustments as needed, which can have a significant impact on the overall success of the program.
2. In-house Training is more cost-effective
Depending on your company size and how often you deliver training, you may find that in-house training is more cost-effective. For example, if you have more than 10 employees and are required to provide mandatory training to comply with employment laws, you’ll save money by providing the training in-house because you won’t have to pay the high fees associated with outsourcing. If your company has a robust training program, you may also be able to negotiate volume discounts with your vendors. In addition, if you outsource training, it’s likely you’ll have to pay fees for travel, lodging, and per diem for the trainers, which can add up. Another cost-saving measure to consider is creating your own training materials, which can be done at a fraction of the cost of hiring an outside vendor.
3. Employees are more engaged and committed to the program
Studies have shown that the more engaged employees are with their company, the higher the company’s level of success. With an in-house training program, your employees are much more engaged and committed to the program, making the program more successful. This is because employees are more likely to feel ownership of the program if they’ve been involved in creating it—which is especially true if they’re involved in designing the delivery approach. Involving your employees in the design of the program can help increase engagement and commitment because they’ll better understand the value of the program and how it can help them achieve their career goals.
4. You have better reporting capabilities
Depending on the type of company training you outsource, you may not have ready access to the detailed information you need to measure the effectiveness of your program. With an in-house training program, you’re able to track everything and tie it back to your business goals. This can help you determine the overall success of your program and make adjustments as needed. For example, if you offer a virtual meeting training program, you may want to track how many participants attend the sessions and how many engage with the materials.
You may also want to track how many of your participants complete the tutorials and pass the assessments. You may also want to track what percentage of participants drop out of the program and why. This information can help you determine if you need to make adjustments to the program to improve its success. It can also help you identify areas in which you may want to measure satisfaction.
5. In-house Training builds a talent pipeline for future growth
When you outsource training, you’re not developing a talent pipeline for future growth. In contrast, when you have an in-house program, you have the opportunity to create a talent pipeline for future growth. This can be especially valuable if you’re a growing company and need to find new employees quickly because you can promote from within and groom your internal employees for leadership roles. For example, if your company provides customer support training, you can have instructors teach the program and also select the best performers to groom for future leadership roles. You can then promote the best performers to provide coaching and mentoring to their peers. This approach can help you accelerate the growth of your training program by promoting the best performers to positions of greater responsibility and leadership.
In-house training can be a game changer for your company because it offers many benefits over outsourcing training to an external vendor. First, you have more control over the outcome of the program because you are able to design the curriculum yourself. This can help you ensure the content is aligned with your company goals and objectives. In-house training is also more cost-effective because you can take advantage of volume discounts and negotiate better rates from your vendors. It’s also more cost-effective because you have better reporting capabilities. You can track everything and tie it back to your business goals. This helps you determine the overall success of your program and make adjustments as needed. Furthermore, you can build a talent pipeline for future growth and accelerate the growth of your training program by promoting the best performers to positions of greater responsibility and leadership.