New Technology = Big ROI In Training

Training and Development on the Gears.  

 

The advent of accessible virtual reality application is right around the corner. This technology promises a new world of opportunity, for those seeking heightened entertainment capabilities, but more importantly for businesses looking for cost-effective solutions, return on investment for updating human resource skills, better training options, and more. Let’s take a closer look at where businesses can save money and optimize operations.

New Hardware Technology - A Better Approach

In the past, to create realism in simulated job site training, companies had to invest millions of dollars into bulky, software-limited simulator hardware.  In many cases, this hardware is completely stationary, which causes large expenses and/or inadequate training time when trainees are spread out nationally or globally.

Emerging affordable virtual reality hardware provides a 360 degree perspective of a digital world. It can be used in conjunction with various off-the-shelf motion tracking devices.  This new hardware approach allows learners to interact with what they are seeing using their arms, hands, legs, and feet.

The best part about this hardware (aside from the super low costs)

How can these devices make training more effective? 

  • Many companies hold training from a specific site (headquarters). Having to fly trainees around the country or from other countries is cost-intensive and time consuming. Sending hardware or instructors+hardware is much more efficient—bringing greater profits and lower costs.
  • Companies that deal with manufacturing of products can train their employees effectively the virtual way from various sites simultaneously without using resources. Digital models can be interacted within a realistic mode. This allows for a larger margin of error without waste.
  • Customer service training can be carried out interactively with less stress. Employees can learn how to better interact with customers on an individual basis. This can optimize time spent on training by reducing stress—a relaxed atmosphere is conducive to learning.
  • Marketing and sales training can be held virtually in a realistic way.
  • Seminars and training for specific topics for all levels of employees can take place on site simultaneously with participants from all over the world. Engineers can learn complicated new job operations without leaving town—saving lots of money, bringing increased expertise to the workforce, and thus a large return on investment.
  • Reduce the amount of time your money-making production equipment is "parked" for training.

Return on Investment and Cost Effectiveness

Being able to train employees for new operations, skills and job positions often costs a lot of resources and brings a questionable amount of return of investment. Investing in new technology costs less than 1000 USD per unit and can be used repeatedly by any number of employees. The amount of seminars that can be participated in virtually is limitless. The interactions that can take place between people all over the world are infinite. ROI becomes easier to measure based on the new skills and training programs undertaken, via this exciting new technology.

While many of these technologies are not yet on the market, they will be soon, and to stay competitive on the worldwide market will mean investing in new methods of doing business on an international scale. Flying and other forms of travel are expensive. The new way of communicating and learning interactively carries little risk and a lot of benefits.