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As a business owner or individual looking to upskill, you're likely aware of the importance of ongoing training and development in today's fast-paced work environment.
Investing in subscription training can be a game-changer for your organisation, providing a cost-effective way to bridge the skills gap and achieve your business objectives.
With a subscription training program, you can access a variety of features, such as online courses, soft skills training, and leadership development programs, all designed to enhance your team's performance and productivity.
By incorporating subscription training into your learning process, you'll be able to assist clients with medication training, OHS training, and other critical areas, ultimately driving employee engagement and business growth.
Growing Popularity of Subscription-Based Training Models
The way people consume training has undergone a significant shift in recent years.
The COVID-19 pandemic has accelerated the adoption of online learning, with many businesses and individuals turning to digital platforms to upskill and reskill.
According to a report by ResearchAndMarkets, the global online education market is projected to reach AUD 325.8 billion by 2025, growing at a CAGR of 21.1% from 2020 to 2025.
One of the primary drivers of this growth is the increasing popularity of subscription-based services.
This model has been successful in various industries, such as music and video streaming, and is now being applied to the training sector.
Subscription-based training models offer you a cost-effective way to access a wide range of courses and training resources.
With a subscription, you can provide your employees with continuous learning opportunities, helping to bridge the skills gap and improve overall performance.
As a business owner, you can also benefit from the flexibility and convenience of subscription-based training, which allows you to tailor your training initiatives to meet your specific business objectives.
10 Reasons to Invest in Subscription Training
Here are 10 compelling reasons why you should consider investing in subscription training:
Cost-Effective Training Solution
While traditional training methods can be expensive and time-consuming, subscription training offers a cost-effective solution for businesses and individuals alike.
By providing access to a wide range of courses and resources, subscription training enables you to upskill and reskill without breaking the bank.
With traditional training methods, you often have to pay for each course or program separately, which can add up quickly.
Subscription training, on the other hand, provides a fixed monthly or annual fee, giving you access to a vast library of courses and resources.
Subscription training also allows you by providing a predictable and manageable cost structure.
This means you can plan your training initiatives in advance, without worrying about unexpected expenses or budget blowouts.
Without the need to invest in costly infrastructure or personnel, you can redirect your resources towards more critical areas of your business.
This enables you to focus on what matters most – driving growth, improving employee engagement, and achieving your organisational goals.
Access to Up-To-Date Content
With new regulations, technologies, and best practices emerging regularly, it's imperative to stay informed to ensure your organisation remains compliant and competitive.
Subscription training provides you with access to a constant stream of updated content, ensuring you're always aware of changes that may impact your operations.
Developments in technology, legislation, and industry best practices can significantly impact your organisation's operations and profitability.
Without access to up-to-date content, you risk falling behind, which can lead to compliance issues, skill gaps, and decreased employee engagement.
Subscription training bridges this gap, providing you with the knowledge and tools needed to stay ahead of the curve and achieve your business objectives.
Flexibility and Convenience
Keep in mind that traditional training methods can be restrictive and inflexible, requiring you to adhere to a fixed schedule and location.
Subscription training, on the other hand, offers the flexibility and convenience you need to fit learning into your busy schedule.
With subscription training, you can learn at your own pace, revisiting complex topics as many times as you need, and accelerating through material that's easy for you.
This personalised approach ensures that you absorb information efficiently and effectively.
To maximise the benefits of subscription training, you need to be able to access your training materials whenever and wherever you want.
With online training programs, you can log in from any device, at any time, and pick up where you left off.
This level of accessibility is particularly useful for businesses with remote teams or individuals with non-traditional work schedules.
Imagine being able to access a comprehensive library of OHS courses, including medication training, from the comfort of your own home or office.
You can complete modules during your lunch break or fit them in around your busy schedule.
This flexibility ensures that you can upskill and reskill without sacrificing precious time or resources.
Wide Range of Topics and Courses
Unlike traditional training methods that focus on a specific area of expertise, subscription training offers a vast array of topics and courses to cater to diverse learning needs.
Topics such as medication training, OHS training, and soft skills are just a few examples of the many courses available through subscription training.
You can browse through any OHS course, select the one that resonate with your goals, and start learning at your own pace.
Diverse online courses provide a platform for you to discover new skills, enhance your leadership skills, and improve communication skills.
For instance, you can take advantage of online training programs focused on employee engagement, skills gap analysis, and continuous learning to develop your team's skill sets.
Scalability for Growing Businesses
Growing businesses require a workforce that can keep pace with new developments and shifting priorities.
With subscription training, you can easily update your training programs to reflect changes in your industry, ensuring that your employees are always equipped with the skills they need to succeed.
Subscription training also allows you to roll out targeted training programs to new teams or locations, ensuring consistency and quality across your entire organisation.
Businesses like yours need to be able to respond quickly to new opportunities and challenges.
With access to a wide range of online courses and training resources, you can develop the skills and knowledge your employees need to drive growth and success.
Enhanced Employee Engagement and Retention
Satisfaction and motivation are critical components of a productive and efficient workforce.
When employees feel engaged and motivated, they are more likely to be invested in your business objectives and strive to achieve them.
Subscription training helps to boost job satisfaction and motivation by providing a sense of accomplishment and confidence that comes with acquiring new skills and knowledge.
Satisfaction with career development opportunities is a key driver of employee retention.
In fact, a study by Gartner found that 45% of employees who do not see opportunities for growth and development are likely to leave their current employer within a year.
By investing in subscription training, you can reduce turnover rates and the associated recruitment costs.
According to a report by the Australian Government, the average cost of replacing an employee is around $30,000.
By providing your team with ongoing learning and development opportunities, you can significantly reduce the likelihood of turnover and save your business thousands of dollars in recruitment costs.
Furthermore, subscription training can help you to upskill and reskill your existing employees, ensuring that they have the necessary skills to meet the changing needs of your business.
Improved Performance and Productivity
Business owners who invest in employee training initiatives tend to see a significant improvement in overall business performance.
According to a study, companies that invest in employee training experience a 24% increase in profit margin (Source: LinkedIn Learning).
This is because trained employees are more efficient, productive, and better equipped to handle complex tasks, leading to improved business outcomes.
This is particularly true for businesses in Australia, where the demand for skilled workers is high.
Moreover, with subscription training, you can ensure that your entire team is aligned with your business objectives and organisational goals, resulting in improved overall business performance.
Customisable Learning
This approach not only improves employee engagement but also increases the effectiveness of your training initiative.
With subscription training, you can create a flexible, adaptable, and responsive learning environment that meets your team's needs.
For instance, if you have employees who require medication training or OHS courses, you can create a personalised learning path that meets their specific needs.
Consistent Training Delivery
One of the biggest benefits of subscription training is that it allows you to standardise your training across the organisation.
This means that whether you have employees in Sydney, Melbourne, or Perth, they will all receive the same training, ensuring consistency and cohesion across the board.
Plus, with a subscription-based model, you can continuously update and refine your training programs to reflect changes in your industry or organisation, ensuring that your employees are always ahead of the curve.
This is particularly important in industries such as OHS, where regulations and best practices are constantly evolving.
Access to Support
For businesses and individuals investing in subscription training, having access to support is crucial in ensuring the successful implementation of their training initiatives.
Access to expert trainers and instructors can provide valuable guidance and support throughout the learning process, helping you to overcome any challenges or obstacles that may arise.
For instance, if you're struggling to engage your employees in the training program or need assistance with tracking progress, having a dedicated support team can help you address these issues and get your training back on track.
With subscription training, you can tap into a wealth of resources and expertise, including instructional designers, technical support specialists, and learning consultants, all of whom can provide personalised support and guidance to ensure your training program meets its objectives.
At OHS.com.au, we offer a range of online OHS courses and training programs designed to help you achieve your business objectives.
Browse our courses today and discover the benefits of subscription training for yourself!
Measuring the Success of Subscription Training
Tracking Progress and ROI
On the surface, measuring the success of subscription training may seem daunting.
However, by setting clear goals and key performance indicators (KPIs), you can easily track progress and ROI.
For instance, you can monitor employee engagement, course completion rates, and time spent on training to gauge the effectiveness of your online training program.
Evaluating the Impact on Business Outcomes
On a deeper level, it's imperative to evaluate the impact of subscription training on your business outcomes.
This involves assessing how training has improved communication skills, leadership skills, and overall performance within your organisation.
For example, if you notice a lack of soft skills among your team members, you can focus on developing these skills through targeted online courses.
By bridging this skills gap, you can enhance your entire team's performance and drive business growth.
Final Words
From above, it's clear that investing in subscription training is a no-brainer for your business.
By doing so, you'll not only bridge the skills gap but also enhance your employees' soft skills, leadership skills, and communication skills.
With online courses, you can provide your entire team with a cost-effective way to access a variety of features and development programs that align with your business objectives and organisational goals.
So, take the first step towards continuous learning and invest in subscription training today. Your employees – and your business – will thank you.