Stevens Point, WI (PRWEB) August 18, 2004
Every time there is a downturn in the economy, one of the first things to be reduced or eliminated is training. The reason behind this rational from most CEOÂs perspectives is that training is both expensive and ineffective. The question that needs to be addressed if this is the case is: ÂWhy bother to train at all?Â
As companies continue to emerge out of the recent recession, there is a closer examination of the role of training and its underlying costs. Rather than fall back upon traditional seminar-training models, CEOÂs realize there are cheaper and more effective methods available. This is a wake-up call for many training managers, who are no longer able to rely on conventional training tools if they wish to keep their jobs.
Majorium, an innovative and emerging information technology company has learned to harness cheap technology to profitably deliver corporate training for $75.00 per participant. Its standard training program includes three months of comprehensive blended training lessons, group discussion activities and monthly testing and evaluation. It is able to do this without sacrificing the overall quality and the results it produces.
The technology pioneered by Majorium is called Integrated Multicast Learning.
Majorium has researched and developed its innovative Integrated Multicast Learning technology to produce the results CEOÂs are demanding from their training departments.
- For every dollar companies invest in the Majorium sales training method, most average a two hundred dollar increase in new sales that is generated from the direct application of the concepts taught by the training.
- Companies using the Majorium leadership program achieve an average 618% return on their training investments after their first year, with additional residual returns reported in subsequent years.
- Average retention rates for training participants are ninety-two percent (92%) after thirty days, documented through testing as compared to ten percent (10%) retention rates for conventional seminar training.
Integrated Multicast Learning challenges the theory that corporate training must be expensive to produce results with the introduction of its innovative long-distance blended learning technology.
MajoriumÂs Integrated Multicast Learning provides companies with dramatic increases in overall quality and results with the application of its innovative blended training technology. This favorably compares with more costly competitive corporate training.
The following metrics demonstrate the positive impact Majorium training has on participants.
- 74% of participants reported learning new skills.
- 80% of participants reported they improved existing skills.
- 84% of participants reported they changed their workplace behavior.
- 98% of participants reported Majorium training improved their work related performance.
Majorium recognizes that approximately seventy percent (70%) of all companies conduct their own training. Majorium partners with its customers to deliver exceptional blended training tools that are used internally in the following manner:
- Managers can design the training they want for their employees.
- There are six programs for managers to choose from including sales, sales management, sales service, customer service, leadership and management.
- Managers can customize training by choosing specific training topics and determining their own scheduling and frequency of training.
Training managers who are concerned with employee resistance to new training methods should note that sixty-six percent (66%) of participants preferred Integrated Multicast Learning over conventional seminar training (33%) and e-learning (8%).
To assist training managers to assess new training technologies and programs, Majorium is providing a free downloadable ROI Evaluation Tool on its website: http://www.majorium.com.
This tool allows training managers to evaluate competitive training programs to identify the one that best meets their needs. The ROI Evaluation Tool is free of charge and obligation. It is formatted as an Excel database for easy use.