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International Training Cost Management

04/01/2016
international training cost managementAs the internet meme says:CFO: “What happens if we spend all this money on staff training and they leave?”CEO: “What happens if we do not, and they stay?”Good quality training is not cheap, but it is cheaper than not training your staff at all. Cost of training is always an issue and therefore, one of the biggest issues for any training project is the management of that cost. For international training projects, the scale of this issue is multiplied by the number of countries and delegates involved.

International Training Cost Management

A typical international training project will encounter the following three key cost management issues:
  1. Project spend
  2. Duplication of cost
  3. Quality control
Project SpendKeeping tight control over any budget is a job in itself, but when you are managing an international training project it gets a whole lot more complicated. Aside from the consideration of exchange rates, you also need to have close control over the Terms & Conditions of each separate supplier. Key questions to ask yourself include:
  • Have you bought exactly what you think you have?
  • What are the payment terms?
  • Did that quote include trainer expenses?
  • How much am I being charged for travel time?
Cost DuplicationIf you are commissioning a training programme in different geographic locations then the chances are that you will be working with different training providers. If this is the case, then it’s almost certain that you will be paying duplicate costs for course design and production. This is of course on top of all the hidden costs of managing multiple suppliers.Quality ControlQuality is often a hidden cost. How much budget will be spent recommissioning work to cover those training partners who failed to deliver? Can you be certain that the training delivered in geographic region A is as good as that delivered in B, C and D?If the quality of course content varies from geography to geography then there will be an associated internal cost, seen or unseen, that must be taken into account. Organisational strategies that are worthy of an international training programme to ensure a successful delivery, will be put in jeopardy, if the training quality is not consistent.Of course, all these cost control issues can be overcome internally, at a cost! But what if you don’t have a team of international training programme delivery experts within the organisation?This is where a company like Cegos can really help you with international training cost management, whilst delivering the biggest impact. We have a great deal of experience in delivering international training projects, and out global team of training consultants means that you be sure of a single point of course design, with centrally trained, locally based, delivery experts and a single point of project control.To discover more about how Cegos can help you with your international training cost management and programme delivery, please use the contact option on the right.