If you are still conducting live training courses, you are missing out on the opportunity to save time, save money, and customize the learning experience for your employees. Why eLearning?  The 2014 State of the Industry report states that the real estate industry experienced a reduction in classroom training at 51%, down from 55 percent in 2013, and an increase in eLearning to 19%, up from 16 percent in 2009. This industry-wide shift away from costly classroom education in favor of eLearning is partially due to the perceived and calculated costs of live training courses. With Yardi eLearning, organizations can save on learning and development costs in four key areas: * Personnel This category includes the cost of all people involved in producing the training such as content designers, IT professionals, reviewers and approvers. eLearning software significantly reduces administrative costs through the introduction of technology. The software also allows users to eliminate travel and lodging expenses. * Technology The cost of the eLearning solutions, computers, web conference system, and any other technology involved in conducting the training are included in this category. These costs are the primary reason many companies choose to invest in eLearning. * Content This category includes the cost of content production and the cost of acquiring content from a vendor. By recording an instructor once and delivering the recorded course online, organizations can maximize the use of content and decrease costs associated with instructors. * Administrative Such factors are some of the most time-consuming and overlooked features of live training programs. Significant time is spent recording training activities, setting up training opportunities, and communicating with trainees and instructors before and after the event. Decreasing administrative costs offers benefits throughout the organization. In two recent polls conducted at Yardi’s bi-annual Training...

According to the Association for Talent Development, American organizations spend an estimated $164 billion on employee training on each year. This ranges from 31.5 -56 hours of training per employee. This valuable time is spent simply learning how to optimize performance rather than putting those plans into action. Yardi client Brindley & Associates has cut those costs with the use of one, simple software solution. Accountant Carol Vandenberghe has worked with Brindley and Associates for thirteen years. Overtime, she has seen the company grow its presence in the southeast. To meet it’s more sophisticated needs, the firm recently upgraded to Voyager 7S. The combination of expansion and new software required a more efficient way to pursue employee training. “That was the main reason why we got eLearning,” begins Vandenberghe. “It really helped with the transition, plus we had just hired new employees as well.” Yardi eLearning has helped Brindley and Associates significantly cut costs on employee education and get the most out of Voyager upgrade. “We have so many properties in outlying areas,” Vandenberghe says. “Some of those properties are four hours away. It would take at least eight hours for the property managers to drive back and forth for training. Then to come by the office and have to sit there for two, eight hour days, maybe more.” Those hours are just a portion of the resources wasted on onsite training. “Training event preparation requires a lot of planning. I figure 40-50 hours. That’s an entire week right there,” Vandenberghe says. “Then we have to bring in all of the property managers, pay for their food and hotel, that kind of thing. Plus, it’s inconvenient for the property managers to have to leave when they’ve got tenants coming in to make payments. The...