How to Save Time and Money with Training Video Libraries for Your Business

Training employees is not only time-consuming but it can also be very expensive.

Think about all the costs associated with training – from the salary of the trainer, to the time employees must take away from their regular tasks, to the cost of training materials. These costs can add up quickly, particularly for larger companies or businesses with high turnover rates.

According to a report by Training Magazine, the average US company spends $1,207 per employee on training. The good news is there's a way to significantly reduce both the time and cost involved in employee training, and that's by creating a training video library.

A training video library is a collection of instructional videos that employees can access at their own pace and convenience. These videos can cover a wide range of topics – from product knowledge to customer service skills to safety procedures. And because they're video-based, they're often more engaging and easier to understand than traditional training materials.

In fact, research shows that video content is 95% more effective at conveying a message and 8x more engaging than text-based content. When it comes to training, this can translate into faster learning, better retention, and ultimately, a more skilled workforce.

But the benefits don't stop there. A training video library also offers significant time and cost savings. Once the videos are created, they can be used repeatedly without any additional cost. Employees can watch them on their own time, reducing the need for scheduled training sessions. And if an employee needs to review a particular topic, they can easily do so without having to schedule another training session.

This is the lost opportunity cost of traditional training – the time and productivity lost while employees are in training sessions could be spent on revenue-generating activities. By creating a training video library, businesses can significantly reduce this lost opportunity cost.

So, how do you create a training video library? Here are some tips to get you started:

Steps to Create a Training Video Library

1. Identify Your Training Needs

The first step in creating a training video library is to identify your training needs. What topics do your employees need to be trained on? What skills do they need to develop? By identifying your training needs upfront, you can ensure your video library covers all the necessary topics.

2. Plan Your Videos

Once you've identified your training needs, it's time to plan your videos. This includes deciding on the format and length of each video, writing the script, and planning the visuals. Remember, the goal is to create videos that are engaging and easy to understand.

3. Create Your Videos

Now it's time to create your videos. Depending on your resources and budget, you might choose to create your videos in-house or hire a professional video production company. Either way, focus on creating high-quality, professional videos that effectively convey the training material.

4. Organize Your Library

Once your videos are created, it's important to organize them into a library that's easy for employees to navigate. This might involve categorizing videos by topic, creating a searchable database, or using a learning management system (LMS).

5. Promote Your Library

Finally, make sure your employees know about the training video library and how to use it. This might involve sending out an email announcement, holding a training session on how to use the library, or even creating a video tour of the library itself.

Creating a training video library is a smart investment for any business. Not only can it save you time and money, but it can also help you build a more skilled and knowledgeable workforce. With the right planning and execution, your training video library can become an invaluable resource for your business.

If you're ready to start building your training video library, our team at INDIRAP is here to help. We specialize in creating high-quality, engaging training videos that can help your business save time and money. Contact us today to learn more about our services and how we can help you build an effective training video library.