E-Learning in the Manufacturing Sector

Its fairly well known that computer-based training yields time savings of 35-45% over traditional classroom instruction. Adults read faster than an instructor can talk. Software will not digress or meander or spend class time on course management. This is known as compression.

What is less known is that the most visible impact on ROI is not from the obvious savings in wages but from savings in opportunity costs. An example of this is as follows:

A company needs to put 200 of their employees through a course in plant safety that takes one week. If the average hourly wage is $15 an hour then the wage cost of training alone (excluding travel costs and time, opportunity costs, instructor cost, etc) would be 200 X $15 X 40 = $120,000. If all other factors remain equal, a 40% reduction in time saves $48,000. This alone has significant impact on R.O.I., however this impact can be relatively small when compared to the effect of documented savings in opportunity costs. Opportunity costs are the cost incurred by the company when production or sales are reduced due to reductions in force. Thus, if the 200 employees produce 10 units a day, the total loss for the week is 50 units. If each unit then nets the company $5,000 in revenue, the total in lost revenue would be $250,000. Again if all factors remain equal, a 40% reduction in training time would net $150,000 in lost opportunity savings. This is approximately three times the savings in wages alone.

In addition to compression of training time, MediaTech’s web-based e-Learning products are available 24-7 and can be accessed by your employees at times that further reduce opportunity costs.  Add to this the fact that training programs can be monitored and validated to a much greater degree as compared to traditional training, the value proposition of computer-based training products is clear.

Introducing VTT™

The Virtual Table Top – VTT™ is a web-based tool for conducting enhanced table top exercises.  Facilitators and users can import custom background images, place terrain features, roads, hazards, and equipment on a 3D street grid to visualize the scenario and response actions.

Call or email today for a free Trial - vtt@mediatechinc.com or call 641-856-8052

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Click here for an interactive overview of VTT™

Some of the Benefits of VTT™:

Free: Training
Economical: Lower operational and training costs
Cost-Effective: No wear on resources or ancillary costs
Efficient: Increase number of fully trained personnel
Effective: Improve and maintain necessary level of skill
Comprehensive: All-Hazards, All-Agencies applications
Relevant: Train for 21st Century threats and priorities
High-Impact: Experience instills maximum retention
Customizable: Easily create objectives-based exercises
Practical: Gain experience using familiar scenes
Repeatable: Train and retrain for enhanced performance
Convenient: Train regularly with no operational disruptions
Measurable: Objective scoring and assessment
Compliant: NIMS, HSEEP, OHSA
Secure: Train confidentially in a protected environment
Safe: Protect your most valuable assets – your People

Call or email today for a free Trial - vtt@mediatechinc.com or call 641-856-8052

The Easiest, Most Effective

Way to Visualize Your

Disaster Plan

VTT - All Hazards

Economically Priced (as low as $500 for your whole organization)

SIGN UP TODAY TO START YOUR

FREE TRIAL

 vtt@mediatechinc.com
or call 641-856-8052
Plan, Prepare, and Train with VTT™

Our Virtual Table Top – VTT™ revolutionizes the tabletop exercise, giving you the power to visualize scenarios, injects, and participant responses quickly and effectively. Includes 100s of custom objects for visualizing emergency scenarios and fully localized situations. Airport, Chemical/Biological Attack, Earthquake, Fire, HAZMAT, Arson/Sabotage, Flooding, Pipeline Explosion, Hurricane, Pandemic, Active Shooter, Tornado/Wind shear, Train Derailment/wreck, Hostage/Intruder, Major Event Planning, After Action Reviews and more.

—Ask about educational pricing and discounts for county, regional and state level purchases—