Cost Benefit Analysis for Training
April 3, 2025
As discussed in previous articles, it is very important to evaluate the benefits of the training and be able to put that in terms of numbers. Training comes at a cost and therefore any organisation would be interested in knowing the return on investment (ROI). Organisations use different methods to assess the benefits of training…
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The Benefits of Freelancing in Times of Job Insecurity In these times when job insecurity is rampant, and when professionals are increasingly finding their full-time jobs suddenly at the risk of downsizing and redundancies, there are many among these professionals who are considering switching to the freelancing mode. This way, they either become freelance consultants…
Experiential training is a whole body of training methods that are used to develop behavioural skills and physical abilities. Role playing, equipment simulations, games, on the job training (OJT), behaviour modelling, case analysis and computer based training are some of the experiential learning methods that can be used to deliver a training session.
Experiential learning is also called as ‘learning by doing’ and the training involves a two way interaction unlike the informational training methods which are more of one sided. Here the major focus is not just mere transfer of facts and figures but development of skills in the participants, which may or not be the case in informational training.
Let us take the example of sales training. When sales training is imparted to the life insurance marketing people, they are introduced to policies and procedures and later asked to remember the same. These policies and procedures are unquestionable most of the time and the information flow is unidirectional, with the help of informational training methods. Whereas when it comes to developing sales skills in individuals, simulation games and role plays are used when there is two way communication between the facilitator and the participants.
A good training is a combination of both the training methods. Some of the the experiential training methods are discussed below:
These are some of the experiential training methods that can be and are used for imparting training within organisations. Many organisations also use games and computer assisted instruction/training, the use and relevance depends on the kind of competency you are targeting.
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