Blog
When considering options to upskill new or current staff, cost is often a significant factor. Onboarding academies are a great way to prepare and support employees stepping into a new role, but they can sometimes involve additional costs such as temporary staff coverage or travel.
Northcoders’ Part-Time Academy offers a solution that addresses these concerns, providing businesses with a cost-effective and flexible way to train employees. Here are five key financial benefits of the Part-Time Academy:
Minimised Productivity Loss
Employees, whether current staff or new hires, can be actively engaged in their roles while training, reducing disruption to your operations. The Part-Time Academy takes around 11.5 hours a week, so trainees can still dedicate plenty of time to the company. They can be involved in their new role from the start, meet their new team, and take on responsibilities. Unlike with full-time academies, this means you can avoid the costs associated with covering workloads or hiring temporary staff.
Cost-Effective Upskilling
Upskilling your employees rather than hiring externally saves on recruitment, onboarding and training costs for new hires. With improved “time to value,” employees acquire practical and job-ready skills during the course, and immediately create value by applying this knowledge to the business.
They will also be blending theory and practice by solving real-world problems as part of the programme, preparing them to integrate smoothly into your own projects.
Flexibility
With a choice of two different seminar times and 8 hours of self-study which can be done at any time, learners can tailor their schedule each week around their various responsibilities. This allows training to be done around peak periods in the week, avoiding costly downtime during critical periods.
Enhanced Retention and Talent Growth
Investing in employee development improves morale and reduces attrition costs. Employees who feel valued are more likely to stay with the company, saving you the expense of turnover and re-hiring. Additionally, the Part-Time Academy empowers your internal employees to take on more projects, reducing your reliance on expensive consultants.
Remote Learning
Although each week involves a minimum of 3.5 hours of live teaching, the Part-Time Academy is a fully remote course. This eliminates travel and accommodation costs. Employees can learn from work or home, reducing overhead expenses further while also being more comfortable and convenient for participants.
Northcoders’ Part-Time Academy is a flexible, cost-effective solution for businesses looking to upskill their workforce without sacrificing productivity. Employers can benefit from minimised disruption and improved employee retention thanks to flexible and efficient training based on Northcoders’ award-winning curriculum. A Part-Time Academy is not just a positive investment in your employees, but also a strategic way to improve your organisation’s financial sustainability.
