Cost-Effective Training Solutions: The Financial Benefits of Implementing VR in Corporate Learning

Implementing VR in corporate learning has significant financial benefits. For instance, with the use of VR headsets, you don’t have to break down your training between locations – instead, you may carry it out for all your offices at once on a virtual reality platform. In this article, we explore this topic further. We invite you to read on.

The Financial Benefits of VR-Driven Corporate Learning

So, how and where can you save on costs or increase your income by implementing VR into your learning programs? Here are a few examples.

Training All Locations at Once

The first benefit comes with the possibility to use one VR platform for all your locations. Thanks to this, you don’t have to break down one piece of training into several sessions for each of your offices. What does that mean in financial terms?

• Reduced transportation costs – You don’t have to cover your trainer’s transportation costs to each location if you have just one expert in the field or you engage in an outsource training.
• Reduced number of training sessions – Additionally, as the training will be carried out for all parties interested, you don’t have to pay extra for each session or trainer, reducing the overall costs significantly (especially if you’re outsourcing).
• Lower infrastructure costs – If you conduct corporate learning with traditional methods, you need to have a conference room or a similar space suitable for such occasions. The space has to have good acoustics and make your whole office larger, increasing the overall operational costs. With virtual training taking place on a single platform, you no longer need such space and can save thousands of dollars on designing and maintaining it.

Accessing the Best Specialist for Less

Is VR a good investment? Yes, especially if you want to outsource your corporate learning sessions. In such cases, you look for the best experts in the field, and those can be quite expensive, especially if they don’t work on-site. Or, you might be limited just to those specialists which are available in your region or country.

One of the financial benefits of VR in corporate training is that you can reduce these costs by simply searching for experts all over the world. After all, the worst-case scenario is that you’ll need to send a VR headset to the trainer, which is often significantly less expensive than booking training with an expert near you or paying for transportation to your location.

Time-Efficiency

VR training is also much more time-efficient – if you design a whole training program, the employees who are more skilled in the field or simply understand the topic faster can move forward through the simulation more quickly. As a result, your whole workforce becomes more efficient.

Thanks to this, you can save, or rather earn, much more yearly through improved productivity. After all, if your best employees are slowed down by long training sessions adjusted to those who find it a bit more difficult to process new knowledge, you miss out on thousands of dollars of potential income each month.

Realistic Trainings

Why is realistic training a financial benefit of implementing VR in corporate learning? Because it also translates into higher income.

The case here is simple: more realistic, immersive VR corporate training is of a higher quality. This means that your employees learn how to handle particular situations in their jobs even more effectively than during any traditional training. As a result, they get even better at their jobs, which means that they generate higher income for your organization.

Conclusions

As you can see, there are quite a few financial benefits of VR in corporate learning. Some of them are quite obvious, while others might be a bit less apparent. Nevertheless, investing in virtual reality for corporate training is an excellent option that will help you optimize your organization’s finances, drive additional income, and reduce operational costs. So, do not feel discouraged by the initial investment – it does pay off.

Did you find this article helpful? In this case, we recommend reading: How Can Businesses Benefit From Metaverse?

Author: Rafał Siejca

Rafal has over twenty years of corporate experience, including roles at Millennium Bank, Comarch, and leading software teams at PZU, one of Europe’s largest insurance companies.As one of Poland’s few true VR experts with a decade of experience, he ensures timely, high-quality project delivery as CEO and CTO.