Buying a learning system? We can help
Every organisation is unique and so is every platform, which means that what works for one company is not necessarily ideal for another. This makes the procurement of a learning system a challenge. And the stakes are high because, according to Fosway’s Digital Learning Realities research, 51% of L&D teams think their current learning platforms are not fit for the modern workforce.
The research also shows that 92% of learning teams believe the digital learning experience is a priority and critical for the future success of their L&D team. As organisations look to support hybrid working and the mix of remote and in person learning it requires, so L&D teams must ensure they invest in the platform that is right for their organisation and its needs.
The first consideration is your available budget. Be clear exactly what the costs are. At Fosway we look at the Total Cost of Ownership (TCO) of a platform over its lifetime. TCO considers much more than the annual licence fees, taking in the full lifecycle cost of acquiring, implementing, and operating the solution.
Understanding the full range of internal and external costs associated with purchasing a learning system is key to ensuring there aren’t any hidden surprises in the procurement process.
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