Employee Training Services Procurement Intelligence

In this employee training services intelligence report, we have estimated the price of the key cost components. Employee training services involve various cost components, including content development, instructor or facilitator fees, technology and infrastructure costs, venue and equipment expenses, travel and accommodation costs, and administrative costs. Content development accounts for 30% of the budget, followed by instructor fees, technology and infrastructure, venue and equipment expenses, travel and accommodation costs, and administrative costs. Optimizing these components ensures effective training outcomes while managing costs efficiently. Off-site locations may also result in travel and accommodation costs.

The price of employee training services varies depending on the type of training, delivery format, number of participants, duration, expertise of trainers, customization, technology requirements, location, materials and resources, and evaluation and feedback. The price of employee training is significantly influenced by various factors, including the type of training, delivery format, number of participants, duration of the training program, expertise of trainers, customization, technology requirements, location, and evaluation and feedback mechanisms. Onboarding training for new employees typically costs between USD 500 and 1,000 per employee, while specialized skills training prices can range anywhere from USD 1,000 to 5,000 per employee. The duration of the training program also affects the prices, as longer programs require more resources and time to develop and deliver. Experienced trainers charge higher fees than less experienced ones, while customized training programs are typically more expensive than off-the-shelf programs. Technology requirements, such as simulations or virtual reality, also affect the price, with programs using technology being more expensive than those without. The location also plays a role in the cost, with high-cost areas typically being more expensive than lower-cost areas. Finally, evaluation and feedback mechanisms can increase the cost of a training program, as they require resources such as time and money.  

Order your copy of the Employee Training Services category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Operational Capabilities - Employee Training Services

• Industries Served - 25%
• Years in Service - 15%
• Revenue Generated - 15%
• Employee Strength - 15%
• Geographic Service Provision - 10%
• Certification - 10%
• Key Clients - 10%

Functional Capabilities - Employee Training Services

• Technical Training - 30%
• Soft Skills - 25%
• Quality Training - 25%
• Compliance - 10%
• Others Training Program - 10%

Rate Benchmarking

Rate benchmarking is a critical process for businesses to ensure they are getting a fair price for their employee training services. The employee training services category is highly competitive, and prices can vary significantly depending on a number of factors. For example,

By benchmarking rates, businesses can gain valuable insights into prevailing market trends, competitive pricing strategies, and areas where potential cost optimizations can be made. This information can be used to make more informed decisions about employee training services and to ensure that businesses are getting the best possible value for their money.

Supplier Newsletter

List of Key Suppliers

• Skillsoft
• LinkedIn Learning
• Pluralsight
• Cornerstone On Demand
• Udemy for Business
• OpenSesame
• GP Strategies
• D2L Brightspace
• SAP Litmos
• Coursera for Business
• EdCast 

Browse through Grand View Research’s collection of procurement intelligence studies: 

• Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
• Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape) 

Employee Training Services Procurement Intelligence Report Scope 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions