Is Elearning Translation Worth Dollars To You?
If your commercial organization prepares elearning materials and is considering translation of elearning materials into a new language, the calculation of the value of this effort is something that will presumably be implicitly or explicitly made. A few value related data points follow:
- The global eLearning market will reach $325 billion By 2025
- Comprehensive training programs lead to a 218% higher revenue per employee
- Employers spending $1,500 per employee per year on training, achieve improvements in profit margins of around 24%
These numerical references and additional bullet points can be found in the linked eLearning Industry article.
Translating elearning materials into additional languages stands to further leverage companies’ elearning development investments. Development of original elearning materials can span months or even years. The translation process can often be completed in a few days so its costs are usually much lower by comparison, while expanding the potential reach and benefits of the elearning material to vast new audiences.
