Let’s calculate the costs of a one-day traditional coaching conference:
Renting a conference room in a large city for 8 hours for 100 people: 1500–2000 Euros / day
Branch specialist / coach: 1000–1500 Euros / day
Specialist-celebrity, trainer known in the selected industry: 2500–5000 Euros / day
Conference catering: 30–50 Euro / person (100 people = 3000–5000 Euros)
Adding the above amounts comes to a minimum of 8000–13 500 Euros. We didn’t add the logistics costs and their work time costs yet. A total of 100 people would spend about 20 000 Euros.
With this budget, you can order a lot more online training courses with a wider range of content. Employees can complete courses at any time and in any place. Each of them ends with a test and results you can easily analyze.