At Dynatech, we believe in the power of investing in our employees' professional development. It is essential for achieving success in today's fast-paced business world. However, creating effective training programs can be a daunting task, especially when resources are limited and the business landscape is constantly evolving.

Despite this, there are now several low-cost options for training materials from third-party providers such as Coursera, Udemy, and MasterClass. But the question is, can these platforms replace or even complement classical training programs tailored to each company's unique needs? 

Inna Solomatina, HR Director at Dynatech, believes that third-party training can be a quick solution to address specific skill or knowledge gaps, but it is still less effective than traditional in-house methods, which can bring about deeper behavioral changes and greater financial benefits for an organization. "By customizing training to the specific needs of the organization, employees can apply what they learn to their daily tasks, leading to improved productivity, higher quality work, and increased job satisfaction," she claims.

In addition, Inna points out that there are various ways to arrange in-house training and specifically highlights Dynatech's Friday Lectures initiative, which features lectures organized by employees who share their successes and failures. As she puts it, "conducting lectures organized by our employees who share their successes and failures is one of the great initiatives in our organization." Inna believes that this approach not only saves costs but also works as a potent motivational tool for employees to apply their skills and share their experiences.

All in all, while third-party training platforms can be a valuable resource for employers, many feel that they are not interactive or company-specific enough to meet their needs. Nonetheless, with several major players in the industry, businesses have a wide variety of providers to choose from, which helps keep costs down while contributing to the huge amount of available content.

To learn more about the pros and cons of third-party training programs, check out the full article here.