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A Fortune 500 Company reduced its academy duration by 70% and saved over $240,000 by adopting cloud based on-demand virtual labs

February 24, 2017Leave a commentSuccess StoriesBy admin
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About the Client

The customer is a leading IT services and consulting company in the world and a member of the NASDAQ-100 and the Fortune 500.

The Situation & Challenge

 Wanted a ready platform to up-skill Level 2 & Level 3 resources & quickly respond to business opportunities

The organization was struggling to keep up with the business needs as their typical training duration to up skill, and make resources billable at higher skill rates was 12 weeks
Cost of training and certifying 100 Level 2 & Level 3 resources under as-is situation internally would cost the company: $340,000

The client engaged Labjump and adopted the Labjump platform with the objective to

  • Reduce cost of up skilling resources
  • Reduce duration of training for L2 to L3 & L3 to L4 competency levels
  • They wanted Initial batch of 100 L2 & L3 resources to be trained and up skilled
  • The client also wanted to have competency map driven training & assessments
  • Improve training effectiveness & throughput

The solution

Role specific scenarios’ based custom courses and custom labs for each competency level.

Assessments to ensure demonstration of hands-on ability & competency to troubleshoot top 20 to 25 on-job scenarios within 4 hours of assessment duration.

Basis the assessment Labjump provided the customer with a detailed competency mapping for entire batch basis smart reports & analytics

The tangible results

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    Total training duration including assessments was reduced to 4 Weeks which translated in overall training duration being reduced by 70%.

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    Total cost of training and certifying 100 L2 & L3 resources using the Labjump platform was just $120,000. Overall training costs was reduced by 65%

  • null

    Training effectiveness improved phenomenally and 90% of resources were deployed to live production environment post assessment by business

  • null

    As the trained resources were billable much earlier, the client managed to mitigate over$390,000 in opportunity Costs(considering billable rates for as-is levels, not post training rates)

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About

Labjump is a cloud based platform for training and assessment of IT IMS Professionals. With 40+ global customers across 9 countries, Labjump labs are used by IT Organizations and Training Service providers to identify the right talent, to accelerate the process of developing a production ready talent pool & to up-skill existing IT resource pools.

To enquire or to set up a free demo write to marketing@labjump.com

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Recent Post
  • reduce cost using cloud based labs
    The largest publicly held insurance company in America reduced cost to deploy production ready IT resources by 60%
    February 24, 2017
  • reduce cost using cloud based solutions
    A Fortune 500 Company reduced its academy duration by 70% and saved over $240,000 by adopting cloud based on-demand virtual labs
    February 24, 2017
  • production ready IT resources
    One of the largest training service providers in India moved from a CAPEX to OPEX model saving over 2Mn dollars annually
    February 23, 2017
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