The current economy we find ourselves in isn’t a great one, and that means saving money is imperative. Businesses will live and die by the skill of their employees, but training budgets are often one of the first things to get cut. That’s sad, because although your employees may be functional, there’s always room for improvement!
So, are there ways to keep that training budget down while still producing results? Yes, yes there are. If you’re looking for advice, you’re in the right place. Whether you require medical, marketing or technology training, there are always ways to save money. So, this article will run down a few ways you can slash that training budget without completely getting rid of it.
- Let current, experienced employees train new ones
You may have some staff that have been with you for many years, and these are the ones who have a ton of experience. Maybe you spent a lot of money training them in the past, and not it’s their turn to impart that wisdom to your new recruits.
When you bring a new employee into your business, it can be hard to get them trained to a high standard quickly. However, if you have them shadow your longest serving, most respected staff members, they’ll pick up skills quickly. This also helps to increase staff productivity, as there will be two heads tackling a task instead of just one.
- Web-based courses and learning
There are many different fields you may need to train your employees in, and these fields usually require a lot of money. It can be quite expensive to acquire a fully trained workforce in a reasonable amount of time, but luckily, the Internet is here to help you.
For example, if you’re in the medical business, an EMT Online program is a great way to get your staff trained effectively and at a lower cost. Those whose businesses revolve around coding may want to seek the likes of CodeAcademy for some quick online help.
Web-based courses allow your employees to remain working in a full-time job while also gleaning valuable skills. They’re much cheaper than full-on classroom based courses too, and what’s more, they are every bit as effective.
- Hire unpaid interns
Sometimes, this is a business practice that is frowned upon, but it’s a great way to save money while providing valuable training. Hiring an intern means you can coach them in a way that suits you, with none of the costs. This also allows you to also only hire people that are committed to your business; after all, if they aren’t getting paid, they must like the work!
So, there are a few quick ways you can save money on staff training. Many business will quickly axe their training budget, but wrongly so. How can you expect to thrive with a poorly equipped workforce? It’s not a solution that is viable. Instead, focus on the areas that need attention, and only resort to the highest quality training. You owe it to your business.