How to Save Money on Training

In today’s competitive business climate, there is often pressure to cut costs wherever you can. You may be looking for ways to save money in the training your provide your employees. One thing to remember is some shortcuts can prove to cost more money due to their ineffectiveness. They fail to deliver what you want. here are some ways to accomplish real savings on your training program and still keep the true training value.

1) Use a live instructor.
Adults learn best by doing, practicing, and experiencing. Effective instructors customize their programs to meet people’s needs, provide counsel on individual challenges, and respond to questions. Videos, CDs, and E-learning are seldom effective for primary learning. Since the greatest cost of learning is the payroll cost of the participants, you want to make sure the program delivers results.

2) Hire external experts.
They can speak candidly about crucial issues related to complex work skills. They are free of prior encounters with your staff. And they bring a fresh, outside perspective based on a worldwide view (instead of an internal one). Those who specialize in one skill area have developed extensive knowledge. Ideally, choose one who has written books or published articles.

3) Include accountability.
Work with the instructor to develop a review and reminder process. Plan follow-up sessions to check on progress applying new techniques. Ask your staff to select one change that they plan to make and describe how they will apply it. Then monitor the application of changes being made. Include learning as a dimension in performance reviews.

4) Support learning.
If you’re the boss, set an example of active learning. Attend the workshop. Then use what you learned. Encourage others to apply the new skills and reward those who make a special effort to do so. Also, recommend articles, books, and other materials that support the training program. Create a work culture that recognizes learning as the key to excellence.

5) Buy smart.
Match the type of program with desired skills. Select programs that teach skills required to meet company goals. Buy programs that show practical techniques (instead of facts and trivia) delivered by experts who use what they teach.

Mark

Share
Published by
Mark

Recent Posts

Path for Successful Leadership

Regarding the general trends of enterprise security, going forward I see security as a must…

7 years ago

Mark Hamade: Ethics, Values and Knowbella Tech

I am a venture investor, public speaker and a conscious capitalist, which means I passionately…

7 years ago

Retaining Quality Talent in Your Organization

Organizations today are facing several challenges, and talent management is one of the greatest. Attracting,…

9 years ago

Dream Your Life – Impossible is Only a Word

Everyone, at some point of his or her life, has dreamed of being somebody special,…

9 years ago

Save Money and Energy Using Your Thermostat

During the summer months, do you have the air conditioning set low enough that it…

9 years ago

It Pays to Be an Optimist

"Two men look out through the same bars: One sees the mud, and one sees…

9 years ago