5 Ways to Save Money On Employee Training

| December 1, 2013

Photo Credits: Social Place


Employee training is essential in many different ways, but in today’s economy many companies are trying to find ways to save as much money as possible and some training seminars in different industries are being affected. Below are five specific ways you can save when training employees – no matter the size of your business.

Five Tips for Saving Money on Employee Training

Here’s a rundown of five simple ways you can save money.

  1. Group Training – While having a professional come in to train your employees is nice, sometimes it’s possible to allow employees who have been with you a while and who are trusted to train new employees. You’ll want to reward them in some way for this added responsibility – and not make it available to everyone on your staff – but this can cut employee training expenses considerably.

  2. Create Own Materials – If you have an in-house human resources staff, allow them to come up with own worksheets and training materials rather than purchasing a system that’s already all put together. The cost savings on this alone can add up quickly. The important thing to remember is that all the training materials should be accurate and easy to comprehend.

  3. Remove Unnecessary Training – While you may think all training is essential and necessary, this is not always the case. If you can get rid of training courses that are covered in other training material, you can save quite a bit of money over a short period of time as well as in the long run. To do this, take some time studying new hires and ask their opinion about what issues they have the most problems with when they start working.

  4. White Label Courses – Buying a training course from a professional with a well known name is nice, but this can cost a lot of money. Instead, look for generic or white label e-courses and online seminars that can help train your employees without spending too much. The good news is that a lot of these are available online. Management should spend time going through them to make sure they will work for what you need.

  5. Online Training – Speaking of training courses, another way to save money while training employees properly is to utilize the Internet to your advantage. Even if you just move one or two training sessions online, this can save a bundle of money. From traveling cost to hotels or motels, online training makes a lot of sense in the 21st century.

The fact of the matter is that you need to train your employees, but in today’s market it’s important to pinch pennies wherever possible. By using the five tips above – and expanding on them – you’ll be able to cut down on how much you’re spending on training while still ensuring your employees know everything they need to do a good job at work.

Written by: Sara Xiang tells everyone she knows about Righttrack Consultancy because she was impressed with their website. She once designed a social media infographic about hiring consultants that was very interesting.

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Category: Business

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