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Training on a Budget

Posted by: Rod Kurtz on February 26, 2007

If you’d like to offer employees training opportunities but funds are currently a bit tight, don’t despair. With a bit of creative thinking, there are plenty of ways to provide your staff with on-the-job training without blowing your company’s budget. Here are some suggestions:

• Form a training co-op. The American Society for Training and Development (ASTD) suggests teaming up with other small companies to offer joint courses for your employees.

• Take advantage of training offered by the manufacturers of equipment that you buy. Have training included in the purchase agreement.

• Find out if your employees can take part in training programs that major customers have for their own employees.

• Encourage employees to participate in educational opportunities offered by their unions or professional associations.

• Train one employee to train others. ASTD suggests sending one employee for training and sharing what he or she learns with the rest of your staff.

Ken Yancey
CEO
SCORE
Washington, D.C.

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