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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
Washington, D.C.

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