Alltopstartups
  • Start
  • Grow
  • Market
  • Lead
  • Money
  • Guides
  • Interviews
Pages
  • About
  • Advertise
  • Contact
  • Homepage
  • Resources
  • Submit Your Startup
  • Submit Your Startup Story
AllTopStartups
  • Start
  • Grow
  • Market
  • Lead
  • Money
  • Guides
  • Interviews
85K

Save Money, Add Quality: Thrifty Employee Training Tips for Small Business Owners

  • Thomas Oppong
  • Oct 6, 2016
  • 3 minute read

You have to be savvy with the financial and physical resources that are at your disposal when you are running a small business, but you also want to be competitive, which is why it often pays to find a way to give your workers the training that they need.

Some aspects that might be relevant to your business, such as powder coating system for example, often require specialist help for best results, and you can read Reliant Finishing Systems for more on that, but if you can find some ways to train your employees on a tight budget.

Make the most of what you already have

There is plenty of data around to suggest that if you look after your workers and give them adequate training and opportunities to progress, there are much less likely to leave you, which is why it makes good sense to encourage experienced workers to train up new recruits who don’t have the same level of knowledge or expertise.

Even in a small business, it is normally possible to find trainers within your organization, even if they don’t think they currently have the skills to train others.

If you can find a person who displays good communication skills and has the experience along with the diligence and patience to teach others, it could be money well spent investing in teaching them how to train others or getting them to attend some classes to learn how to do it.

The positive benefits attached to this move, would be that your in-house trainer will feel valued and probably enjoy the extra trust and responsibility given to them, while at the same time, you will have created a training structure that will produce better trained workers, without spending as much money on teaching each new employee.

Make the most of government incentives

Another obvious resource to explore would be to find out what training and development programs you might qualify for as a small business.

Getting the chance to enjoy some professional training facilities without it costing you very much or anything at all, is a real no-brainer. There are apprenticeship grants and numerous other programs to explore, so it is well worth trying to find out what you might be entitled to

Online learning can often cost less

Sending your workers on a training course or paying for someone to come to your premises in order to provide some onsite training, can soon get very expensive, and it can be a struggle for a small business to justify the outlay.

A perfectly acceptable alternative that could end up costing your business a lot less but without compromising on quality, would be to consider some e-learning training and development programs.

It is not just the cost aspect that may appeal about this option, as online courses often offer a greater amount of flexibility in terms of giving your workers the chance to complete their learning within a timeframe that suits them as well your business too.

A flexible training schedule offers numerous positives, not least the fact that the cost of this training will often prove to be less than most other training options.

Trade association training

It is often worth joining your trade association or any relevant trade groups, as you might discover that as well as getting the inside track on what is going on within your industry, you might just find that they offer some sort of training program.

Some trade associations include complimentary training opportunities and seminars, which would make the cost of trade membership seem even more worthwhile if that was the case with your industry trade association.

Target your training needs

No business owner likes to waste money unnecessarily, which is why it is important to take the time to consider your specific training needs.

Try to analyze where your business might specifically need to improve and then allocate your resources to lug that particular gap. If you manage to identify which employees need some training and in what areas, it should end up as a bit of a win-win scenario, as worker morale will be higher if they feel they are being invested in, and you will end up with a more qualified workforce in return for your targeted investment.

If you identify some ways to achieve your training goals in the most cost-effective way, you should definitely be able to save money and add quality at the same time.

This post was written by Leon Whittaker. Leon has years of experience in business management and training staff. His articles are published on numerous business blogs around the internet as he shares his invaluable information with a wide online audience.

Thomas Oppong

Founder at Alltopstartups and author of Working in The Gig Economy. His work has been featured at Forbes, Business Insider, Entrepreneur, and Inc. Magazine.

Latest on AllTopStartups
View Post

Disruptive Business Models: How Entrepreneurs are Challenging Traditional Industries

View Post

How to Market Your Startup: 4 Helpful Tips

View Post

The Pros and Cons of Moving Your Business Abroad

AllTopStartups
Published by Content Intelligence Media LLC

Input your search keywords and press Enter.