Finances & Money

Practical Ways on How to Create a Low-Budget but High-Impact Training

Resourceful employees are a vital aspect of a vibrant and successful organization. It, however, takes an effort to put together such a team. The greatest strategy to achieve this is through training. In the currently tight economy, the budget is highly constrained. Training budget, especially, tends to get targeted for cuts in an effort to free money for other projects. This could potentially have negative effects on the organization in the long run.

Lack of staff training develops an inefficient team which might lead to lack of motivation and subsequently a high staff turnover. With higher staff turnovers, comes hiring costs to replace the employees and this can be a quite costly affair. An organization should incorporate practical ways on how to create a low-budget but highly effective training program.

The elements discussed below can help address this concern.

Assess Your Training Needs

Getting to know your staff training needs should always come first. This will greatly help you avoid conducting series of training that add no value to your organization. How do you go about assessing the training needs? Well, for starters, you have to integrate yourself into the organizational structure. Meet and interact with employees in all the levels of the organization and try to see things in their perspective. Ask about their goals, dynamics, and challenges. This puts you in a better position to evaluate their training needs

Join Associations

Ensure that you join relevant industry associations. They usually come in handy when it comes to staff training. It will generally cost you a small membership fee and periodic subscriptions, which is quite cost-effective. Most of them host annual or semi-annual training events for their member organizations. It is your prerogative to check and find out about their training opportunities from their communication channels.

Internal Training Ambassadors

This budget-friendly measure involves leaning on your own workforce to train other employees. The ambassadors could be identified by selecting team members with excellent communication and interpersonal skills. They should be good and patient enough to ensure that the training content is driven home. Before engaging them, first equip them with relevant skills and materials to further enhance their capacity.

Go Online

There is a lot of self-directed eLearning content online. Some of them are actually free! If not, they are mostly low-cost programs making them ideal for low-budget training. They offer a wide selection of online classes depending on your industry needs. Getting your organization registered with such courses is quite smart on a low-budget. Advanced Cardiac Life Support (ACLS) is one such course. If your organization is registered with it, ACLS online renewal feature helps you to renew your access to training content whenever needed.

Mentorship Programs

This is a low-budget measure with great benefits to your organization. It is an in-house program that pairs up less experienced employees with organizational experts, departmental heads. It involves a one-on-one approach where the seniors motivate and transfer their skills and knowledge acquired over time to their juniors. This program also works extremely well with new hires.

Content Curation

Consider content curation with the aid of a Learning Management System (LMS). Despite its high initial costs, the long-term benefits are immense. The system helps you sort through the vast amount of information on the web and identify that which is relevant to your organization. It equips you with quality information which a good starting point for your employees.

Make It Fun

This is a great way to involve your team members in training each other. Consider hosting weekly or monthly fun training events where each team member gets an opportunity to share on their areas of expertise. Have them integrate games such as Trivia, Untangle, and Leaderboards to stimulate employee engagement and content retention. Setting this up doesn’t require much investment but demands creativity.

A low-budget should not work against your staff development through training. Sufficiently trained staff is crucial to your organizational growth and you should always strive to have it so. Involving the practical tips shared above will enable you to turn around you low budget into a high-impact training.

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Susan Paige

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