The following options could provide savings
Posted: Wed Feb 12, 2025 8:43 am
DISADVANTAGES OF THIS METHOD: If your total payroll costs are in the millions, it makes a huge difference whether you invest 1% or 5% in training. Also, in times of high employee turnover, it can be difficult to estimate total pay.
How to save money on employee training
No matter how hard you try and how well you argue, you know what will most likely happen next: Your CFO will look at your draft budget and tell you it's too high and needs to be cut.
Even if your board miraculously approves your budget proposal on the first go, it's important to identify areas in your budget for potential cost savings and efficiency gains so you have more flexibility in the future if needs or priorities change.
Use user-generated content. Your own employees have a wealth of knowledge that can benefit the entire japan telegram data company. Using existing knowledge for reusable training not only gives your best employees the chance to show off their skills, but also lets you save money on content creation. You can find more information about this here , for example .
Start a mentoring program. The growing number of mentoring programs in companies of all sizes not only increases the feel-good factor for employees. Mentorships offer an opportunity for cost-effective informal training that also trains important leadership skills.
Take advantage of the power of smartphones. According to Gartner, by 2022, more than 75% of smartphones used in companies will be owned by employees (the full study results are available to Gartner clients in English). Take advantage of this fact and keep mobile devices in mind when creating training so your employees can learn at home and you can save on technology expenses.
How to save money on employee training
No matter how hard you try and how well you argue, you know what will most likely happen next: Your CFO will look at your draft budget and tell you it's too high and needs to be cut.
Even if your board miraculously approves your budget proposal on the first go, it's important to identify areas in your budget for potential cost savings and efficiency gains so you have more flexibility in the future if needs or priorities change.
Use user-generated content. Your own employees have a wealth of knowledge that can benefit the entire japan telegram data company. Using existing knowledge for reusable training not only gives your best employees the chance to show off their skills, but also lets you save money on content creation. You can find more information about this here , for example .
Start a mentoring program. The growing number of mentoring programs in companies of all sizes not only increases the feel-good factor for employees. Mentorships offer an opportunity for cost-effective informal training that also trains important leadership skills.
Take advantage of the power of smartphones. According to Gartner, by 2022, more than 75% of smartphones used in companies will be owned by employees (the full study results are available to Gartner clients in English). Take advantage of this fact and keep mobile devices in mind when creating training so your employees can learn at home and you can save on technology expenses.