How to Pay for Your Employees' Training

Paying for your employees to receive training can greatly benefit them as well as you and your organization. It can improve employee turnover, job satisfaction, morale and self-confidence. Being able to educate your employees on the job skills needed to achieve success in the workplace is an incentive to do well. There are many options for training, and you will be able to justify costs by the improved efficiency and productivity of the employee.

Things You'll Need

  • Employee training plan Training budget
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Instructions

    • 1

      When you hire new employees, make their training part of their benefits package. By being able to count training as part of employee benefits, you are justifying the costs and ensuring that all employees will receive continuous or yearly training. There are many different types of business and employee training. Make sure to choose the best option for your organization.

    • 2

      Get group training. Many training organizations, like Fred Pryor Seminars and Skillpath, offer private group training that takes place in your office. By paying a flat rate for a training session, you are able to have an unlimited number of employees attend the training. You can also get group rates on public seminars. Many corporate training organizations offer discounts for three or more employees attending one public seminar. Audio conferences are also another affordable option for large groups of employees.

    • 3

      Employ an inside trainer. Many large organizations have a full-time trainer for their employees. This allows more customized training topics specific to the company and provides unlimited training throughout the year. The trainer will also be an up-to-date resource that is always available for any employees of the company who may have questions after the training about what points were covered and how to implement them correctly into the workplace.

    • 4

      Use online and audio/visual self-training. Enrolling employees in an online training program or buying training materials on audio CDs or CD-ROMS allows employees to learn at their own pace and continuously be able to refer back to the training material. This is a very inexpensive option as all employees may share one CD or CD-ROM program.

    • 5

      Provide tuition remission. By offering scholarships and grants for employees who wish to continue their education at a higher learning institution, you are ensuring you have the educated employees who can easily earn an advanced degree (this also greatly reduces employee turnover and is a great incentive for prospective employees). Several colleges and universities offer online, night, and weekend programs where employees can attend school and still work full time.

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