If you’re a manager or an owner of a small business looking for a training program to boost your team’s performance, chances are you’re having a hard time finding a solution that fits all the requirements in your checklist.
Cost is one of the main considerations in choosing a training program, and finding a cost-effective training solution is a must for every business who wants to grow.
The Importance of Employee Training
As technology becomes more advanced and businesses become more dependent on modern applications, the need for people who are skilled in the digital landscape is a must.
Training allows businesses to keep up with the fast pace of tech innovations so that your team can use the tools they need to do more work in less time.
Another advantage of training is increased happiness and productivity levels among your employees. Training and development opportunities keep your employees motivated to do excellent work, which translates to more profit and growth opportunity for your business as a whole.
While the common reason managers shy away from training is due to costly seminar workshops, the benefits actually negate the expenses incurred. Think of it as an investment to your employees, which are your best assets. By allowing them to improve and be better, you’re setting your business up for growth and ultimately, success.
While cost is a top priority for managers looking for a training program, there are options that offer the same value for a lower cost. If you’re a small team and can’t afford an expensive training program, here are four solutions you can try:
1. Seminars Sponsored by Government Agencies
Government agencies such as the Department of Trade and Industry (DTI) often hold partnerships with training providers to offer conventions and seminars to the public at a lower cost. This is to encourage more growth and active community in local entrepreneurship, which is good for the local economy.
Topics offered are usually geared towards small and medium-sized enterprises (SMEs) and are about the anatomy of business, news on the local consumer market, and others. You can check out the list of training topics on the DTI website.
The Philippine Trade Training Center or PTTC, which is under DTI, also has affordable courses on their website, from learning the fundamentals of spreadsheet software to setting up an e-commerce website for your business. They have a schedule of training and seminars on their website that they update regularly, so be sure to check it out.
2. Product Vendors
You may be using devices in your business workflow that you bought from third-party vendors. In that case, you can check if they offer free training on the product that you availed. Many product vendors are more than happy to educate their customers on the inner workings of their product.
Unlike commercial training providers that offer “the best tips on how to use X software,” directly asking the vendors of the products you use for support on how to use their software gives you the same value without shelling out a huge chunk of your funds.
Check if the online conferencing tool you’re using for your business offers a free training your employees can take advantage of. Learning how to use your tools to their full potential is bound to increase productivity in the office.
The Go Negosyo Law mandates the creation of Negosyo Centers all over the country to promote entrepreneurship in provinces and stimulate the local economy. These Negosyo Centers are tasked with helping local businesses grow by providing skills and livelihood training, as well as assistance in connecting businesses to the right market.
If you’re a small business owner, then Negosyo Centers is your best friend. Get access to helpful training and mentorship with like-minded individuals by finding a Negosyo Center near you.
What if you can host a training program in your own backyard? In-house training is a low-cost option that works if you already have a venue for the training. Compared to training workshops offered commercially, you can cut down on costs by opting for an in-house training program offered by nearby training providers.
With in-house training, you also have to factor in other expenses like venue (if you’re renting a training facility), food, and airfare/transportation of your resource speakers, so it requires a little more planning. But once you’ve considered all these factors, in-house training may just be the right option for you.
Treating employee training as an investment rather than a cost to running your business is the first step in opening the doors to growth. Ultimately, the people you’re working with is the most important asset of your company, so not being stingy on employee training can pay dividends for your business.
Remember, these training options may be low-cost, but it’s still important to not compromise on quality and get the training program that suits your needs. Having a checklist is an easy way to speed through the consideration process and decide on the best training program for your team.