How To Put A Training Budget Together With Limited Funds

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This year you’ve got a training budget. Lucky you!

But it’s only enough to make you tear your hair out!

How can you make a big impact with a limited budget for developing your staff?

Well, here are some thought-starters:

Firstly, make sure that the budget you’ve been set is REALLY all that’s available.

There’s always something else that is more important to management than how much you can spend – the trouble is, they don’t know the implications of being stingy on the money front. It’s not as important to them as it is to you.


However, work with them on this issue. Empathise with the budget-setter about his budget dilemma and reassure him that you are both working toward the same end goal – a productive team that is trying to achieve business objectives.


You can then explain the consequences and long-term side effects of the implications of cutting the training budget.


Make sure you’ve got all your ducks in a row here. You can quote figures to determine the effects, but do your homework first. It will sound like you’re just whinging if you complain without essential back-up information.


If that still fails, discuss the situation with your training team and plan how you might be able to achieve a higher figure. Others may have ideas that you hadn’t considered.


Let’s assume that there’s no change, and you’ve got to live with it.


Then, just as when running a home with a limited budget, you’ve got to become creative and determine priorities.


One area you can look at is how communication with staff occurs at the moment.


Maybe, through a co-ordinated corporate communications plan, you can all come up with ideas that would be of benefit to the training receivers.


You could decide to train a small number of ‘key users’ of information to be mentors to others and have them cascade their knowledge.


This means a change of process for many, and a different training approach – mentoring needs a whole host of different skills. However, it could provide you with assistance from unlikely sources.


Aligned with this, consider using more one-to-one coaching with personnel who really need it.


Link with line managers to pinpoint specific people who would benefit from receiving such coaching and develop their skills quickly.


This might provide specific impetus to back up your request for more funds as managers see the benefits for each member of their staff.


Try distributing the training and reference materials that have already been printed to departmental managers or designated expert coaches with a short "managers as leaders guide" to support management in their departmental tasks of implementing training.


Middle managers could distribute self-help materials at the staff meetings. For instance, user manuals, check lists, job aids, FAQs etc. could be analysed and adapted to provide on-the-job learning as necessary. It’s not ideal, but may assist in developing skills on a short-term basis.


Focus on training options that don’t involve a traditional classroom setup (e.g. virtual classroom) and therefore don’t require the usual logistical expenses.


Get together with the IT department in your business to discuss the feasibility of electronic learning as an addition to any planned training.


Putting learning materials on the intranet or by using desktop learning might help some who either don’t have time for training away from the job or don’t see the benefit of it.
Check out the new methods of training that can provide excellent learning opportunities in much shorter time periods.


For example, many companies have incorporated accelerated learning techniques, along with NLP technologies, to drastically reduce training times.


We have been able to take 3 or 4-day courses and seen radical improvements by incorporating new strategies into one or even half-day programmes.


Feedback from these types of workshops has been excellent.


Delegates save time while learning more in their own learning style, and you save money by reducing the amount of time everything takes.


Ideally the budget should be set against the achievement of business objectives.


The cost to the company of replacing employees unable to adapt to new processes or ideas because of lack of training can be extremely high.


Analyse your priorities. Become creative in what you run. Re-think what methods you can use in people development.


A limited budget makes you become more creative by necessity. But it doesn’t mean you have to lower your standards.


By ensuring you still contribute to business objectives, you provide a foundation for increased funds when they become available.

 

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