Apr 16, 2014
Quick tactics to cut costs while maximizing your training program
You believe in training. Your CFO believes in cost cutting. How do you reconcile the two? The solution is finding ways to deliver more learning at less cost.
SilkRoad’s Top 8 Ways to Reduce Training Costs provides savvy suggestions to make a positive impact on the bottom line.
1. Master social learning – Getting peers to learn from each other is one of the most effective and least expensive training techniques. There are many, many different ways to enable social learning such as after-action reviews and knowledge cafes. Study these techniques and deploy them widely.
2. Support informal learning – People learn a lot informally. Maybe they get some coaching from a boss. Maybe they read a book. Maybe they take time to reﬂect on their work by writing in a journal every week. An active program to encourage and support informal learning can sometimes add more value than sending people on traditional courses.
3. Embrace YouTube – There are endless helpful training videos on the Internet. Encourage employees to seek them out and share the best ones. There are some dumb videos too, but have faith that employees can pick the ones that work for them.
Watch the SlideShare and download the rest of the Top 8 Ways to Reduce Training Costs.
Tell us your ways of reducing training costs in the comments below!
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