Business training has both short term and long term benefits for your entire company…but many businesses still avoid it because of the costs. Not only are you (probably) losing valuable work time as employees are attending the training, but training content and specialists also cost money you may not have. Fortunately, we’ve got several ideas on how to develop employee training that won’t break the bank.

Create a Rotation

In a rotation, you only train a few employees at a time, then switch them out. This takes longer, naturally, but it’s a boon when it comes to savings. You don’t need as many free computers or workstations for training. Even more important is that you can keep core business operations running while training is going on. Don’t think that you need to train large batches of employees all at once.

Make an Open Online Space

Online materials are very important to employee training, especially as a long-term resource that can be consulted at any time. However, it’s also a good idea to create a forum, chat room, social network, or other option as an open space. That would encourage your employees to ask questions and discuss topics. This is a low-cost feature that can help get many important answers quickly.

Cross Train

Cross-training has many unexpected benefits. Even if employees are learning about something outside of their department, they will still understand more about how the company works as a whole. And in a pinch, they will be more prepared to take on other roles or expand into new areas. So if you’re setting up training for one department, make it easy for other departments to join in to maximize your benefits at the same cost.

Set Up an Efficient Training Space For Business Training

For serious training sessions, you need to create or use an education space. Since you probably don’t have a lot of spare equipment lying around, it’s a good idea to rent presentation and computer equipment for your training session or seminar. This is much cheaper than buying new equipment and ensures that everyone stays on the same page.

Create Future Contacts

Mentoring relations aren’t practical for every workplace, but should be encouraged when possible. One of the end goals of any training session should be to exchange contact info with students and teachers to help with networking.