Make the most of your training budget and meet your training needs! Part 1

August 2, 2016 - Tags: Employers Managing

Whether your budget is large or small, providing your employees with training opportunities is an essential part of improving performance and building a successful business. As an entrepreneur, you will need to identify what type of training best suits the needs of your business, as well as how you can fit training into your budget

What can you afford?

  • Begin by calculating the cost of training. Training costs typically include facilitator fees, materials, equipment and facility rentals.
  • Quantify the potential savings. Savings may include fewer errors in the workplace, less customer and employee turnover, increased productivity and increased income.
  • Compare the cost of training to your potential savings and create a business case based on the data you have gathered.

Discover your training options:

For some, employee training conjures up an image of an organized group training session led by a facilitator; however depending on the size of your budget, it may not always be the most plausible option. Here are some equally effective options to consider:

  • Structured vs. unstructured training:
    • Unstructured training, also known as “on-the-job training” is often free, or costs very little and may involve training employees through coaching, mentoring, or job shadowing.
  • Computer based training:
    • Computer based training is often low-cost and focused on achieving results.
  • Peer-to-peer training or train-the-trainer format:
    • If you cannot afford to send your entire team on a training session, send a few team members who can then teach their colleagues what they have learned.
  • Cost-shared training:
    • If you have your heart set on hosting a traditional training session, why not partner with another organization with similar interests and share the cost of training?

Training doesn't have to break the bank. If you can identify your specific training needs, you should be able to find an affordable option that will work for you and your business!


Comments

Posted by Canada.ca on January 16, 2017
Hello Leone,

Thank you for contacting Canada Business. We are always happy to help you with questions about starting or growing your business in Canada.

Our program search will show you government programs and financing available to help you hire and train employees. On the Program search page, you can choose the type of program you are interested in (for example, "Wage subsidies"). You may also fill in your province/territory, your industry, and audience type. Next, you will be taken to the search results page where you can choose the purpose of financing (for example, "Hire or train employees") at the bottom of the right-hand column.

On our Training page and our e-learning page, you can find training programs for both you and your employees that meet the needs of your business, from language skills to apprenticeship.

If you have further questions about starting or growing your business in Canada, please contact us. Thank you.
Posted by Leone on January 14, 2017
Options, funding to train & hire a native in the tech business.
Posted by Canada.ca on November 3, 2016
Hello Ghassan,

Thank you for contacting Canada Business. We are a government organization that helps entrepreneurs start or grow their businesses in Canada.

If you are a resident of Canada, please visit the Job Bank website to search for job postings that may be available in your area. You can also sign up for job alerts or join its job-matching service.

If you are not a Canadian resident, you can learn about your options and determine your eligibility for coming to Canada by visiting the website of the department of Immigration, Refugees and Citizenship Canada. You will find further information on job opportunities, work permits, and options for coming to Canada temporarily or permanently on the Work in Canada page.

If you have questions about starting a business in Canada, please contact us.
Posted by ghassan on November 3, 2016
i need a job to live in canada
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