TIPS TO DO MORE WITH LESS " T "BUDGET .

In this article I will give you some tips on how to achieve most from a Reduced Training Budget and to continue meeting our employee needs .So lets read down ...

1)What's essential to the survival of the Business :: We need to sharpen our focus .We shud determine what is critical for the business & utilise the financial resources in those areas .

2)Cut travel costs ::Airfare , lodging and meals for dozens of employees for a week can be prohibitive .Instead we can bring one trainer to the employees or better still we can conduct the training via video conferencing .Investigate measures with low cost or rather free of cost .

3)Mentoring Programs :: we can create a formal mechanism for mentoring and coaching of junior employees through a structured program . Our experienced employees can get handy during this time . What do you think??

4) Job Swapping :: Helps employees to learn skills from each other on the job . It requires just no budget .

5) Tap Free Resources :: Incentivize employees to attend free seminars and conferences that can increase networkoppurchunitiesand get exposure to up-to-date topics .

6) Develop In House Trainers :: Companies can use idle internal resources for taking training sessions across different locations . The employees who volunteer for such can be given an additional point during the performance review . This position will be favourable to both .

7) OnLine Training :: With technology advancing everyday to te next level , online training can take care of our routine trainings like INDUCTIONS. Moving courses online reduces travel , instructor and vendor costs.

8) Increase classroom Fill in Rates :: More participants attending one session mean signaficantly fewer sessions required in a year .

9) Eliminate Catering ::Either catering shud be completely avoided or participants can be given a lunch break during the session where in they can be asked to go out for lunch or can have their tiffins therein .Yes , they have to bring in tiffins like any other routine day .

10) Various Inhouse exercises :: like GD's , debates will encouage healthy team building exercises .Internal Seminars and conferences can be conducted in house .All these will only foster learning and sharing in the organisations .