Set up in-house training
Training resources and costs
Training may be costly, but it is crucial to ensuring that your business has the right skills to be successful. Training will also require resources and may require employees to be away from their posts while they learn.
In-house training
If you opt for in-house training, then existing resources may have to be diverted away from your core business activities and into providing training.
You may need to set aside facilities at your premises for training. This may include a room, PCs and other equipment, all of which will be out of use while the training is in progress.
You also need to consider internal staff costs of providing in-house training.
This includes training the trainer and the cost of an administrator. These tasks are given to an existing employee or you hire a temporary worker to fulfil them, and the cost of a dedicated trainer. If you don't have a dedicated trainer and nominate an existing employee to be the trainer, they will be pulled off their core duties for the duration of the training.
External training
External training is more expensive than providing training in-house, particularly for smaller businesses that cannot benefit from economies of scale. It has the least impact on your existing resources, although employees will be absent from work for the duration of the training. Costs can be managed by joining up with other businesses with similar skills needs. For further benefits of networking see our guide on learning through networking with others.
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