In line with the Government’s end of year Budget, and knowing that training (and marketing) budgets are the first to be reduced when financial decisions are being made, here are my 8 Quick Tips for saving money and training your staff on a Budget.
- Before you spend any of your training budget, carry out an internal Skills Gap Analysis and/or Training Needs Analysis to assess the skills gap in your business – some training is superfluous and/or is not being correctly thought through
- Ask your staff – they are best to tell you what training they need for the job they are currently doing (or being promoted to do)
- Determine what training is beneficial to the business immediately and what other training is needed, but is not so important right now, but that can be budgeted for next year – perhaps some areas of your business need more attention than others
- Set out your training objectives in line with the business plan, what do you want the training to achieve for the business, department, team, employee – make sure your objectives/decisions are SMART – specific, measurable, achievable, relevant and time-based
- Consider cutting costs by focusing your training on key individuals – for example, senior staff could be trained to provide coaching or mentoring and more experienced colleagues could be trained to train new recruits
- Use specialist external training providers if you lack internal resources or know-how; staff training can be booked in advance and invoiced later!
- Look at flexible training options which can minimise disruption to your business – early morning training or weekend training
- Finally, review your training programme to ensure your training is structured to meet your employee’s career objectives, your business objectives and most importantly your firm’s financial objectives!
About the Author
Jannette Brimm is a business skills trainer. After being approved by the SRA in 2013 to deliver training to solicitors, Jannette set up SKILLSSANCTUARY Ltd, the Chancery Lane based business soft skills training company for solicitors only.
Working in the legal sector for 27 years, Jannette Brimm has provided business support to solicitors at law firms such as Dentons, Maples and Calder (Cayman Islands), Watson Farley and Williams, Wedlake Bell, Eversheds and Mayer Brown.
She is a business skills specialists, TAP accredited trainer, runs business skills workshops for NQs, Junior Lawyers, Associates and Partners and supports all law firms’ solicitors development programmes.