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How Small Businesses Can Make Employee Training Affordable

Updated: Mar 25, 2023

Affordable Small Business Training

In today’s increasingly competitive and complex work environment, employee training is critical for all businesses, regardless of size. As is the case with larger organizations, small businesses can expect several powerful benefits from the implementation of an effective employee training program.

Improved Productivity

Well-trained employees are more productive and efficient, which can increase the overall productivity of the business. They can complete tasks faster and with fewer errors, leading to higher quality work and improved customer satisfaction.

Increased Employee Retention

Offering employee training can help to improve job satisfaction and increase employee retention. When employees feel valued and invested in, they are more likely to stay with the company long-term.

Adaptability to Change

Small businesses need to be adaptable to change in order to survive and grow. By providing regular training, businesses can keep their employees up-to-date with the latest industry trends and technologies, making it easier to adapt to changes in the market.

Improved Customer Service

Employees who receive training are better equipped to handle customer inquiries and provide high-quality customer service. This can lead to increased customer loyalty and a positive reputation for the business.

Enhanced Safety

In industries where safety is a concern, employee training is essential to ensure that employees are aware of and follow safety protocols. This can help to reduce accidents and injuries in the workplace.

Employee Training Topics of Interest to Small Businesses

The specific training topics for small business employees will depend on the industry and job responsibilities, but here are some general training topics that can be beneficial for most small businesses:

  1. Customer Service: This training can cover topics such as effective communication, conflict resolution, and handling customer complaints.

  2. Sales Techniques: This training can teach employees about effective sales strategies, such as identifying customer needs, handling objections, and closing sales.

  3. Time Management: This training can help employees prioritize tasks, manage their workload, and improve their overall productivity.

  4. Technology Skills: This training can cover topics such as using software programs, social media, and other digital tools to improve efficiency and effectiveness.

  5. Leadership and Management Skills: This training can help employees develop skills such as delegation, decision-making, and problem-solving, which can help them progress into management roles.

  6. Diversity and Inclusion: This training can help employees develop a better understanding of cultural differences and promote a more inclusive workplace.

  7. Cybersecurity: This training can help employees identify and prevent cybersecurity threats, such as phishing emails and malware attacks.

  8. Compliance and Regulatory Training: This training can help employees stay up-to-date with industry regulations and compliance requirements.

  9. Health and Safety: This training can teach employees about workplace safety protocols, first aid, and emergency procedures.

Small Business Strategies to Make Employee Training More Affordable

Small businesses may have limited resources when it comes to employee training, but there are several ways they can make it more affordable. Here are some ideas:

Use Online Resources

There are many free or low-cost online resources available for employee training, such as YouTube tutorials, online courses, webinars, and podcasts. These resources can be accessed by employees from anywhere, at any time, making it a convenient and cost-effective option.

Create a Mentorship Program

Pair experienced employees with new hires to provide on-the-job training and guidance. This can help save on the cost of hiring external trainers and create a positive learning culture within the organization.

Offer Cross-Training Opportunities

Encourage employees to learn new skills and take on additional responsibilities within the organization. This can not only save on the cost of external training but also provide employees with new opportunities for career growth.

Utilize in-House Expertise

Identify employees with expertise in certain areas and leverage their knowledge to train others. This can also help to create a culture of continuous learning within the organization.

Partner with Local Organizations

Look for local organizations, such as community colleges or non-profits, that offer training programs at a reduced cost or for free. This can be a great way to provide employees with access to professional development opportunities while also supporting the local community.

About LMS Portals

At LMS Portals, we provide our clients and partners with an affordable SaaS-based, multi-tenant learning management system that allows you to launch a dedicated training environment (a portal) for each of your unique audiences.

We offer a complete library of ready-made corporate training courses, covering most every aspect of corporate training and employee development.

Our platform includes an embedded course authoring tool that enables most anyone to build engaging courses quickly and easily. So you can build your own courses, utilize our off-the-shelf library, or some combination of the two.

If you choose to, you can create Learning Paths to deliver courses in a logical progression and add structure to your training program.

The system also supports Virtual Instructor-Led Training (VILT) and provides tools for online coaching and social learning.

Contact us today to get started or visit our Partner Program pages

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