Don’t break the bank: All you need to know about low-cost employee training

Training is one of the most essential investments for businesses.

But let’s admit it. It’s expensive. And it’s also one of the first things that companies decide to cut when they need to reduce expenses.

According to Training Magazine’s 2021 Training Industry Report, the training cost per employee is an average of $1,071. This can become a true hurdle for your company’s training budget for developing employees.

But at the same time, not offering career and development opportunities could mean that your people don’t have the chance to grow their skills. And as a consequence, they will decide to look elsewhere for a job. Somewhere where they’ll have more opportunities for growth.

It’s getting obvious that quality employee training and development shouldn’t be overlooked.