Peek-a-boo: How to uncover hidden employee training costs

Training isn’t cheap, but not offering employee development can cost you even more in the long run. Understanding all employee training costs, even those that aren’t so obvious, will help you provide useful content while staying within your training budget.

There are plenty of ways to cut spending when it comes to employee development. Some common workarounds include giving all employees a set amount of money per year to get training on their own. Or, creating a library of helpful books and resources they can borrow as needed.

But if you want a learning and development strategy that helps you achieve specific company goals, you need to plan it out more thoroughly. To pick the best approach, look beyond the price of a course and factor in all the associated employee training costs.