Use It Or Lose It: How To Make The Most Of Your Training Budget Before Financial Year End
As the financial year comes to a close, it’s time for operations and HR departments to spend leftover budgets – what better use for this money than to invest in training and qualifications?
It’s difficult to find budget – or time – for career-improving qualifications. If you have spare cash left over from this financial year, and need to spend it to avoid budget cuts for 2018-19, now could be the perfect opportunity to get you or your team some education and training.
Today, a high proportion of employees have a degree in the field, or some level of formal training. All too often, though, this is front-loaded at the beginning of their careers and doesn’t take into account their career progression.
What are the benefits of undertaking more training now? As with the yearly budget, training is a case of ‘use it or lose it’. If you or your employees could do with a confidence boost and the chance to focus on enhancing their communication, presentation and digital skills, then the LEAD21 Leadership & Management Courses from Educ8 could help them progress in their role.
LEAD21 offers a digital-based course, an ILM3 or ILM5 qualification might sire all kinds of new insights into how to achieve better results right now – benefiting your business in the year ahead and beyond.
Where is your business headed in 2018?
If 2018 is going to be a year of growth for your business, don’t forget the value of a leadership and management course can help you prepare your future managers now. Every employee comes with certain characteristics, but some things such as good digital literacy, leadership qualities and presentation skills have to be taught.
So, whether you’re thinking about doing your own job better or helping your team to excel – perhaps it’s time to put that spare budget into some carefully chosen training?
Grant Santos, CEO of Educ8, suggests that today’s managers work in a fast-paced environment and the advert of digital has been transformational. “Digital technology is an integral part of any leadership role, it’s evolution has created an inevitable skills gap. There is a need for today’s managers to have a firm foundation of core skills which can serve them long-term, as well as specific technical skills required for their individual role.”
High-level managers who are new to their positions might benefit from leadership training, to enable them to create a motivated, connected team. It is equally important for strategic management to invest in up-skilling to help them discover the best ways to achieve their business growth targets.
Mid-level managers might also benefit from leadership training, especially if they are looking to move up to a more senior position.
If you have remaining funds from the 2016/2017 budget allocated for learning and development, take a look at how you can make the most of it.