Choosing the Right Corporate Training

According to a Gallup Poll, 80 percent of employees said the availability of company-sponsored training programs was a factor in deciding whether to accept a new job or stick with a current one. And yet the Bureau of Labor Statistics says that the average number of hours of formal training per employee per year is only 10.7.

More companies are starting to realize that it's smart to invest in training, but faced with so many choices, how can an organization make sure it's getting the most out of its educational investment?

What do you need?

Training can take several forms, from simply encouraging subscriptions to key trade magazines to reimbursing tuition for degree programs. Before you decide where to put your training dollars, it's vital to do a full needs assessment. This might involve polling general employees one-by-one during evaluations or en masse via e-mail polls. It could even mean asking customers where they'd like to see your company improve in areas such as customer care, product innovation, communications technology or billing.

Another piece of needs assessment weighs training outcomes against big-picture strategies and operational requirements. It's relatively simple to evaluate individual progress, but if the company as a whole doesn't gain a competitive edge by saving money, processing information faster, serving customers better, decreasing harassment complaints - or whatever the goal is - then another training method should be considered.

Which Type of Training?

After the needs assessment, you then need to analyze which type of training is best for your company. Below are the most common training formats and the pros and cons of each.

Online Training

There are literally thousands of online options available; some involve weekly e-mail correspondence with a teacher, while some are automated, set-your-own-pace programs.

Pros:

• Access to world-class instructors and institutions, without travel costs.

• Flexible scheduling for participation at home or during lunch hours.

• Generally less expensive than traditional classroom courses.

Cons:

• Requires self-imposed discipline and focus.

• Little social interaction with other students and teachers.

• Assumes some level of technical competence.

Onsite Training by Consultant

If many people in the company need to be trained at once or if training is for onsite computers or equipment, then bringing a trainer to the office may make the most sense economically. This method also works well for personalized subjects, such as supervisory skills, fair hiring practices or anti-harassment.

Pros:

• Travel time and costs for employees are negligible.

• Curriculum can be customized for company's specific needs.

• Equipment or computers they're learning on are the same they'll be working on, so there's no time wasted on irrelevant information.

• Third-party trainer brings teaching expertise and a non-biased approach to the classroom.

Cons:

• People may find it hard to stay away from their offices to attend classes for the time required, which defeats the purpose of training.

• Consultants may not be familiar with your company's equipment or computers, or you may not have adequate facilities for lectures or interactive education.

• Expense for high-quality instructors is relatively high.

Onsite Training by Company's Own Management

Many companies send a few employees to training, then they rely on those people to come back and spread the knowledge to the team. Or, they create their own courses and enlist employees to impart their wisdom on colleagues.

Pros:

• Less costly to send just one or two people to training.

• Encourages employees to educate others about their expertise, often resulting in greater awareness and communication among departments.

• Allows facetime and open discussion among colleagues.

Cons:

• Teaching abilities vary greatly; there's a high risk that some instructors will not communicate information well.

• Planning and teaching take away time from core responsibilities, which may hinder overall productivity.

• Employees may feel inhibited to ask questions or challenge information.

Offsite Classes at Training Center or Community College

Nearly every metropolitan area has a community college that offers adult or continuing education classes. Some cities also have learning centers that offer courses taught by successful entrepreneurs or industry gurus.

Pros:

• Standard agendas every semester ensure some continuity in the information learned.

• Courses are taught by professionals with industry experience and teaching ability.

• A mixture of on- and off-line classes is often available.

Cons:

• Courses may span several weeks, too long to hold some employees' attention.

• Unless prerequisites are required, students at any level may participate, forcing the teacher to pace the class for the lowest-common denominator.

One-off Seminars

For specific or motivational topics, employees can attend one-shot "celebrity" seminars, given by professional speakers or executives. Several non-profit and professional organizations also hold development courses, designed for busy people who need fine-tuning in one area.

Pros:

• Easy to evaluate the quality of the presenters based on testimonials and past reviews.

• Poses an opportunity to network with industry colleagues.

• Introduces outside-the-company-box ways to approach challenges.

Cons:

• Some seminars are mainly venues for authors/speakers to sell books and other products.

• One-time events encourage new thinking, but unless employees act on their ideas immediately, there may be no long-term behavioral change.

Degree Programs

For employees who want to get to the next level or change their career focus, offering to cover all or some credits towards a degree ensures that they stay at their jobs as they increase knowledge and enhance skills. Many companies require that employees stay with the company or repay some of the tuition money if they decide to leave after receiving the degree.

Pros:

• Encourages employees to continue their core education and contribute more to the company's general knowledge base.

• Attracts motivated, dedicated employees who want to learn.

• Prompts employees to work towards their dream jobs, fostering a happier and more productive workforce.

Cons:

• Programs can be intense and may exhaust employees to a point that detracts from their on-the-job performance.

Regardless of the type of training that you decide to offer, it's important to gather constant feedback, to make sure you're always spending your money and time wisely. Perhaps you'll find that you need to offer more than one type, so employees with different learning styles can get the most out of the training. And don't forget to sign yourself up-employees at every level can benefit!

About The Author

Jeff Turner is the President of Praxis HR and a Seattle-based authority on high-impact human resources, organizational development and training practices that help companies increase their profits by investing in their human capital.

He is on the SBA's National Advisory Council, serves on the Board of Directors of the Seattle Society for Human Resources Management, and is a member of the Labor & Employment Law section of the Washington State Bar Association.

To contact Jeff, or for more information on training that ensures more productive and smarter employees, or to sign up for our short monthly e-newsletters, visit www.praxishr.com, e-mail us at info@praxishr.com, or call 206.262.8133.

TEXT-S&P revises Apollo Investment Corp outlook to stable Reuters (The following statement was released by the rating agency) -- Apollo Investment Corp. (AIC) has announced changes in management, a reduction in its dividend, and adjustments to its investment strategy. -- In our view, changes to the firm's investment ... Apollo Investment Changing Strategy, ManagementWall Street Journal Company News for February 9, 2012Zacks.com Apollo Investment's CEO Discusses Q3 2012 Results - Earnings Call TranscriptSeeking Alpha Economic Times -Tech24 all 28 news articles »

Integrated Asset Management Corp. Announces Results for the First Quarter of ... MarketWatch (press release) TORONTO, ONTARIO, Feb 09, 2012 (MARKETWIRE via COMTEX) -- Integrated Asset Management Corp. ("IAM") /quotes/zigman/18979 CA:IAM -7.14% today announced unaudited financial results for the quarter ended December 31, 2011. Review of the 3-Month Period ... and more »

Edgewood Management Holdings in 4th Quarter: 13F Alert Bloomberg Top Positions by Market Value Company Name Ticker Market Value Current Change (USD $) Position In Position Celgene Corp CELG US 424280043 6276332 -33371 QUALCOMM Inc QCOM US 397587935 7268518 -21149 Visa Inc-Class A Shares V US 389712244 3838395 ... and more »

USA TODAY

Oracle to Pay $1.9B for Taleo, Extends SAP Rivalry ABC News Oracle Corp. is escalating its rivalry with German business-software maker SAP AG with a $1.9 billion purchase of Taleo Corp., a company that helps businesses hire and manage their employees. The proposed purchase announced Thursday extends Oracle's ... Oracle buys talent management firm Taleo for US$1.9BITWorld Canada Oracle to pay $1.9 billion for personnel software company, extends rivalry ...Washington Post Oracle to pay $1.9 billion for Taleo, extends SAP rivalryUSA TODAY all 411 news articles »

Mildred Hailey to Retire From Bromley-Heath Tenant Management Corp. Patch.com Mildred Hailey to Retire From Bromley-Heath Tenant Management Corp. The Jackson Square housing development will be run by the Boston Housing Authority, at least in the short term. By Chris Helms It's the end of an era at Bromley-Heath, as the woman who ... and more »

VIST Financial Corp. Announces 2011 Fourth Quarter and Full Year Operating ... MarketWatch (press release) VIST Financial Corp. is diversified financial services company headquartered in Wyomissing, PA, offering banking, insurance, investments, and wealth management services throughout Berks, Southern Schuylkill, Montgomery, Delaware, Philadelphia and ... and more »

State Street's Powers Seeks to Expand Active Money Management Bloomberg Scott Powers, head of State Street Corp.'s investments unit, said the Boston-based company is looking to increase its active management business. ?We're focused on broadening out our active capabilities,? Powers said during a presentation in New York ... and more »

Baja Mining Files Management Information Circular and Exposes Mount Kellett's ... MarketWatch (press release) VANCOUVER, BRITISH COLUMBIA, Feb 09, 2012 (MARKETWIRE via COMTEX) -- Baja Mining Corp. /quotes/zigman/31250 CA:BAJ +4.30% (otcqx:BAJFF) today advised shareholders that it has filed and is mailing its Management Information Circular for a Special ... and more »

Owl Creek hedge fund cuts stake in Navistar Reuters Feb 9 (Reuters) - New York-based Owl Creek Asset Management, a $7 billion hedge fund, reported a 7-percent stake in truck and engine maker Navistar International Corp, down from an 8.4 percent stake in December, a regulatory filing showed on Thursday. and more »

Globe and Mail

Thomson Reuters posts loss, $3 bln goodwill charge Reuters ... management shakeups in 2011 to address lackluster performance in Markets and a slumping stock price. This resulted in the exit of then CEO Tom Glocer, who had helped engineer the acquisition of Reuters Group Plc by Canada's Thomson Corp in 2008. Thomson Reuters hit by US$3-billion goodwill chargeFinancial Post Thomson NEWS.GNOM.ES posts loss, $3 billion goodwill charge (NEWS.GNOM.ES)NEWS.GNOM.ES (press release) all 68 news articles »