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How to Choose a Cost Effective Training Provider- Dr Patrick White

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How To Choose A Cost Effective Training Provider

Dr Patrick White HRM Global Ltd

www.hrmglobal.co.uk +44 (0)2079399910

info@hrmglobal.co.uk

Introduction ................................................................................................................ 3 1 Define Your Training Needs And Limitations ...................................... 4 2 Solicit Proposals And Do Your Research ................................................ 6 3 Evaluate Expected ROI For Your Training Investment ................. 8 4 Negotiate And Customize Where Necessary ....................................... 9 5 Make Your Final Choice With Confidence ............................................ 11

© HRM Global Limited 2010 All Rights Reserved Note: By its nature, the material contained in this e-book has to be general and not intended as specific advice on any particular matter or situation that the reader might find themselves in. HRM Global Ltd and the author disclaim all and any liability to any persons whatsoever in respect of anything done by any such person in reliance, whether in whole or in part, on this e-book.

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Introduction
Training is no small item in the company budget, nor is it an activity which can ignored as a consumer of personnel resources. According to the 2008 American Society for Training and Development (ASTD) State of the Industry report, the average worker spends more than 40 hours a year at training. Best in class businesses provide upwards of 44 hours of formal instruction to their staff, at a total worldwide cost of more than £50 billion. Your company’s share of the worldwide bill for training programmes may be just a small sliver of the total, but that doesn’t make it an insignificant expenditure. This is especially true in these trying economic times. Though newsweeklies and finance pages like to tout the green shoots of

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