You might have studied during college that for a company’s success in the long run, employee satisfaction and internal communication are important things to keep in mind.

Well-trained employees, who have sound knowledge of what their firm’s motto is a must for a successful business venture.

Sadly, in today’s bad global economy, whenever a small company sits down to discuss the numbers, the first thing that is targeted is the budget allotted for employee training.

This might seem like the right thing to do for the present situation. However, if you think about the long run consequences, you will notice that you risked the productivity and employee morale while trying to save some chunk of money.

Is there a way where you can train your employees without spending too much?

Here are some tips that you can consider:

• Optimum utilization of your employees
  If your staff consist of about 3-7 people, then you can get involved in business training the employee or personally supervise and monitor their business training. But this becomes a problem as your firm expands. How can you manage the business training at such times? Your answer is the current employees. The current employees are the best brand promoters you can hire. Partner the new hires with old employees and ask them to help them figure out how things are done in your company and how they can speed up and increase productivity.
• Make your employees jack of all trades
  You already might know that in small businesses, everyone does everything. Cross training is a common practice in small firms, where every employee is trained to be equipped and ready to do almost all kinds of work. To start with, you can tell the new hires to shadow someone who is already doing the job and after a week or two encourage them to handle things on their own. Keep rotating roles of the new employees to give them a fair idea of all the departments of the office.
• Use online training courses
  Today, you should no more rely only on manual employee business training. You can make use of the various useful online courses that will help your new hires develop new skills at their own pace. Online courses also give the employees a plethora of options to choose from which makes learning fun. Try finding a free or a cheap online course and encourage your employees to use them.
• Encourage the millennials
  Today, the new generation or as we call it millennials that are entering the workforce are finding the old training sessions outdated and monotonous. To ensure that you keep them interested, try to incorporate new contemporary tactics to train them. Remember that sitting in a conference room and listening to a lecture might not be how millennials picture themselves to be trained. Add online interactive business training programmes that will keep the millennials engaged.
• Measure their success
  Before you start with your training programmes, let the new hires know that they would be assessed based on how much the training impacted them and their performance. This will ensure that they take the mentoring program seriously.

Remember that even without a formal employee training, you can still communicate your small business’s goal and make the employee understand how he or she can become an asset to your firm.