A good rule of thumb is that companies should spend from 2 to 5% of their total salary cost on training in order to increase employee engagement, retention, and productivity.
Use the following tips to make the most of your employer’s training budget:
- Information – know your company’s benefits policy (there may be flexibility). Many companies have a budget for post-graduate courses which could be used for ACCA or CFA courses.
- Present the benefits for your company when you ask for budget approval, for example: Development of English, technical knowledge and professional experience; giving teams the skills needed for the organisation’s success.
- Have answers ready for possible objections.