continuing development

GETTING YOUR COMPANY TO PAY FOR YOUR DEVELOPMENT

DON'T GET LEFT BEHIND

Change is the only constant. If you don’t learn new things or get better at what you do, you will be left behind. To paraphrase Darwin: ”Adapt or die”. And if you have made the decision to be a better boss, then you are already taking responsibility for your own self-leadership. Investing in yourself is always a good investment for your future earnings and happiness but investing in yourself can be expensive. Seeing as your company gets a lot of the benefits of your training it seems only fair that they help fund your training. 

This Module is Part of Boss Camp

Boss Camp will show you how to improve employee performance by showing you what they never taught you in school. The program includes topics such as:

  • How to motivate employees
  • What are bad employee motivators
  • What you must do as a manager but isn't on your job description
  • How leaders get power
  • Management techniques that don't take time

Get the Full Video Transcript Here...

Getting your company to pay for your development

DON'T GET LEFT BEHIND

Change is the only constant. If you don’t learn new things or get better at what you do, you will be left behind. To paraphrase Darwin: ”Adapt or die”. And if you have made the decision to be a better boss, then you are already taking responsibility for your own self-leadership. Investing in yourself is always a good investment for your future earnings and happiness but investing in yourself can be expensive. Seeing as your company gets a lot of the benefits of your training it seems only fair that they help fund your training. But many companies won’t unless you use these top 9 ways to get the company to pay for your training. And follow the tip at the end to improve your bonuses, promotions and increases.

Companies aren’t developing their employees

In the old model, employers took responsibility for your career development. But these days, no-one but you is responsible for making sure you don’t get left behind. Unfortunately the change to the workplace has meant that getting corporate funded development has gotten more difficult. That’s why I wanted to help bosses to get their development funded.

COMPANIES DO WANT YOU TO IMPROVE SKILLS. BUT ONLY ON THEIR TERMS

Firstly the key is to understand that companies actually do want their staff to get better at their jobs. What companies don’t want is:

  • To be paying a lot of money to develop skills that they don’t see as core to your job

  • For you to spend company time and money to make you more marketable on the job market. (it’s small minded thinking but unfortunately is true in some cases), and,

Short-term thinking means people need convincing that the returns are worth the investment of time and money.

So the main principle is to prove how the training is useful to the company. If you do this then the rest is easy.

MAYBE YOU CAN ALREADY AUTHORIZE YOUR OWN TRAINING EXPENDITURE?

Before we get into the 9 different ways, do you need to ask permission at all? If there is a budget available and the amount is within your authority limits you could go ahead and buy it. In practice this could be buying with a corporate credit card, making a purchase order or claiming it from your expenses. If you're not sure, ask someone first.

IF YOU DO NEED APPROVAL FOR TRAINING COURSES, THEN THE FOLLOWING WILL HELP:

IF YOU DO NEED APPROVAL FOR TRAINING COURSES, THEN THE FOLLOWING WILL HELP:

  1. Demonstrate that the training is directly related to company objectives. List real problems that you want to improve. Paint a visual picture and make emotive arguments;
  2. Don’t try to convince your boss to give you something that you want. Instead frame it in a way that is about giving your boss what she wants. This means looking at your job description, objectives and performance review development areas. Then link the training request to improving these items;
  3. Most decision making is emotional. But some companies and bosses just love (or need) numbers for justification. Do a mini business case. This looks like: ‘This training will cost around $1000 in fees, time and travel but it will allow me to save around 1 hour a week so it will pay for itself in about 3 months”;
  4. Understand the concerns that your boss has and offer to meet halfway. If it’s the price then get three different price options. If it’s the time away from your day job then offer to back-fill the time or to do it in your own time;
  5. Find the money. If the training budget is limited then see if you can plunder other budgets. For example sales and marketing budgets can pay for sales courses. Updating technical knowledge can go into a maintenance budget. Sometimes these budgets can sit in other departments. For example what about the corporate training budget;
  6. Ask at the right time. At the beginning of the financial year before the budget is gone or towards the end if there is any budget left over;
  7. Use tax incentives and grant money. A lot of governments promote learning and development with funding schemes;
  8. Follow up. The biggest reason why training doesn’t produce returns is because it never get’s put into practice. So suggest some sort of follow up. This could be a specific project using your training or offering to share what you learnt with the team;
  9. Do the legwork and seal the deal. Don’t make your boss have to investigate training options, budgets or do any paperwork. Fill in any company forms that your boss needs to submit. As soon as you’ve made your case specifically ask your boss for approval and get her signature;

If all else fails you may be able to make a claim against your taxable income.

GET RECOGNITION TO FURTHER YOUR CAREER

It’s good that you recognize the importance of improving yourself. But learning new skills is only one part of developing your career. Your boss needs to be aware of what you are learning and how you are putting it into practice at work. After doing your training give her an update in your next one-on-one. When your boss sees a return on their investment they will be more likely to fund your future skills development.

Super User Tip: When your boss sees evidence that you are getting better at your job this is going to help you get better bonuses, promotions and increases.

PS Want to invest in your own Management Skills? There are facts and figures to support your in the business case for manager training http://managerfoundation.com/blog/what-is-the-business-case-on-manager-training

Wrapping up:

Self leadership means taking responsibility for your own skills development so that you don’t get left behind. But that doesn’t mean that you have to pay for everything yourself if you can show the company how your improved skills helps with their objectives. Use these tips to develop yourself and not only will you be growing yourself, you will develop your career too.