In the ring, in the red corner, we have big business who weighs in with the multi-million dollar employee training budgets. In the blue corner, we have small business with their limited training budgets. How do these two contenders stack up? Let’s see what the Canadian federation of Independent Businesses (CFIB) has to say.
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The above “Tale of the Tape” opens up a very real HR issue for small businesses. On-the-Job (OTJ) employee training has the potential to be a significant lost cost for small businesses.
All businesses, whether big or small, can benefit from the transactional and strategic advice of an HR professional. Are there costs with hiring an HR professional for a small business? Of course there are; however, there are also costs associated with poor employee engagement and high turnover rates – an HR professional can be instrumental in helping the small business improve upon these potential losses.
Small businesses can use the expertise of an HR professional to:
- Recruit employees with a better fit
- Evaluate training to improve effectiveness and efficiency
- Reduce training costs overall
Small businesses need to become more aware of the what as HR professional can do to evaluate and impove the true costs associated with employee training.
- Create a short presentation to deliver at a convention of small business owners. Your presentation should illustrate the importance of on-the-job training and how an HR professional can help improve training and reduce associated costs.