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    Employees taking continuing education classes

    Continuing Education for Employees: 8 Ideas That Won't Break the Bank

    YEC
    Company CultureCompensation & BenefitsStaffing & HROperations

    Continuing education is crucial for not only improving skills, but making sure your company is up-to-date on the latest industry research and developments. Learning new tricks or approaches gives access to different ways to solve problems and keeps you from getting into a mental rut.

    Education takes time, however, and there's only so much time in a day. To find out the best ways to help your staff to keep learning, we asked eight members from the Young Entrepreneur Council the following question:

    Q. What is one way you use continuing education or training to keep your team members at the top of their game?

    1. Attend industry events

    Industry events can be a complete waste of time or they can be incredibly valuable. The right industry events will have presentations covering the latest industry trends that your team needs to be on top of. To see if an event is worth going to, take a look at the speaker list and content topics. Aside from the presentations and classes, general networking at the events is also beneficial. —Andy Karuza, FenSens

    2. Use online courses to develop new skills

    We encourage our team to take online courses that develop new skills so that they can expand their roles within the organization. This includes our content team, which has added graphic design and coding skills to help with projects. They enjoy the growth opportunities. —Angela Ruth, Calendar

    3. Form a company book club

    We've always set aside time for personal development, but we recently saw enthusiasm spike when we set up a company book club through BetterBookClub.com. We decide what books are on the reading list and assign points to each book, depending on its overall value to the company. As team members complete books and earn points, we hand out awards and gifts to keep the momentum going. —Nathalie Lussier, AmbitionAlly

    4. Fund employees' continuing education

    I encourage my people to continue their education, and I support them by compensating them for the costs whenever it's appropriate. This is pretty open-ended, so they can pitch the kind of education that interests them. I also have a list of books on Amazon that they can get paid back for purchasing. —Adam Steele, The Magistrate

    RELATED: Ten Employee Training Tips

    5. View webinars

    I encourage team members to view webinars in their spare time. Since there's no set timetable as there would be with traditional continuing education, they can be watched at the employees' leisure. Webinars are available on just about any topic that can help team members stay on top of their game, with sales being one of the best categories. —Andrew Schrage, Money Crashers Personal Finance

    6. Get alerts on developments

    My team and I have set up alerts on Google for when research or news relating to meditation or women’s wellness is released as a way to stay up-to-date. We also share important articles or books with each other and discuss not only the main ideas, but ways we can incorporate the information to strengthen the company. —Mark Krassner, Expectful

    7. Share the knowledge

    The quickest way to make continuing education, training, or conference insights stick and spread is to require people to share what they've learned with colleagues. Perhaps it's a regular "what I learned" feature on a company blog, an internal podcast, or a larger-scale monthly "lunch and learn" focused on sharing internal knowledge. The key is to make sure that people are teaching others what they learn. —Hugh Weber, Institute of Possibility

    8. Let people learn through handling low-risk projects

    Everyone has a skill set that they want to grow, and the best way to do it is to get hands-on experience in an actual business context. If there's a relatively low-risk project that one of your staff wants to take on, push them to own it and learn from the process. Know in advance that the work won't get done as efficiently as if you had given it to a more senior team member, but it will foster long-term growth. —Roger Lee, Captain401

    RELATED: 11 Fun Team-Building Activities That Won't Break the Bank

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    Profile: YEC

    Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most successful young entrepreneurs. YEC members represent nearly every industry, generate billions of dollars in revenue each year, and have created tens of thousands of jobs. Learn more at yec.co.

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