How to manage your team's training budget with this simple template
Gain a better overview about who has received which training over the months and years.
As a team leader, you typically have an annual budget for professional development purposes that you have to manage. I’d like to share a simple template to help you with monitoring, documenting and planning.
🔗 Daniel’s Quick & Dirty Training Budget Template
Here’s how it might look like for your team in 2023 after some time:
Why you might want to use this
Your company doesn’t provide a useful overview to manage your training budget, especially across multiple teams.
Make sure you are spreading the budget effectively and fairly.
Keep track of open versus spent budget.
Ensure that your eventual successor doesn’t have to start from scratch.
To extend it with a history of professional development efforts per employee.
If your organization has a self-service approach and open culture where team members can decide how to use their budget themselves, this will be a good track record of who consumed what.
Spread knowledge and competencies in the team further through mentoring or training sessions.
How to use this training budget template
Visit this link: 🔗 Daniel’s Quick & Dirty Training Budget Template.
Make a copy to your Google Drive (File => Make a copy) or download the template as a Microsoft Excel file.
In case you want to use different currency, date or number settings and use Google Sheet, go to “File => Settings” to change the file’s locale as desired.
Use the 2023_Example sheet to add your headcounts (B1 cell) and budget per person (B2 cell). I usually make a new sheet for each year to keep things organized.
Start adding your employees in column A.
Start adding your professional development efforts (courses, workshops, conferences, books, you name it) in the yellow rows on the right.
I added some notes in the sheet directly to give a bit more context if you’re curious, but the template should be pretty self-explanatory.
Sometimes it’s the small things that can make a difference. I love using this template as a reminder to encourage team members in 1:1s to think about what they might learn next if they haven’t used any budget. I hope it’s useful to you.
Let me know if you have any feedback in the comments! 💬