How do you balance the cost and value of subcontractor training and education?

2 Choose the right format

There are many ways to deliver training and education to your subcontractors, such as online courses, webinars, workshops, coaching, mentoring, or peer-to-peer learning. The best format depends on several factors, such as the complexity and urgency of the topic, the availability and preference of the subcontractors, the cost and effectiveness of the method, and the feedback and evaluation mechanisms. You should also consider the benefits and drawbacks of each format, such as the flexibility, convenience, engagement, interaction, and retention of the content.

4 Share the responsibility

Another way to balance the cost and value of subcontractor training and education is to share the responsibility with them. You don't have to bear the entire burden of providing, paying for, or managing the training and education. You can also encourage your subcontractors to take ownership of their own learning and development, and support them with resources, incentives, or recognition. For example, you can offer them access to online platforms, discounts on courses, bonuses for completing certifications, or testimonials for their portfolios.

5 Evaluate the results

Finally, you need to evaluate the results of the training and education you provide to your subcontractors. You want to make sure that the training and education is effective, efficient, and impactful, and that it leads to positive outcomes for your business and your subcontractors. You can use various methods to measure the results, such as surveys, tests, feedback, reviews, ratings, or metrics. You can also use the results to identify the strengths and weaknesses of the training and education, and make adjustments or improvements as needed.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?