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Canada-BC Jobs Grant 2016 & What Training Means For Your ROI

As of January 4, the Canada-BC Jobs Grant has re-opened to accept applications for employee training. Self-employed individuals, co-op students and interns are included as potential candidates for this funding. And, small businesses and many industries found in our region are included in the eligible sector list.

According to the CJG information, the purpose of these training grants are to “increase participation of British Columbians in the labour force and help them to develop the skills necessary to find and keep a job.” Time is of the essence. There is only so much funding to go around and this is an intensely popular government program, so it is critical that you get your application in as soon as possible.

Funding is approved on a first-come first-served basis and it’s important to note that our region is filled with eligible sectors. These include: Agri-foods, Aboriginal Peoples and First Nations, Forestry, Manufacturing, Mining and Energy, Natural Gas, Small Business,Technology and Green Economy, Tourism, Transportation.

Employers can apply for reimbursement of the Government portion of the training up to 2/3 of the eligible costs up to $10,000 per fiscal year (April 1 to March 31) and training must begin on or before March 31.

Don’t worry, I’ve done the research you! Visit the CanadaBCJobsGrant page on my website to find more information and links such as: Canada-BC Grant Eligibility Criteria, Canada-BC Job Grant Checklist,and a Canada-BC Job Grant FAQ.

So far you’ve learned that you may be eligible to apply for this funding and, if approved, 2/3 of the training will be covered by the CJG. And as if you need another incentive, consider this: training means better equipped employees who feel more confident in their roles. And increased confidence means higher efficiency, and an efficient employee is more productive. More productivity means a better bottom line.

How Does a 25% to 300% ROI From Training Employees Sound to You?

According to Canadian Business, the latest research reveals “the ROI from training employees in essential skills is higher than you may think… essential-skills training and other initiatives can actually make you money.”

The article continued, “One study, which looked at Canada’s hotel industry, found a 25% average return on investment for training programs, with some participating companies reporting returns as high as 300%. The research, conducted by Social Research and Demonstration Corp. (SRDC) for the federal government’s Employee and Social Development Canada, looked at direct benefits to business, particularly in improved oral communication and customer service. It found far-reaching benefits. “What’s surprising,” says David Gyarmati, research director at SRDC, “is that even adequately skilled people saw performance gains they wouldn’t have otherwise had.” See the entire story here: http://www.canadianbusiness.com/insights/literacy/

Training has so many benefits and with the possibility of grant money to help you and your employees get the training you need, you can make this happen. Please do not hesitate to contact me if I can be of assistance to you. And yes, I have a training program available that covers all the essentials for high performance in the workplace. Check it out here: High Performance Training Academy

For business coaching, including assessments, executive coaching, and training, I can be reached at [email protected] | 250-804-6922 | The Dream Room feat. The Executive Suite

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