97. How to Get Approval for a Professional Development Budget
About this Podcast
One of my top 3 values is growth. And based on the fact that you’re reading this right now, I’m guessing growth and learning are pretty important to you as well.
So sooner or later, you might find yourself in a situation when you’re craving to make an investment in yourself and experience accelerated growth.
I think this is particularly common in situations when we move into new or bigger responsibilities.
But what if your company doesn’t offer the training program you’re looking for?
You got three options in that situation:
- Let it be and not invest in any training
- Take charge and invest out of pocket (btw, about 50% of my clients do this because they know it’s ultimately about their career success and even a small bump in their year-end bonus will net out the upfront investment)
- Ask your boss for a professional development budget
And if option 3 is something you want to explore, then listen to this week’s podcast episode. I’ll walk you through the different aspects to consider and how to frame your request to make a strong case and get the support and training you need to rise to the increasing demands you’re facing.
And if you’re still unsure if it’s ok to ask, then this reference point might help: According to the Association of Talent Development (ATD) the average organization spent USD 1,267 per employee for direct learning in 2020 and the spending is on the rise.