Training Budget

As a news venture, make sure to set aside money for training or professional development as part of your overall budget. Professional development should be considered a required budget item not an optional one. For the first year, if you can, estimate $500-$1,000 per employee if possible.

As stated in the Knight survey, many of journalists who responded said they were paying for their own training. Of those who responded, the journalists reported spending an average of $751 on training in the previous year.

Communicate to your staff how much each person has towards training or professional development. If your staff is aware of how much money they each have for training, they may be more likely to seek out training opportunities than if they didn’t know a budget existed.