A Toronto-based insurance agency recently sought to provide emotional intelligence training for seven of its management-level employees. A training vendor they found to carry out the program informed them that using government grants could help more employees receive these valuable skills.
After applying for the Canada-Ontario Job Grant (COJG), the insurance company expanded training to include 38 participants. In total, they were awarded over $53,000 in training grants and will be more likely to carry out similar training programs in the future.
Emotional intelligence training is one of the many types of training that can be awarded with COJG funding. The program provides support for third-party training programs that have a direct impact on the skills and employability of trainees.
Emotional Intelligence Training Awarded Over $53,000 in Grant Funding
In recent years, the Toronto-based insurance provider’s employee count has grown by more than 80%. With a significant increase of young and diverse employees, the organization saw benefit in providing emotional intelligence (EI) training programs for seven of its managers.
“When I signed up for the training, I originally thought we’d only be training seven people.”
But after selecting a training provider, they were informed that a portion of the costs could be reduced through the Canada-Ontario Job Grant (COJG). The program provides up to 66% of training costs; this would help stretch their original training budget to include more participants, including non-management personnel.
As result, they connected with Mentor Works to help develop a government funding application that included a significantly improved 38 trainees. After approximately six weeks of submitting the application, they received confirmation that their COJG funding request had been approved. In total, the company was approved for $53,142.66 in government training grants.
“It would not have been possible to roll out [training] to the rest of our company without funding. Unless it’s specialized, getting an external provider of this caliber would be much too costly.”
Emotional Intelligence Training
Why is emotional intelligence so important for businesses? EI helps to recognise and understand one’s emotions and helps to deal with other people’s emotional states. In the workplace, EI is essential to fostering collaborative and agile teams. Some of its common benefits include:
- Better working relationships;
- Increased personal effectiveness;
- Improved analysis skills;
- Better self-management; and
- Improved leadership capability.
Emotional intelligence is not typically an area where businesses can train employees on their own. As result, businesses routinely look to external training vendors to provide their workforce with such skills. Luckily, the Canada-Ontario Job Grant can offset a portion of costs for emotional intelligence training.
How Training Grants Improve the Outcomes of Employee Training Programs
Accessing government funding for training programs enables businesses to grow faster and improve the skillsets of their employees at a greatly improved rate. Specifically, by obtaining training grants, such as the Canada-Ontario Job Grant, businesses may:
- Include more employees in training sessions;
- Reduce the cost of training;
- Improve access to high-quality trainers; and
- Improve operational capacity by reducing the amount of employee-to-employee training needed.
Access Government Funding for Training Programs
The Canada-Ontario Job Grant (COJG) offers funding to reduce third-party training costs by up to 66%. Businesses may leverage up to $10,000/trainee in Ontario government grants to support direct improvements in employee skillsets. Companies may apply for COJG funding every six months, making this an exceptional opportunity to boost the impact of most training initiatives.
If you are interested in accessing the Canada-Ontario Job Grant, please contact Mentor Works. Our team of Government Funding Planners can address eligibility factors and optimize the government funding process.
This post originally appeared on Mentor Works. Mentor Works helps established for-profit companies find and leverage Canadian business grants and loans.