I need guidance with designing a financial model for a training department. My department is growing and have recently received accreditation with merSeta however I need to change the mind-set of many who view L&D Department as a support structure that is pushing paper. I need to show the department as a self funding division that can generate profit.
Our centre is not open for public due to sensitivity of the business and ARMSCOR clearance will be require prior to extending our services to the public. The plan is to:-
- invoice business units for any training interventions to be conducted by the academy
- implement funded and non funded learnership
- apply for discretionary grants for skills programs
Any ideas will be highly appreciated.