This document provides 6 steps for maximizing training budgets: 1) Identify key skills and proficiency levels required for important roles 2) Assess employees' proficiency in key skills for each role 3) Identify skill gaps by comparing desired and actual skill levels 4) Implement individual development plans to address skill deficiencies 5) Adjust training strategy to address most pressing learning needs 6) Consider additional tips like web-based learning and capturing user-created training Implementing a competency management system to define skills and proficiency levels allows more informed training decisions.