Friday, January 13, 2012

Shine By Finding Cost Savings for Your Employer

One way to shine with your employer is to find and propose cost-saving solutions. What employer doesn’t appreciate an employee who can positively impact the company’s bottom line! And, if you are ever back in the job market, actual experience and pertinent examples of how you saved your prior company money can be a real selling point with prospective employers.

Here are some ways you may be able to implement cost savings for your current employer; some are obvious, while others are often taken for granted but are equally important.

Find Ways to Increase Productivity

Look for ways your company may be able to increase productivity while saving money and maintaining quality. Consider process changes, technology solutions, or other creative ideas, even if they require changing long-standing processes or mindsets. Remember to present your ideas professionally, so as not to insult others or come across as a “know it all.”

Identify Problems Early

Problems can lead to unexpected costs, so it is usually better to identify and discuss problems up front, before they develop or grow. Even better¾come to the table with possible solutions to potential problems.

Be Mindful of How You Spend the Company’s Money

If you’re responsible for a project or department budget, be mindful of expenses. For example, when approving or booking business travel, book flights in advance and find hotels offering complimentary services, like free shuttle service or Wi-Fi. Be a good financial steward for and with your company’s money.

Use Time Wisely

An employer expects you to use your time wisely by prioritizing effectively, focusing on appropriate tasks, and being respectful of your coworkers’ time. These tips may seem obvious, but almost everyone has worked with someone who functions quite the opposite at work—surfing the Web for non-work information, arriving late to meetings, or distracting co-workers with idle chit chat. All of these interfere with productivity and, ultimately, cost the company money.

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