We can all acknowledge this is the most difficult economy any of us have ever encountered. In order to continue to grow we needed to become as efficient as possible. Recognizing that cost savings opportunities exist everywhere, we’ve reached out to our employees and asked them to contribute their ideas and suggestions for how to improve. And all it requires is a simple method to capture everyone’s suggestions.
In early 2010, during a company-wide meeting, we announced that we had created a new email address where employees could send their “just do it” suggestions to drive cost savings. Within an hour of the announcement we were receiving emails with a number of great ideas for cost reductions.
The ideas submitted ranged from significant changes in business processes to cut waste, suggestions for lower-cost alternatives for vendors we used, to suggesting that the cleaning crew only run the dishwasher every other day and canceling the weekend delivery of the newspaper. In one year the net result of these suggestions has been over 300 emails containing a sustainable annual cost savings of over $100,000! We’ve found that it is true what they say: “good employees are your most valuable assets”.
BUSINESS DEVELOPMENT DIRECTOR
PHONE: 763.412.3080 | FAX: 763.412.3180
MOBILE: 952.807.7529 | email@example.com
16355 36th Avenue North, Suite 100, Minneapolis, MN, 55446