Posts Tagged ‘BusinessWeek’
Yet another BusinessWeek tip by Larry Myler: An Employee’s Value: Real vs. Perceived
Wednesday, February 17th, 2010
“I’ve found,” writes business strategist and author, Larry Myler in his latest BusinessWeek Today’s Tip, “That when employees use … non-value-added tactics, they are typically doing nothing more than attempting to make a good impression. They may increase their perceived value with the company, but that doesn’t increase profits. By rewarding real value and discouraging perceived value, a business can focus on providing higher quality for customers and a better work environment for employees…not to mention more profit for itself.
Businessweek Today’s Tip: Teach your employees about the bottom line
Tuesday, February 16th, 2010“Employees are often content to fly under the radar and have little vested interest in the overall success of the business beyond their own employment.
Sometimes you must be the teacher. Here are a few things you should do for your employees that will benefit both them and your business…”
BusinessWeek Today’s Tip: All dollars are not created equal
Monday, February 15th, 2010“… The majority of employees, managers, executives, and business owners think that every new dollar is of equal value to a company. This is not the case because the money produced through unanticipated cost reductions is actually more valuable to a company than the revenue produced through ordinary sales.”
“Typical sales dollars are loaded with overhead such as commissions, costs of goods sold, and general and administrative expenses. In other words: If a salesperson makes quota, it’s expected, but if a non-salesperson discovers hidden money, it’s a windfall.”
Larry Myler provides Business Week’s “Today’s Tip”
Sunday, November 1st, 2009“… your employees are not likely to give good profit-producing and cost-saving ideas if they’re contributing ideas in an anonymous box and aren’t benefiting from, or getting credit for, their suggestions. Instead, encourage your employees to find profit-producing opportunities and … encourage your employees to look at the feasibility of their profit proposal to make sure it will have a reasonably short pay-back time—and an adequate return on investment. “
