Tag Archives: cost

How The Absenteeism Rate Can Kill Your Productivity

How The Absenteeism Rate Can Kill Your Productivity

How The Absenteeism Rate Can Kill Your Productivity
How The Absenteeism Rate Can Kill Your Productivity

You have probably identified the main abilities that define a good employee for your company. You have recruited the right individuals and trained them accordingly, so these issues are successfully handled. But then, everything becomes history if your employees start missing. You are probably not absurd, so you can easily understand and plan vacations. But what do you do about absenteeism? Missing employees will drastically improve your expenses, so this phenomenon is never to be ignored. In order to ensure that you only pay real employees, evaluate your expenses and look for phantom workers. However, there are situations when these phantoms are simply not too visible. Continue reading

An Extra Pair Of Eyes For Cost Reduction – Why?

An Extra Pair Of Eyes For Cost Reduction – Why?

An Extra Pair Of Eyes For Cost Reduction – Why?
An Extra Pair Of Eyes For Cost Reduction – Why?

As a new director, do not be surprised if you see a worker pulling out a part from a box, throwing the box away, attaching a different part to the initial one and packing it in a new box that looks just like the original one. You should think about the possibility of cost optimization as soon as you find out that this is how they do it. In many situations, continuing such processes without questioning the procedures may waste the occasion to eliminate the losses.

Whenever I want something new or an improvement, I think about bringing new people from a different part of the company or perhaps a different domain too. They should not have any misconceptions. Generally, I would love someone who never hesitates to ask why. For instance, a lot of people start such conversations during their training classes. They assume that their ideas seem stupid, but why is everything done in a particular manner? Such interruptions inevitably lead to important discussions over fundamental things. Continue reading

A Small Drop In A Huge Ocean – How To Reduce The Water Consumption And Utility Bills

A Small Drop In A Huge Ocean – How To Reduce The Water Consumption And Utility Bills

A Small Drop In A Huge Ocean – How To Reduce The Water Consumption And Utility Bills
A Small Drop In A Huge Ocean – How To Reduce The Water Consumption And Utility Bills

Just like any other utility bill, the water bill must be properly analysed and administered. How much can you understand from your water gauges? Have you ever checked out the serial numbers on them? Do they match the numbers on the box? Make sure that you also inspect the installation place. You have probably heard already a lot of horror stories about people who did not just pay for their water, but also for their neighbours’ water consumption.

Even if you have actually bothered to check your bills, you can never administer the water costs in small details if you have no clue where it is actually used. According to Envirowise, you can save up to 30% on your water bills by implementing some simple and inexpensive ideas to minimize the water consumption. Repairing leaking valves and installing water saving devices might be your first steps in the process. Continue reading