Monday, July 25, 2011

What Are Ways to Improve Your Company's Bottom Line

We all need to stand back occasionally and look at what is draining our business financially. Obviously, you know that your company has to sell a service or product in order to make money. So everything else within the business costs money: employees, electricity, rent, "ingredients" that make up the product or service, etc.

What is the biggest expense? The employees (salary, benefits, uniforms, etc.)! If your employees are high risk (unhealthy or clumsy, etc.), they will cost you/employer even more. How carefully do you screen your new hires? In addition, if you don't train your employees, can that cost money? Without Safety Training, employees could get hurt. $$$$

If you don't train your employees on good Customer Service Skills, they will be less likely to calm or keep customers returning. $$$$ If you don't provide Sales Training, your employees will likely be poor at sales. $$$$ Without Leadership Training or Management Training, your company leaders could run off good employees, costing you more $$$$.

Who in your company handles the hiring? Has that person(s) been trained to manage an "effective hiring process"? If not, they could be selecting poor employees, which costs companies even more $$$$.

Take time to provide your company with solid professional care! Talk to Compass Career Management Solutions!

Robyn Crigger, CEO

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