Search Your Company For Extra Cash

Does the supervisor of your mail room understand how that department makes money for the company? Does your administrative staff know how to increase the company's bottom line?

It's easy for employees to begin to view their jobs narrowly and forget that they may be able to contribute to the economic health of the business.

Financial books with coins and cash on top of it.

Ask your staff, including managers and supervisors, to compile a checklist of ways that each department can meet — and exceed — the company's profit projections. If they know what to look for, your employees will come up with dozens of suggestions. After all, they are in the best position to recognize waste and suggest ways to economize or make better use of resources.

Example: One large company used hundreds of window envelopes every payday to deliver paychecks to employees by interoffice mail. Since there was no writing on the envelopes and they were never sealed, the envelopes were still in perfect condition, yet employees simply discarded them after removing their paychecks.

The payroll clerk suggested putting a bin in each department where the envelopes could be collected and used again the next payday. It was a simple step but it cut down on the cost of supplies, and allowed conservation-minded employees a way to feel good about saving paper. Of course, the company could also switch to direct deposit to pay its employees.

Here's a Handful of Other Steps:

Once your employees understand how they can contribute to the bottom line, higher profits will be close behind. While the country is in the grip of COVID-19, this may be more important than ever.

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