Sharing Savings from Improvements

Do you encourage employees to suggest improvements? Most often employees are closest to the business processes that they are working on; thus, they are in a great position to notice issues and recommend and implement improvements.

Entrepreneurs would be best served to implement some form of a continuous improvement program in their companies and have a culture of  “Doing Things Better.”

In order for the program to continually provide improvements throughout the company, Entrepreneurs should devise a system to share the rewards from improvements. The rewards should be meaningful and definitely motivational.

Experience has shown that involving employees in coming up with improvements; empowering them to implement the enhancements; monitoring the results; and sharing in the rewards is a blueprint for success.

If you need more information, please contact Patel CFO services at www.patelCFOservices.com

Ravi Patel

www.patelCFOservices.com

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