What do a top-rated airline and a furniture manufacturer in Michigan have in common? They asked for it! They asked their employees to contribute new ideas, and saved millions! A survey conducted by the Employee Involvement Association found that 299 members reported saving $2 billion by implementing employee suggestions. American Airlines spends $15 million annually […]
Management Asked For It!
What do a top-rated airline and a furniture manufacturer in Michigan have in common? They asked for it! They asked their employees to contribute new ideas, and saved millions! A survey conducted by the Employee Involvement Association found that 299 members reported saving $2 billion by implementing employee suggestions. American Airlines spends $15 million annually on a suggestion program that saves them $55 million. Haworth, Inc., the Michigan-based furniture manufacturer, saved $6 million in when 75% of their employees contributed new ideas, and nearly half were implemented (Source: John Naisbitt’s Trend Letter).
Here are six tips to make your own employee suggestion program profitable:
- Make it easy for employees to respond to your request. Use pre-printed forms and an easy-to-access drop box for replies.
- Ask for suggestions. Let your employees know that you truly value their opinions and ideas.
- Respond to each suggestion as soon as possible. Let the employee know whether the idea will be adopted, and if not, why not.
- Maintain an awareness of the program by placing periodic reminders in your newsletter, and publishing those ideas selected for implementation.
- Share the profit or savings generated with the contributor of the idea. Award the contributor a one-time bonus, or pay them a percentage of the funds saved or earned during the first year of implementation.
- Make everyone who contributes eligible for prizes and/or other forms of recognition.
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The First Internet TV Network Exclusively for Multifamily Professionals Multifamilypro announces a revolutionary new way for Multifamily Professionals to receive the information and insight they need to become more effective and successful in all of the major disciplines of our business including: Finance, development, leasing, marketing, management, operations, service, training, technology, and human resources, at […]
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