The Economic Value of Your Employee
Unlocking the economic value of your employees.
This is not about how many units of production, or how many service calls or how many times the employee did wha i pay him/her to do. This is about unlocking of the knowledge and abilities of the people who come to work every day, do their job and then go home with all the unused capacity. This under utilized capacity is there for the asking, but requires you to do something first.
When you have done things to show that you value the person, the most outrageous employee is often the most valuable in terms of business improvement. The employee who challenges the leadership in public is most likely to be the one who understands our business and knows in his mind that we can be better.
His mantra is “in spite of this we make money”. Almost any change in the way we do business helps to make his day to day job easier.
Who is the only expert on any job? Most likely it is not the college educated person we pay the big bucks to. It is the person who does that job every day. Unleashing this gold mine is simple but difficult.
The secret- ASK!
“But I have asked many times.” How many times did you do anything with the information? This past week saw a very outspoken employee come up with an idea that will generate cost savings 10X his annual salary. We valued him. He told us his idea, we acted, fought the Engineer for him and he proudly told the division President about his idea and how much money it would mean.
ASK ME! I would love to tell you how to protect my job by being more efficient.
