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Corporate Wellness Advisor

A Pain-free Way to Cut Costs

August 4, 2010
Written by: Julie Bosche, Filed in: Corporate Wellness Programs
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A Pain-free Way to Cut Costs

In a struggling economy (or any kind, for that matter), everybody’s looking to save a buck.

That goes double for most companies, whose very survival depends upon being able to turn a profit.

That can be quite a challenge when you factor in all the expenses it takes to run a business successfully.

Of course, these expenses include being able to pay employees competitive salaries. (After all, you get what you pay for, and who can afford to skimp on their biggest assets?)

So, in many companies’ time of need, they turn to the concept of trimming the fat, cutting unnecessary expenses and hoping to see results without compromising the way they run their business or their employees’ job satisfaction.

And, as with diet and exercise, small changes can make a difference, financially speaking.

Saving money doesn’t have to mean cutting benefits, sacrificing your nice spacious office quarters and cramming the whole staff into half the space, or even reducing head count.

Before you take drastic measures, consider some that are easier for everyone to swallow.

Try these simple tips from AllBusiness.com:

  • Reuse common office supplies. The cost of replacing wasted paper clips, rubber bands, writing utensils, folders, and other small items adds up quickly. Instruct your employees to help save money by reusing these items instead of tossing them when they’re finished using them.
  • Conserve paper. Before you print, ask yourself if you really need a hard copy. If the answer is yes, make sure you do a thorough proofreading job before printing to avoid having to use more paper after you’ve fixed your errors.
  • BYOC(ups). Ask employees to bring their own coffee mugs and teacups to store in the break room, eliminating the need for wasteful disposable ones.
  • Get everyone on board. Once your staff members understand how even simple cost-cutting measures like these can benefit the company (and possibly salvage their jobs) in the long run, you should find plenty of active support. Get them to offer their own ideas about ways to save money.
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