On April 20th, I have the honor of representing my organization in an open panel discussion with esteemed colleagues from some of the largest global brands. The topic of conversation won’t be centered on the monetization of big data, managing asset efficiency or any of the other “sexy” topics of the month.
Starting a new enterprise is a rewarding but tumultuous experience. The journey is riddled with uncertainty, hidden pitfalls, competitors, and grueling hard work. All of this is compounded by the fact that very few startups or small businesses have the infinite amount of experience, time, human capital or capital to weather all of the potential storms that lie in wait. In today’s business landscape, developing the right product or service is not the only parameter for success. Perhaps equally as important is the timing to market and ability to adapt to market forces.
Having a successful innovation program is more than just simply crowdsourcing ideas, more than a sophisticated tool to manage it, and it’s more than throwing money at something and expecting great things to happen. It’s more than process improvement and it’s more than simply trying to squeeze money out of a mature process or product. Innovation is different…It looks different, feels different, acts different, and sounds different.
We know all business managers would love to be able to cut their costs and expenses and boost their revenues as often as possible. Unfortunately, this is easier said than done, and it requires hard work, perspiration, inspiration, and a stroke of genius from time to time.
But how does investing in enhanced office safety measures to increase your business productivity sound? Like a complete nightmare you don't want to hear anything else about? Well, you wouldn't be the only business manger to have this reaction! The truth is there are quite a few studies that will tell you that it is possible to increase productivity once the degree of safety at the workplace also goes up.
A Safe Workplace Will Minimize Your Downtime
No one wants to see their employees waste precious time at the job simply because they are incapable of resuming their activity because of a safety concern. A key getting lost or someone breaking into the their storage room could put your entire manufacturing activity on hold. Having items or machinery stolen from you will most certainly put you in an almost impossible situation where you can no longer continue to produce your goods.
The more downtime you can reduce, the better off your productivity levels will be. As for an office workplace, you can think in terms of IT infrastructure.
Having your employees or workers suffer any kind of accident or injury will cause them to become less reliable and able to perform their duties.
The safer your work environment, and the harder it is for potential intruders, vandals, or burglars to get in, the better. Your employees will feel more peace of mind knowing they are well protected against this type of physical security threats.
Take a look at a few locksmith rates for commercial services in town and see exactly what they can help you with. A reliable Whitlock with lots of experience in the field could help you assess the state of your current locks and padlocks on your doors, windows, drawers, safes, cabinets, and storage rooms. They can also provide practical solutions in the form of installing or re-keying locks, or servicing existing locks, cutting duplicate keys, including master keys for better key management, installing alarm systems on the premises, as well as safety bars, small-keyed locks, and/or alarm sensors on windows, especially for ground floor facilities.
Safe Employees Are More Engaged
Once you will manage to develop a powerful safety culture, you will manage to boost employee productivity by close to 25%. At the same time, statistics show there will be a decrease in your costs by 20%. So it's definitely worth looking into the idea.
A safe workplace also equals one where all operations and tasks are performed ideally and under perfect parameters.
Since employees are able to fully focus on ther work and not have to worry about any hazards they might be threatened by, they will perform a lot better. They will also maintain their workspace a lot cleaner and better organized, which will also increase their levels of efficiency.
Starr & Associates understands how to use the tools of business intelligence, analytics, and data mining to improve process efficiency and customer service. Our industry focus is diverse and includes public sector, healthcare, manufacturing, mining, and telecommunications. We use proven practices and technologies to improve productivity and reduce costs. In this article, we hope to present to you some of the best tips and tricks out there to use technology to improve your productivity!
Productivity: An Everyday Struggle and an Opportunity for Growth
Consumers should understand that technology can be a blessing or a curse for productivity. Increasing productivity with technology is possible when the right tools are utilized. Determine where you need a productivity boost in your everyday life and if there is a tech tool readily available to fill that gap – chances are, there is.
Based upon the information gathered in an online performance evaluation, managers can compare current skills with those required for advancement or other recognition or reward opportunities that present themselves as the manager tracks progress on employee goals throughout the year. Generally speaking, employees want to be appreciated for their hard work.
Productivity in an Exemple Setting
Productivity measures the economic performance of the resources employed in creating the casino product. For tourism and hospitality firms, variations in productivity are caused by differences in production technologies, resource availability, input quality, and economies of scale and size. Despite the growth in legalized gambling, there have been few studies investigating productivity among gaming firms. This is a sorrowful development – one can wonder why an industry as large as gambling industry does not have proper productivity metrics, given its importanct to world economies.
Despite the practical difficulties in measuring the economic output and input of casino gaming, data released by the industry suggest that this is a very productive sector. In principle, while social costs associated with the provision of casino gaming may downgrade its productivity, promotion of investment, production and consumption of non-gaming services.
Work in casinos (as anyone will tell you) involves a lot of paperwork; so much so, in fact, that you might feel very overwhelmed by all the paper. Remember the “Four D’s” when handling paper:
- Dump it
- Delegate it
- Delay it
- Do it.
After you have delayed something, allow sufficient time to see if you need to act on that particular item. If not, toss it. Don’t gift wrap the garbage. It’s not necessary to do insignificant tasks perfectly.
With turnover rates near 80% in the casino resort industry, you need to ensure employees are not only happy, but providing exceptional guest service. A good suite of casino resort-specific solutions can help you manage employees in all parts of your business from table games and retail, to housekeeping and events. Owning a casino is so much more than a simple business operation – the limits of your organization skills will be tested, and they will be tested severely.
Many casinos are asking their dealers and pit bosses to run manual processes such as using a hand ‘clicker counter’ to record cash drop and enter data into an ‘hourly pit sheet’ when they should be managing a table and looking after customers. It is now possible to automate these tasks. There isn’t a single excuse in the world not to do this; it could make or break your business.
With labor costs accounting for between 50-70 percent of all operating expenses in a casino, don’t over staff and spend or under staff and lose revenue opportunities. Efficient and effective work schedules are the key to keeping costs down and maximizing revenue. Monitoring staffing and fine-tuning schedules daily will help them be at their top approach.
Of course, you can take the simple approach and simply open one or many new online casinos. This will allow you to work with minimum staff. The issue here, of course, is that people are generally much less trustworthy of online casinos; however, you can end up being in a positive end of the scale by the fact that you don't have that many salaries to pay. The choice is completely up to you.