Tag: effect

Multiplying Yourself for Maximum Effect

A recently popular topic of discussion in internet forums is the value of affiliate programs with two-tiered commission structures. Are you better off participating in a program that pays you a large commission on all of your sales but nothing on the sales of people who sign up as affiliates through your site. Or … are you better off getting say 10% less on your personal sales, but getting 10% commission on the sales of all sub-affiliates that sign up through your site.

Effect Of Bad Debts

What happens when you have a client that does not pay you for your services? What happens if a customer goes out of business before your invoice is paid? How will these events affect your own planning? Do you want to take a bad debt write off on your taxes? Do you want to try to include for these contingencies in your fee structure? Your answers to these questions will have a direct impact on how you operate your business.

Benefit from the Hawthorne effect

This is a phenomenon first noted way back in 1924 – several years before the era’s leading “can-do” guru, Herbert Hoover, led the nation into the Depression. Elton Mayo was trying to study the effect of lighting on productivity at a Western Electric plant in Hawthorne, Illinois. He divided workers into two groups. For the test group, he increased the illumination in their work area. Productivity went up. For the control group, he left the lighting the same. Productivity went up.

That made no sense to Mayo, so he tried another study. He took a group of female workers, gave them regularly scheduled rest periods, company paid lunches and shorter work weeks. Productivity went up. Eighteen months later, all those perks were eliminated. And productivity? It went up once again.

An Effective Employee Suggestion Program Has a Multiplier Effect

Empowered employees who actively submit improvement suggestions, give an organization a competitive advantage in generating cost savings, improving productivity and increasing efficiencies when/if a program is properly implemented. This article tells how a maintenance worker, a construction crew member and even teams have submitted suggestions resulting in very positive contributions to the bottom line. It is estimated that approximately 37% of submitted suggestions do have merit by saving an organization money, time and/or identifying strategies for increased effectiveness.

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