Cost Cutting Proceed With Care!

1. Cost Cutting Proceed With Care!

2. Management Series

3. An inspiration from Management Article

4. Cutting costs is a necessity in today's economy, but beware: 1. Costs might not be the only thing you cut in the process. 2. Cut the Staff performance and productivity. 3. Cut the People's trust and morale, 4. Cute the team spirit you have carefully nurtured When you cut costs, you risk cutting these too. The good news is, it doesn't always have to be that way. With careful planning and implementation, there are ways to slim down your outgoings and run things more efficiently - without damaging the fabric of your team.

5. Your boss has just asked you to cut 10% from your department's budget, starting immediately. Easier said than done, right? As you carefully study your expenditures, you're faced with a seemingly impossible task. How do you decide what to cut? Where can you save the most money without hurting team morale, or lowering people's productivity? Should you eliminate coffee and morning donuts, or cut back on office supplies? Cutting Costs the Smart Way

6. Most organizations have to cut costs at some point. In today's economic climate, it's more important than ever for businesses to watch their budgets, and to make sure they eliminate any unnecessary spending. When cost-cutting is down to you, however, it can be difficult to know where to start. Cutting the right things at the right time is a delicate balancing act. Cutting Costs the Smart Way

7. Where to Start - Doing the Easy Things Once you sit down with your budget, there's a chance you might feel overwhelmed. While your team might not need everything that's on the list, some items - like company vehicles or holiday parties are nice to have. If that's the case, where do you begin? Cutting Costs the Smart Way