There have been a number of times in my career, where an employee has come up with a great idea or an improvement on an existing idea that helped boost revenue or cut unnecessary fat.
I like to call this acting like a consultant. It is a fantastic way to get more out of the existing staff. I think this is also a benefit of hiring multi-talented people.
As employees, we sometimes lose our way in the forest and only see the trees. Our day to day work dulls us to the point where we find it hard to come up with that next great idea.
Companies engage with consultants because as they are unattached, they can be objective and can have a very fresh outlook on an "old" business.
The problem with a consultant is they have no "skin in the game." They are paid for a specific function and usually leave before execution. If they are there for the execution, they are not the accountable party. After all, they came up with the novel idea; it must have been someone else that ruined it in the execution phase.
It is management's job to get the most out of the employees and this is one way to maximize the investment in your workforce. Encourage them to give you great ideas and reward them once they do.
For the employees, if we can think like a consultant and and then take action like an employee, we can grow businesses faster and more profitably.
Posts
0 comments: