Daily Archives: February 6, 2009

4 Things You Can Do to Help Your Company Save Money

When you turn on the news these days, you hear about companies cutting jobs to save money. In fact, the government just reported that the unemployment rate hit 7.6% last month. For once, I would like to hear about companies cutting costs to save jobs.

Not all companies can cut enough costs to save a lot of jobs, but it doesn’t hurt to suggest it. Talk with your boss or schedule a meeting with management to see what you and your fellow co-workers can do to help your company cut back on spending to save jobs. To help you get started, here are four ways to help your company save some extra cash.

Cut back on electricity. Whether you work in an office or in a factory, turning off lights and computers when not in use can save companies money on their electricity bills.

Clean up your own space. Instead of having cleaning crews come in to clean up around the office, offer to do it yourself. If everyone pitches in, you can save the company from having to hire an outside cleaning crew to clean up after you.

Take a cut in benefits. This is a hard one to swallow, but if you aren’t employed, then having benefits is the last thing on your mind. Offer to suspend some of your benefits for a predetermined amount of time until the company starts increasing their profit margin. Prioritize to keep the benefits that really matter – like insurance – and realize the rest may be optional for a time.

Reduce waste. Ordering office supplies can cost companies thousands of dollars every quarter, so to help your employer save money by reducing the amount of supplies you need, or combine departments and order in bulk. If applicable, bring items from home such as pens, paper, or other materials.

Finding ways to save your company money could possibly help save jobs. And even though it doesn’t seem like a lot, it all adds up. So, find out from your supervisor what ways you can contribute to help your company get through this recession without job loss.

Have other ideas that can save companies money? List them in the comment section below.