Entrepreneurs know a thing or two about investments. Pouring time, money, and resources into your small business usually equates to value, right? Yet what about your employees? Are you reviewing their return on investment?
Join me for a quick 60 seconds as I show you a focused method for finding the return you get from your employees. Time to get the ROI you’ve been banking on.
Click to tweet this: Focus the activity of your employees to get the ROI you’ve been banking on. @DaveCrenshaw
Transcription:
Are some of your employees being paid too much to do certain types of work?
Now, consider this for a minute: You hire someone, perhaps at a high value, like a manager. But overtime they end up doing low-value things like running small errands.
I am not saying this kind of work is beneath them. What I am saying is you’re just getting a bad return on investment.
In most small businesses, labor is the highest cost. So it’s important that we be very careful how we allocate those dollars.
One way to do this is by auditing your employee’s salary. Take a look at what everyone’s doing. Then compare that to the norm of what other people are paying for that kind of work.
So, I’d just like you to answer one simple question—do you feel you’re getting the value for what you’re paying your employees?
Also, if you have any question you’d like me to answer in a future video, ask that below as well.
Thanks for watching. Now protect your investment.
Join the conversation: Do you feel you’re getting the value for what you’re paying your employees?
I respond to every question and comment. So, please, join the conversation!
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