EMPLOYEES PARTICIPATION IN COST SAVING

Presented by :

Soham Samanta
(P15FC040)
Harsh Agarwal
(P15FC055)
Ravi Teja
(P15FC077)
Jitender Kumar
(P15FC099)
Soumyajit Khamaru (P15FC215)
Debashish Shah
(P15FC261)

INTRODUCTION

Cost saving:

The amount of money saved as a result of changes to plans or policies that

reduce the expense associated with a business activity

Identifying cost saving opportunities can help a business to increase profits

by reducing outflows.

EMPLOYEE PARTICIPATION:

Employee involvement is not the goal nor is it a tool, as practiced in many

organizations. Rather, it is a management and leadership philosophy about
how people are most enabled to contribute to continuous improvement and
the ongoing success of their work organization.

Employee participation is the process whereby employees are involved in

2
decision making processes, rather than simply acting on orders

EMPLOYEE PARTICIPATION IN
COST SAVING

Employee participation in cost saving is creating an environment

for employees to reduce companys expenses voluntarily for
future purposes of organization as well as employee.
IMPORTANCE OF COST SAVINGS

Greater organizational stability.

The organization develops a stronger future focus.

Employee participation builds focus and teamwork.

Improved quality & service.

3

WAYS OF COST SAVINGS

Educate your employees

Leaving office in time

Electricity and water

Travelling expenses

Phone usage

Printing paper

Stationery

Project based work

Importance of employee engagement

20%

80%

Strongly agree

Moderately agree

Moderately disagree

Strongly disagree
5

Importance of motivation
Moderately disagree

Strongly disagree

Importance of
motivation

Moderately agree

Strongly agree
0

10 20 30 40 50 60 70 80 90
6

Methods

10%
10%
40%
20%

Bonus
Bonus & Promotions
Communication
Training
Goal setting
Benefits awareness

10% 10%

Method to engage employees in cost saving

All the above
Team work
Method to engage
employees in cost
saving

Motivation
Effective communication
Effective leadership
0

20 40 60 80
8

LEARNINGS

8 out of 10 managers agreed that employee

engagement is very important to sustain in the
competitive market

According to the survey we found motivation

is a key factor to engage your employee to
reduce the cost

Majorly bonus and training is used by

managers to motivate employees for cost
saving

Employees Partcipation
in Cost Saving (Responses).xlsx

WEBLIOGRAPHY
http://www.hr.com/hr/communities/organizational_devel
opment/employee_driven_cost_cutting_measures__why_it_
_
s_important_eng.html
http://www.strategyand.pwc.com/global/home/what-we-thin
k/reports-white-papers/article-display/costs-your-emplo
yees-help

10

11