The ROI Principle for Value Statements
When you're working for a company, it's crucial to understand and articulate the value of your work. This concept is summed up by what I call the 'Return on Investment (ROI) Principle':
**“If you are being paid by a company to do work, you should be able to describe why that work is worth the pay.”**
Your work is valuable. If you can pinpoint **why** it’s impactful, you can likely quantify it. Here’s how you can measure the value you bring to your job, with relatable examples to illustrate each point:
1. **Rupees Saved**: If you find a more cost-effective supplier for materials, you save the company money.
2. **Hours Reduced**: Automating a manual process can save your team countless hours each month.
3. **Work-flow Tasks Reduced**: Simplifying a complex workflow can reduce the number of steps and make the process more efficient.
4. **Processes or Controls Improved**: Implementing new quality control measures can reduce defects in production.
5. **Schedule Progress Made**: Keeping projects on track or even ahead of schedule boosts productivity.
6. **People Hired**: Successfully recruiting new talent strengthens the team and the company.
7. **People Promoted**: Training and mentoring colleagues so they advance in their careers reflects well on your leadership.
8. **Employee Satisfaction Ratings**: Initiatives to improve workplace culture can result in higher satisfaction scores in surveys.
9. **Customer Feedback Ratings**: Enhancing customer service processes can lead to better reviews and ratings from clients.
10. **Tasks Accomplished At/Ahead of Schedule**: Delivering projects before deadlines showcases your efficiency.
11. **Patents Generated**: Innovations and new inventions that secure patents add to the company’s intellectual property.
12. **Productivity Increased**: Introducing new tools or methods that boost productivity by a significant percentage.
13. **Quality Increased (Reduced Errors)**: Reducing error rates in product manufacturing or service delivery improves quality.
14. **On-Time Delivery Percentage**: Ensuring that products or services are delivered on time enhances reliability and customer satisfaction.
15. **Positive Public Relations Stories/Posts**: Generating positive media coverage enhances the company’s public image.
16. **Increase in Social Media Followers**: Effective marketing campaigns that grow the company’s social media following.
17. **Improve Social Media Engagement**: Creating content that gets more likes, shares, and comments increases brand engagement.
18. **Milestones Delivered Early**: Achieving key project milestones ahead of schedule demonstrates your ability to exceed expectations.
### Pro Tip:
When you can't find a unit of measure that fits perfectly, use a percentage. Percentages are a universal metric for gauging improvements or impacts. For example, if a new process reduces errors by 25%, it clearly shows the positive effect of your contribution.
By following these guidelines, you can better communicate the tangible and quantifiable impact of your work, ensuring that its value is recognized and appreciated.
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