4 Ways Line Managers Can Save Money
Index Of The Blog
Line managers play a unique and vital role within any organization—acting as a liaison between employees and upper management, they are on-the-ground representatives responsible for daily operations. The list below outlines the four best ways in which line managers can help their organization save money.
1. Work on Effective Communication
Effective communication skills are perhaps the most valuable tool in line managers’ arsenal. A line manager’s communication skills can affect operations in a range of different ways, such as:
- Employee relations
Communication between managers and staff have a big impact on the morale of any team. As the manager is a representation of a company’s values, their communication can directly affect the relationship between an employee and the organization.
- Employee retention rates
A Gallup poll surveyed more than one million U.S. workers and found that the number one reason people quit their jobs was because of a bad boss or immediate supervisor. It was found that 75% of workers who left voluntarily reported that they did so because of their bosses, not the work itself.
- Productivity levels
Effective communication is necessary for high productivity levels, as the manager is responsible for task allocation and explanation, checking progress, and monitoring operations.
- Conflict resolution
Managers with effective communication skills are more trusted by employees and are more capable of aiding in quick conflict resolution.
- Problem-solving
Effective communication enables line managers to have more direct and productive conversations with members of staff. These types of conversations can inspire creative thinking, which has been found to aid problem-solving.
2. Automate to Save Time
Studies have found that the first level of management, including team managers and line managers, have the greatest impact on staff performance and engagement. Further research has found that the optimal amount of time staff should spend with their mangers is six hours a week. Employees who experienced a rise in manager contact time from one hour to six hours a week reported feeling 29% more inspired by their work.
Line managers are at their most valuable when they are on the ground interacting with staff and overseeing operations, not behind the desk dealing with paperwork. Line managers looking to offer the most value to their company should invest in automation software for routine tasks. Research from peoplexcd.com has found that using payroll and HR software can reduce the processing time of expenses by 80%, making payroll processing 50% faster and cutting HR inquiries by 70%. Now a day’s before conducting any meetings with staff, managers create a meeting flyer with the help of PhotoADKing’s flyer maker tool, where they include details about the meeting, and share them with staff before the meeting starts, so staff can understand more about the meeting purpose.
3. Invest in Training
Another great way that a line manager can help save their company money is by focusing on employee training. Training is a key aspect of the onboarding process and can impact productivity and employee value in many different ways, for example:
- Training ensures that an employee understands a company’s expectations and values
- Employees who are properly trained make fewer mistakes
- Training illustrates an employee’s strengths and weaknesses
4. Monitor Operations Regularly
Line managers who have a thorough process for monitoring options and quality control are going to be saving the company money. Monitoring operations effectively enables line managers to identify and safeguard against potential problems, increase operational efficiency, create consistency of output, and maintain levels of high-quality output.