Most of the time when you think about budgeting, you start to ponder how well you're saving money and if there's something you can do at home to save better, live smarter and actually have enough cash set aside that retirement isn't going to mean retiring at 75 or 80 years of age.
But what about work? Granted, you may not be totally interested in being a company or team player to the point that you're working 80 hours per week or killing yourself with stress in lieu of getting home at a decent hour or missing time with your family.
That said, your employer looks at you as a way they can make money based on your performance, dedication in the form of hours put in and attitude to determine if their investment in you is worthwhile. Nothing kills a company's bottom line worse than having an employee that is totally unproductive or mired in conflict with either management or other employees.
Companies don't get into business to lose money or break even. They want revenue and profits that outweigh their expenses month by month and at the end of fiscal quarters and at the end of the year when they're tallying up all their receipts so to speak.
Part of the reason companies do so poorly is lost productivity from employees. How well a company monitors this determines just how badly financially this is hurting them. Some organizations see lost time as the cost of doing business and assume that employees with bad attitudes or nothing positive to say still work and that if they're loafing for a few hours then so be it. They may even adopt the attitude that every company has some of “those types” of employees that aren't the most productive within the group. The tendency with that mentality is that a warm body working is better than having to go out, interview, hire and train a new employee. While that cost is significant and turnover at a particular place of employment is costly as well, think about what that lazier employee is doing to your financial standing.
If the average employee makes $20 per hour and they spend roughly, on average, eight hours per week being unproductive that equates to nearly three million dollars per year when you factor in that about 20% of your workplace falls into this category.
Now, eliminating that number of employees in one fell swoop is going to ultimately hurt your business plans, too. So you need to take a more realistic approach and begin weeding out the slouches and start supplanting them with movers and shakers that will give more effort than the previous employee.
Those companies that can identify this trend and change it rather quickly are the ones that will enjoy better profits and a bottom line that is keeps the company from the brink of eventual extinction.