\n<\/strong>In 1987,\u00a0American Airlines<\/em>\u00a0determined that if they removed a single olive from all of their in-flight salads, they would make an annual saving of around \u00a330,000 each year. Not only did this mean they no longer had to invest in the olives in the first place, but it also meant that there was less weight on their planes which resulted in a saving for fuel, too.<\/p>\n
Don\u2019t be a doormat Get the upper plant Feed talent, shun experience Come off-the-grid If your employees work 7 hours a day, that\u2019s as much as \u00a3700 per year. If you have ten employees, that\u2019s \u00a37000 per year you could be saving.<\/p>\n So what changes can your company make? One thing you shouldn\u2019t skimp on, though, is your insurance. Whilst it may be more attractive to go for a budget policy, this may not suitably cover your business. At NC Insurance we will work with you to establish the risks to your business, along with your level of affordability. Then we\u2019ll find you the right policy at the right price. Call us today on 0191 482 1219 <\/b>or visit our website <\/b><\/a>for more info.<\/p>\n For more information on cutting costs within your business, read our blog post:\u00a0Top tips for improving your cash flow.<\/a><\/strong><\/p>\n
\n<\/strong>Texas-based plant,\u00a0American Standard<\/em>, found that they could make major savings by vacuuming their own doormats, rather than getting them sent off to be cleaned professionally. This minor change now saves the company a whopping \u00a355,000 a year.<\/p>\n
\n<\/strong>Xerox<\/em>\u00a0implemented an \u2018Adopt a Plant\u2019 programme in their company, where they encouraged workers to adopt a plant in the office to water and keep alive. This eliminated the need for a professional watering service, saving the company around \u00a3150,000 per year.<\/p>\n
\n<\/strong>When tech company\u00a0JumpCrew<\/em>\u00a0started up, their strategy was \u2013 similarly to many companies \u2013 to hire people with the most experience for the roles they were applying for. However, they couldn\u2019t afford to hire many, so they decided to fill the rest of the roles with people who showed clear talent, despite not necessarily having the relevant experience. They found that the employees without experience were quickly outperforming those with experience. Whilst this was initially a means to save on costs, it quickly became\u00a0JumpCrew<\/em>\u2019s hiring strategy. Hire people with the right qualities, and train them up.<\/p>\n
\n<\/strong>A number of companies, including\u00a0Apple Inc<\/em>\u00a0and\u00a0Amazon<\/em>, hire remote workers in order to save costs and more and more small companies encourage working from home. It\u2019s estimated that if an employee comes off-the-grid for an hour a day, it will save your company \u00a3100 per year.<\/p>\n
\n<\/strong>As you can see, even the smallest of changes can make a huge difference and sometimes they can be taken without anyone even noticing. If it comes down to watering your own plants or having to lay off an employee, it\u2019s clear which route is more desirable.<\/p>\nNC Insurance<\/h3>\n
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