How to Add Value to Your Company and Help Your Team

Efe Dickson
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2.1K Views
Aug 12, 2022

Nobody asks how they can make a difference in the company; everyone wants a raise or a promotion. They don't understand that the first step to seeking a raise or promotion is to figure out how to provide value to your company.

Businesses prosper in part because they recruit, develop, and keep skilled staff members who provide value to the business and the clients they serve.

Even if your job description appears to be nothing more than a simple to-do list, those duties have a purpose. The return on investment (ROI) your company receives from hiring you is influenced by how you handle these jobs.

Employees that understand how to bring value to their work are frequently paid more, work on more interesting projects, and have more career options. Even in the case of a recession, layoffs, or merger, companies will go to great lengths to retain people of this calibre.

In this article, we'll look at the notion of adding value to a business. I'll show you seven distinct methods to offer value to your organization. In addition, I'll share some job-specific examples of giving value to a firm as well as some real-life guidance.

Dispelling the myth of adding value to a business

Many employees go about their work life equating the number of years they've worked to the value they provide. That is not how the business world works.

An office manager, for example, may spend two years doing an excellent job of procuring office supplies so that inventory does not run out. Alternatively, that same manager may discover methods to assist his firm by negotiating vendor discounts, purchasing in bulk to save more, or establishing a supply sharing program across teams.

In this lesson, we'll discuss the idea of creating value for a firm. I'll list seven distinct methods you may use to improve the value of your business. I'll also give some job-specific examples of how to contribute value to a business by offering practical guidance.

These tactics might not be required under the manager's job description. To generate these ideas, you must be proactive and imaginative.

However, going the additional mile might save your organization thousands of dollars per year in expenses. That is how one adds value to a business.

You may now argue that engaging in such behaviour violates your boundaries. Depending on the culture of your business, it might or might not. If you get good outcomes (Mendoza, 2018), no one will object.

Meeting expectations is a must for enhancing a company's value.

What can I add to the organization? This is maybe the first thing you should consider. In actuality, you should start by asking the following question:

Do you adhere to the minimal standards or regulations for your job?

Before attempting to take on extra work, you should speak with your boss if you're not entirely sure what is required of you. Ask your manager to list the exact obligations you have on a regular basis and as needed, as well as the impact of each on the business.

It is much more crucial that you discuss things with your manager if they share your confusion or ignorance about your position. Together, you may specify the primary goals, follow-up activities, and performance indicators that must be accomplished in order to formally claim that you met or exceeded expectations for the work.

7 different ways workers can benefit their company

If you know what to do, adding value to your business is not difficult. Whatever your present position, you can take the following seven specific steps:

1.Exceptional client service

Customers are accustomed to being They continue to use the same shampoo, eat the same meals, and purchase the same goods and services they adore until a rival company gives them something better.

2. Increase revenue

One of the largest and most visible ways to provide value to a company is by adding a few thousand dollars or an additional zero to your employer's bottom line.

For those who work in sales and marketing, this is simple, but what if you work in IT support, administration, training, or customer service? What can you provide to the group?

Divide the company's sales by the total number of employees to calculate your influence on the bottom line. Employees in non-sales jobs have the following options to raise their average contribution:

Upselling items to current customers as part of customer service
Training: instruct front-line retail personnel on new sales strategies and customer service representatives on ways to improve the customer experience.
In the administrative jobs, make sure everyone has the documentation, product samples, and other marketing materials they need to wow potential clients.

3. Increase a protocol or procedure's effectiveness.

Something may be effective, but that doesn't imply it can't be made better. This is true for practically all of your repetitive, boring, and normal tasks.

Examples:

Recurring reports
Presentations to clients
The meeting's minutes
Cost estimates
Contracts
Billing and invoicing
Inventory control

Anything that can be broken down into a series of individual actions is automatable. Even manual labour may be made more efficient if the process is thoroughly scrutinized and needless phases are eliminated.

Take caution not to automate or utilize shortcuts when they are not required. You don't want to take shortcuts that will cause worse problems later.

4. Conserve Resources

As in the office administrator example, assisting your employer in saving money makes you a valuable employee.

But it's not just about money. Completing your assignment on time means you won't have to work after hours, which saves money.

5. Establish Yourself as an "Expert" in a Specific Task

Expertise in a task can boost your contribution to the firm, especially if you assist others with their work. If you help others, they will spread the news about you, and your contribution will no longer be restricted to your own work but will expand to a diverse range of individuals.

Types of abilities you can pick up that will be useful in various positions include:

Excel may be used to create a customized product inventory or a better invoicing system, among other things.
Your firm can use Photoshop to create better brochures and marketing collateral.
For those who work for small businesses who lack the resources to engage a full-time in-house developer or outsource this job, website design is an excellent option. For you to build a stunning website, you don't need to understand programming. On GraphicRiver or Envato Elements, you may find fantastic WordPress themes.
Don't allow your company fall behind on social media, please. If they don't have any online accounts, make some for them, or if their social media approach isn't working, offer to improve it.

6. Lessen the workload and stress on your manager

You aren't taking this on to please your teacher. You're doing this to qualify for intriguing "beyond your pay grade" assignments, and one way to achieve so is to demonstrate your capacity for taking on more work.

Taking on more jobs willingly, especially ones that are outside your present level of expertise, benefits the business.

When it's time for your yearly performance evaluation, these kinds of actions will be useful.

7. Tackle issues

Nobody enjoys whiners. It's simple to critique a novel good or service, and much simpler to grumble about the tools and procedures at work. However, very few staff members will invest the time to learn what may be done to make things better.

The next time you run into an issue, take some time to investigate two to three potential solutions, then make a thorough action plan for each one so you can submit it to your employer. If even one of your suggestions succeeds, you'll get the respect of your manager and help your team solve an issue.

Conclusion

Your employer is your customer, and you are a service provider. Successful service businesses are constantly on the lookout for innovative ways to help their clients. They go out of their way to take on more duties because they understand that it is the best approach to keep a customer. As a consequence, they make every effort to upsell, cross-sell, and provide value wherever possible.

You must take initiative if you want a raise, a promotion, or even a new project that will improve your résumé. Start by educating yourself on how to improve your business now.

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