How to Add Value in Your Organization
The value you add is the real contribution you make to your organization's success. Performing the activities listed in your job description or your job specification is important and makes a contribution. However, your value-add moves beyond mere activities or tasks performed and illuminates, instead, the overall contributions you make to your organization's success. NOTE: Value-added activities or contributions most often produce measurable results for your company. These are things that make the company better, more profitable, and a nicer place to work. What Does Value-Add Mean? To use a physical comparison, value-add is the difference between a product's selling price and the cost of the materials used to produce it. In this example, the value-add is the combination of labor, machine investment, shipping and distribution, marketing, packaging, and more that add value so that a customer will purchase the raw materials that initially were the only...