Executive Summary Provide an executive summary high level that captures only the essential elements of the business case being presented. Include the business case's most pertinent facts in a clear, concise, and strategic overview.
Share on Facebook Promising or giving an employee a promotion can increase worker loyalty and retention, but it can also cause hard feelings, decreased morale, turnover and even legal problems if not handled correctly. Awarding employee promotions based on objective, work-related criteria will help you spend your labor dollars wisely and avoid the problems caused by subjective recognition.
Increased Value One justification for giving an employee a promotion is that the staff member has made an effort to make himself more valuable to your company. If moving a worker to a new position will allow him to handle more responsibility and decrease your costs or increase your sales, this is an objective example of a justifiable promotion.
Look for ways to evaluate an increase in employee value, such as helping her earn a new certification, learn to use a particular piece of software or improve some other critical skill.
Calculate the cost of recruiting and training a replacement, the loss of productivity, potential loss of business an employee takes to a competitor and the affect of a departure on your company morale to determine the real cost of not giving an employee a promotion.
Morale Many employees are more likely to stay with a company if they feel they have a chance to improve their careers.
Giving longtime employees promotions not only keeps them working for you, but it also sends a message to the rest of your staff that hard work and loyalty can result in moving up.
Productivity If promoting a worker leads to improved efficiencies, decreased costs or increased sales, you have an objective business reason for justifying the promotion.
Sometimes this means offering a horizontal promotion to another department or area. For example, you might move a receptionist to your sales department if she demonstrates superior product knowledge or an aptitude for customer service.
You might shift a finance person to human resources if he develops a thorough understanding of your benefits program. Who Should Get Promoted? He has worked in the corporate and nonprofit arenas as a C-Suite executive, serving on several nonprofit boards.
He is an internationally traveled sport science writer and lecturer. Edmunds has a bachelor's degree in journalism.We have also provided a business case example in our Media Gallery that talks about improving a process; cases more utilized in project management.
Image Credit. Typical Examples of a Business Case. One real-life business case example comes from a company that produces oil burners for auto repair or body shop facilities.
The best thing you can do now is start preparing a content management systems business case. In this article, we make a lot of references to content management systems, but we really mean component content management systems.
To reduce business risk, CM ensures there are standardized methods and procedures used for efficient and prompt handling of all changes to baselined service assets . To create a business case from this template, simply do the following: Replace the title on the cover page with “the name of the organization, the name of your project, and the document type: Business Case” and delete the brackets.
The Business Case is an instrumental tool in both justifying a project (requiring a capital budgeting decision), as well as measuring the project's success.
The Business Case model typically takes the form of an Excel spreadsheet [read more]. A Business Case helps to determine whether or not a project justifies an organizations investment into a project.
The Business Case defines the problem and its impact and performs a Cost Benefit Analysis for the proposed solution/5().