Benefit statement examples are extremely important when it comes to writing a benefit statement. You want your employees to know how much you value their efforts. That way they can show you that their efforts are appreciated. You also want them to know how your company values the people in their position. So how do you use benefit statements to get your point across? Following are some examples of how this can be done:
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Benefit statements for production stage should include the summary of operations. Operations that include plant operations, materials management, and inventory are all part of production. The summary of operations shows how things are done throughout the entire production process. This is one of the most important benefit statements to include because it shows how a business is performing, what is happening with the business, and why it makes sense to give the employee rewards for their work.
Product development is a benefit statement example that is often overlooked by companies. When a company works through the process of developing new products, they are likely to create several benefit statements. One benefit statement will likely describe how the new product is different or better than the old or existing products. Some examples include: I am designing new products that will help consumers connect with me more. I want to make it easy for my customers to buy my items quickly.
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If you are working through the development of software applications, there are many benefits statements to create. An example might be: I am adding new software that will allow me to automate tasks. This new feature will allow me to provide additional value to my customers. I am streamlining processes so that I can provide more personalized support to my users. My software will seamlessly connect with my social media accounts. These examples are just a few of the many ways software applications benefit employees and employers.
Benefit statements are most effective when they are in the form of “actionable intelligence”. In other words, the information needs to be able to be converted from hard facts into something that a business or organization can use. One of the best examples of using an intelligence format is to illustrate how an apple devices sync and calendar can provide seamless access to schedules, tasks, contacts, and location. The data can be presented in an organized and easily-understood manner. Creating simple examples is one of the key elements of a successful BSC.
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Another benefit is that companies should consider the overall value of the solutions. When BSCs are created, they should consider the return on investment (ROI) of the product or service. In the grocery store example, the values might include: I am saving money by creating my own grocery list. I am also saving time because I am not having to drive to the grocery store. I am also increasing profitability because I am able to control spending.
The benefits might also include the conversion of sales. This is especially important in the case of the apple example. An individual does not feel they are making substantial gains by purchasing their own ingredients weekly. However, when they add the benefit of purchasing the weekly groceries, they suddenly see a significant increase in profitability. Even though the sales reps are aware of the conversion benefits, they are not able to fully exploit it due to their lack of skill.
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Benefit statements can be used in conjunction with other metrics to measure the business’s performance. For instance, BSCs can be paired with a numerical sales performance metric such as deal size. The deal size is used to indicate the percent of sales that were made on a sale, versus the total number of products purchased. By pairing these two numbers together, business owners can determine which products and services are bringing the most profits.
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