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Are you achieving returns of more than 10 per cent? If not... you could be - even without investing in new technology.
The recent CPISC HR Study found that improved management and HR strategies are needed within the printing industry to help boost profit margins and the viability of print companies.
To help, a comprehensive background paper: High performance workplaces has been developed to support better management and HR decision-making among industry members.
Across all industries, there is a cluster of mutually reinforcing workplace practices that foster increased productivity and innovation, stronger employee engagement and ongoing business success. This paper explores the applicability of these practices to the printing and graphic communications industry.
Within the sector, profit margins can be as low as 2 or 3 per cent - even in the good times - some companies regularly
achieve returns of 10 per cent or more. What seems to set these high performers apart is not new or different equipment, but rather a set of management
strategies and tactics that create conditions for greater success.
Some of these strategies include:
- sharing information with employees about business decisions and drivers of success
- empowering employees to exchange ideas and make decisions
- cross-training employees to allow them to gain a broader view of the business
- giving employees a stake in the company’s success
To learn more about how you can become a high performing workplace in the print industry, click here to read the full HR Study Issue Paper 2: High performance workplaces.
First CPISC Webinar a Success!
Over 50 participants from across the country watched a dynamic presentation, Life with Print, by Daniel Dejan of Sappi Fine Paper followed by a Q&A on Tuesday, October 6, 2009. Click here to view the webinar. |
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