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What is a Time Savings Person?

Suppose one of your employees come up with an idea that saves them 5 hours a month. That’s great, but wouldn’t it be even better to know how much money that time was worth? These soft savings can be calculated based on a list of your employees – your Time Savings People – and the estimated hourly rate of each position.

With this information, when someone resolves an Improvement with a Time Savings impact, you know not only how much time was saved, but how much money was saved as well.

 

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