Set a deadline for your cost cutting program

In my experience as a manager, meeting deadlines is a luxury not everyone can afford, I feel deadlines are made to be broken. Having said that, I strongly recommend setting a target date for your cost cutting program.

In my company, I have identified few areas where costs can be cut and instructed my employees to start working on these cost cutting measures, but I didn’t not give them a target date where I want to see those costs cut or totally eliminated. The results: no one really worked on these cost cutting measures.

So to get my employees back on track and get them working again on those cost-cutting measures, I set target dates and target performance measures for them to work against.

I am sure, they may miss the target dates, but having a set target date will keep the pressure on and they will have it on the back of their minds and eventually they will achieve the goals of the cost cutting program.