Examples of Value Add

GettyImages_155369000.jpg
Ugurhan Betin/E+/Getty Images

Your value add is the real contribution you make to your organization's success. While doing the activities listed in your job description or your job specification is important and makes a contribution, your value add moves beyond activities or actions performed and illuminates, instead, the actual contributions you made to your organization's success.

Value added activities or contributions most often produce measurable results for your company.

These are things that make the company better - more profitable and a better place to work.

Value add contributions include measurable roles and activities. These are examples of value add activities and contributions.

  • Saved money. Often people only think about making money, but saving money can be just as valuable, if not more so. While sales people go out and make money, an HR person can add value by reducing turnover, which saves a fortune. An accountant can save money by implementing an internal audit that catches errors before they cause problems.
  • Awed customers. Lots of customers are customers of habit, and a competitor can break that habit by offering a sale or a nice perk. Awed customers don't let competitors in the door (or in the case of retail, don't go into the doors themselves). This is not just about meeting customer needs, it's going above and beyond to make sure the customer is satisfied.
  • Increased sales. This is the most obvious of the value added activities. A company needs income to survive and selling something is how that happens. Increasing those sales, whether through a salesperson who is a smooth talker, or an engineer who develops a new product that practically sells itself, brings increased sales to the company and a clear indication of added value.
  • Significantly reduced the time or steps necessary to complete a work process. Have you ever had a job where there was a long, tedious process to produce a monthly report? Everyone hates things like that. What if you could reduce the time needed to get this report done? What if you automated it? Everyone would sing your praises forever.

Employees who have an identifiable, noteworthy value add impact on their organization are eligible for pay raises, promotions, recognition, and appreciation. When you ask your boss for a promotion or a pay raise, mention these value-added accomplishments specifically.

Don't just say, “I do a great job, and I am ready for a promotion.” Say, “I do a great job. For example, through my anti-bullying program, I've been able to reduce turnover in critical departments by 10 percent. This program has also increased employee morale, and made our company reviews on Glassdoor shine.” Take responsibility for the great things you do and the value you add to the company.

Likewise, when you write a resume, instead of listing tasks like, “produced a monthly report,” list the accomplishment, “Reduced the amount of time to complete monthly reports from 2 weeks to 2 hours by developing an automated process using Microsoft Access.” These are the employees organizations most want to retain and recruit. When you list those things on your resume, you become someone whom people want to hire.

When you remind your boss of these accomplishments, your performance rating will skyrocket and your career will move onward and upward. When you are supposed to write your personal evaluation each year, these are the types of things you should list.

In a physical comparison, value-add, according to Wikipedia, is "the difference between the sale price of a product and the cost of materials to produce it. In this instance, value add is the combination of labor, machine investment, shipping and distribution, marketing, packaging, and more that add value so that a customer will purchase the raw materials that initially were the only product.

Continue Reading...