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The savings factor reflects any reduction in a company's operating costs or an improvement in its overall productivity and efficiency. It may include:
• Operational costs, for example:
- Lower production costs
- Lower disposal fees
- Lower material and transport costs (e.g. through use of locally sourced materials and
services)
• Maximising Productivity: producing more for each unit of currency spent on employees,
contract labour, capital and other expenses through, for example:
- Reduction in material use and waste generation
- Reduction in employee turnover and absenteeism
- Increased staff satisfaction and employee motivation
For companies sponsoring Mayflower initiatives especially in Environmental improvement we anticipate strong potential for savings.
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