How to slash the $100 billion cost of paperwork

Article Abstract:

White collar workers spend 21 to 70% of all working hours on paperwork. Managers must allow employees to think independently and reduce on report writing. Seventy percent of transmittal memos and cover letters can usually be eliminated. The use of electronic information transmission would also speed up paperwork processes. It is expected that by 1990, the use of electronic text messaging, voice mailboxes, video and audio-conferencing, and micrographics will increase ten times. A plan for paperwork reduction should include conducting an initial audit; stating paperwork priorities; developing a format for routine documents; writing a style manual and training employees; and evaluating electronic media for office use.

Statistics, Surveys, Business records, Report writing, Paperwork (Office practice)

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Retirees and HMOs: a cost saving tactic

Article Abstract:

In lowering obligations for retirees'medical expenses, employers may use the presence of health maintenance organizations (HMOs) in their areas to their advantage. Should the company program include coverage of drugs or balance billings, or if coordination of benefits is the integration method, Medicare- eligible retirees or dependents can be convinced to enroll in an HMO, assured of full coverage. While it does cost employers, this sponsorship is also of low risk, offering an alternative to the standard pay-as-you-go system while potentially lowering trend assumptions and reducing the SFAS 106 liability.

Usage, Innovations, Occupational health services, Health maintenance organizations

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Recessions encourage "slash and burn" policies

Article Abstract:

A survey of 600 companies reveals that many of them responded to the recession of the 1990s by reducing costs. While some economists think of recessions as a good way to deal with needless resources, the survey shows that many companies just reduced staff and closed facilities without thinking of the long-term. Holding companies and companies with lots of debt seem to be the ones most vulnerable to recession.

United Kingdom, Economic aspects, Recessions, Business cycles

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