From the course: Presenting Financial Information

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Solution Part 1: Strategy for the presentation

Solution Part 1: Strategy for the presentation

From the course: Presenting Financial Information

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Solution Part 1: Strategy for the presentation

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(upbeat music) - [Narrator] So here are some of my suggestions. Remember what the problems are and what HR cares about. One, people are making mistakes and it's costing the company money. Two, people are inefficient, which is also costing the company money, and rather than fix the problems, the near term remedy is to hire a more senior person to pick up the slack. So in the first visual, I illustrate the total cost of salaries of $500,000 and $50,000 in inefficiency, or 10% of the $500K. Then there's also the cost of mistakes in the amount of $50,000. In the second visual, I then illustrate the problem as is, but seek to address the problem by hiring a new staff member. It just increases costs, but it's not clear whether hiring a new person will have any impact on mistakes and other team members being less inefficient. In the third visual, I can show a bridge, the before and the after, from a company that is inefficient with mistakes to a company with improved efficiency and fewer…

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