Setting Up A Cost Effective Library Doc Download - Cost Management

Manas Reddy
Dear Friends,

I have an idea of setting up a cost effective library as we are a small organization, please give me your inputs on the same,

W&W Library initiative



What it is-

The library initiative is a idea which allows any small company to set up a fully functional library as a part of the knowledge management program, at minimal cost to the company, by engaging the employees in building and maintaining the library,

Who will pay for it-

Employees voluntarily contribute a nominal amount every month which can be any where between Rs.200/- to Rs.500/-, and the company will contribute an amount which is equivalent to total voluntary contribution, because the employee contribution is voluntary the total employee contribution may not be much but along with the company contribution we will have enough to start off with,

Ownership-

The library assets and books purchased over a period of time will be owned by the company,

What is in it for the employee-

Every employee will be a default member of the library during his/her tenure as an employee, and will be able to access the books of the library,

What is the benefit for contributors-

Every contributor will have a right to decide which books have to be purchased and a right to free life time membership, even after his/her disassociation with the company,

What is in it for the company-

W&W will get a full fledged library at half the cost, will be an addition to the W&W knowledge base, a marketing tool, and many other obvious benefits,

Advantages against fully “company backed” library-

Increased level of employee participation, involvement and efficient use of resources along with the cost advantages,



“A small investment can go a long way”

Regards,

B.K.Manas
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